Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.024%
Price spread now: GRVT against Ondo Perps+0.062%53s7-day average +0.128% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.062%, 7d avg +0.128%
=Together, before fees+0.038%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.066% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.128%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BABA-USD.P | 119.38 | 0.0050 | pay 0.0006% / 1h | 32m 22s | $244K | $385K | 10x |
| Short | GRVT BABA_USDT_Perp | 119.45 | 0 | get 0.0000% / 8h | 5h 32m | $3K | $219K | 10x |
Ondo Perps BABA-USD.P
GRVT BABA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.58
- Price spread: +0.062% → +0.128%
- −$6.56
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$31.14
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 30 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Ondo Perps no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 30 min ago | 2.11 bp | 10.3 bp −$10 | 47.4 bp −$474 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BABA on 22 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BABAUSDT | 0.0000% | 8h | 119.74 | +0.302% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 120.05 | +0.561% | $2.2M | $629K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.92 | +0.452% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perpshort | 0.0000% | 8h | 119.45 | +0.062% | $3K | $219K | 10x | |
| SunX BABA-USDT | 0.0000% | 8h | 119.89 | +0.427% | $746 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.74 | +0.302% | $35K | $8K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.93 | +0.461% | $381K | $69K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.84 | +0.385% | $433K | $497K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.965% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.39 | +0.008% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.88 | +0.419% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.83 | +0.377% | $12.3M | $3.7M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.79 | +0.343% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 119.38 | long leg | $244K | $385K | 10x | |
| QFEX BABA-USD | +0.0061% | 1h | 119.78 | +0.335% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABA | +0.0095% | 8h | 119.43 | +0.039% | $268K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.83 | +0.377% | $624K | $514K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.98 | +0.503% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 119.94 | +0.469% | $44K | $368K | 10x | as long as short |
| Binance BABAUSDT | +0.0163% | 8h | 119.98 | +0.506% | $16.1M | $25.7M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 119.43 | +0.042% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0658% | 8h | 119.87 | +0.410% | $2.5M | $1.4M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT