Funding you earn now, next payment 04:00 UTC+0.0152%/8h= +16.7% APRnext payment +$0.19 per $10,000 · paid last 24h +0.060%
Price spread now: Phoenix against Ondo Perps−0.051%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.296%+$30 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Phoenix is 0.051% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 27 hours of funding at the current rate (+$5 a day). The two prices were read 48 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 | 118.09 | 0.0050 | pay 0.0006% / 1h | 54m 35s | $238K | $408K | 10x |
| Short | Phoenix BABA | 118.03 | 0.0203 | get 0.0025% / 1h | 54m 35s | $66K | $90K | 10x |
Ondo Perps BABA-USD.P
Phoenix BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $32.01
- Price spread: −0.051% → 0.000%
- −$5.08
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $14.93
- Costs to cover
- 0.120%
- Break-even
- 3.7 days
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: no order-book sample. 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 Phoenix no order-book sample | — | — | — | — | — |
Ondo Perps and Phoenix: 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 | 118.34 | +0.210% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.44 | +0.296% | $2.1M | $710K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.44 | +0.296% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.50 | +0.347% | $774 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.50 | +0.347% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.48 | +0.330% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.43 | +0.288% | $438K | $509K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.905% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.24 | +0.127% | $72K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.40 | +0.263% | — | $19K | 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-USD
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BABA_USDT_Perp | +0.0048% | 8h | 118.05 | −0.033% | $3K | $194K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.32 | +0.195% | $12.0M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.36 | +0.229% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 118.09 | long leg | $238K | $408K | 10x | |
| QFEX BABA-USD | +0.0073% | 1h | 118.41 | +0.271% | $1.2M | $3.6M | 10x | as long as short |
| Variational Omni BABA | +0.0084% | 8h | 118.31 | +0.186% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.25 | +0.135% | $615K | $445K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.49 | +0.339% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 118.42 | +0.278% | $43K | $354K | 10x | as long as short |
| Binance BABAUSDT | +0.0161% | 8h | 118.45 | +0.305% | $15.7M | $30.9M | 20x | as long as short |
| Bitget BABAUSDT | +0.0187% | 8h | 118.41 | +0.271% | $2.4M | $1.7M | 20x | as long as short |
| Phoenix BABAshort | +0.0203% | 1h | 118.03 | −0.051% | $66K | $90K | 10x |
GRVT BABA_USDT_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
Bitget BABAUSDT