Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: SunX against Orderly−0.060%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.060% cheaper against Orderly than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | Orderly PERP_BABA_USDC_mythos | 117.35 | 0.0100 | pay 0.0100% / 8h | 7h 46m | $2K | $798 | 10x |
| Short | SunX BABA-USDT | 117.28 | 0 | get 0.0000% / 8h | 7h 46m | $1K | $2.9M | 20x |
Orderly PERP_BABA_USDC_mythos
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Orderly. 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
- −$21
- Price spread: −0.060% → 0.000%
- −$5.97
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$40.97
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; SunX: live order book, 11 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 Orderly no order-book sample | — | — | — | — | — |
| Sell SunX live order book, 11 min ago | 46.08 bp | 64.6 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | 117.14 | −0.181% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.28 | −0.060% | $2.1M | $727K | 25x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.31 | −0.034% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 117.28 | −0.060% | $1K | $2.9M | 20x | |
| Lighter BABA | +0.0032% | 1h | 117.39 | +0.034% | $374K | $71K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.31 | −0.034% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.287% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.23 | −0.102% | $70K | $140K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.22 | −0.111% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.16 | −0.162% | $8K | $281K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.12 | −0.196% | $231K | $421K | 10x | as long as short |
| Gate BABA_USDT | +0.0062% | 8h | 117.36 | +0.009% | $1.5M | $1.9M | 50x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.32 | −0.026% | $1.2M | $3.0M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.17 | −0.153% | $612K | $402K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythoslong | +0.0100% | 8h | 117.35 | long leg | $2K | $798 | 10x | |
| Variational Omni BABA | +0.0109% | 8h | 117.19 | −0.140% | $338K | $721K | — | as long as short |
| tradeXYZ xyz:BABA | +0.0111% | 1h | 117.24 | −0.094% | $12.0M | $4.6M | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 117.31 | −0.034% | $43K | $311K | 10x | as long as short |
| Binance BABAUSDT | +0.0184% | 8h | 117.36 | +0.007% | $15.3M | $31.7M | 20x | as long as short |
| HTX BABA-USDT | +0.0225% | 8h | 117.33 | −0.017% | $30K | $19K | 20x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 117.12 | −0.196% | $66K | $89K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0457% | 8h | 117.24 | −0.091% | $3K | $184K | 10x | as long as short |
Ondo Perps BABA-USD.P
Gate BABA_USDT
QFEX BABA-USD
KuCoin BABAUSDTM
Variational Omni BABA
tradeXYZ xyz:BABA
Extended BABA_24_5-USD
Binance BABAUSDT
HTX BABA-USDT
Phoenix BABA
GRVT BABA_USDT_Perp