Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: SunX against Ondo Perps−0.128%7-day average +0.114% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.141%−$14 on $10k
+Price spread, last 3 days (all we have)+0.293%+$29 · spread now −0.128%, 7d avg +0.114%
=Together, before fees+0.151%+ Points / potential airdropOndo Perps: Active · farm board+$15 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 SunX is 0.242% cheaper against Ondo Perps than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.114%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BABA-USD.P | 117.10 | 0.0050 | pay 0.0006% / 1h | 47m 48s | $236K | $366K | 10x |
| Short | SunX BABA-USDT | 116.95 | 0 | get 0.0000% / 8h | 6h 47m | $1K | $4.1M | 20x |
Ondo Perps BABA-USD.P
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: −0.128% → +0.114%
- −$24.17
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$47.75
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 10 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 SunX live order book, 10 min ago | 46.19 bp | 64.8 bp −$65 | doesn't fit | 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 | 116.85 | −0.217% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.01 | −0.077% | $2.2M | $595K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.94 | −0.137% | $1.4M | $1.5M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.94 | −0.137% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 116.95 | −0.128% | $1K | $4.1M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 117.14 | +0.034% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.00 | −0.085% | $386K | $44K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.86 | −0.205% | $422K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.076% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 116.94 | −0.137% | $1.2M | $4.8M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 116.96 | −0.120% | $74K | $102K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.87 | −0.196% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.85 | −0.213% | $12.3M | $3.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.85 | −0.213% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 117.10 | long leg | $236K | $366K | 10x | |
| GRVT BABA_USDT_Perp | +0.0071% | 8h | 117.08 | −0.017% | $3K | $231K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.87 | −0.196% | $608K | $535K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.90 | −0.171% | $1K | $1K | 10x | as long as short |
| Variational Omni BABA | +0.0158% | 8h | 117.12 | +0.019% | $303K | $619K | — | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.91 | −0.162% | $65K | $71K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0208% | 1h | 116.91 | −0.162% | $47K | $365K | 10x | as long as short |
| Binance BABAUSDT | +0.0208% | 8h | 116.94 | −0.137% | $15.4M | $23.2M | 20x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Phoenix BABA
Extended BABA_24_5-USD
Binance BABAUSDT