Funding you earn now, next payment 04:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h −0.009%
Price spread now: Extended against Phoenix+0.356%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.275%−$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Extended is 0.356% dearer against Phoenix than usual: you sell high and buy low (spread +0.356% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 28 days. At the pace of the last 7 days (−0.275% in total) that is about 9.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix BABA | 118.03 | 0.0203 | pay 0.0025% / 1h | 55m 22s | $66K | $90K | 10x |
| Short | Extended BABA_24_5-USD | 118.45 | 0.0160 | get 0.0020% / 1h | 55m 22s | $43K | $356K | 10x |
Phoenix BABA
Extended BABA_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phoenix. 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
- −$8.99
- Price spread: +0.356% → 0.000%
- $35.61
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $14.61
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 57 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 57 min ago | 2.96 bp | 12.3 bp −$12 | 82.2 bp −$822 | doesn't fit | doesn't fit |
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 | 118.35 | +0.274% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.45 | +0.356% | $2.1M | $708K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.49 | +0.390% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.50 | +0.398% | $774 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.50 | +0.398% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.48 | +0.381% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.47 | +0.373% | $438K | $509K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.855% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.17 | +0.119% | $72K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.40 | +0.313% | — | $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 | +0.018% | $3K | $194K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.37 | +0.288% | $12.0M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.39 | +0.305% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.09 | +0.051% | $238K | $408K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 118.44 | +0.347% | $1.2M | $3.6M | 10x | as long as short |
| Variational Omni BABA | +0.0084% | 8h | 118.31 | +0.237% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.26 | +0.195% | $616K | $446K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.49 | +0.390% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0160% | 8h | 118.49 | +0.388% | $15.7M | $30.9M | 20x | as long as short |
| Extended BABA_24_5-USDshort | +0.0160% | 1h | 118.45 | +0.356% | $43K | $356K | 10x | |
| Bitget BABAUSDT | +0.0189% | 8h | 118.44 | +0.347% | $2.4M | $1.7M | 20x | as long as short |
| Phoenix BABAlong | +0.0203% | 1h | 118.03 | long leg | $66K | $90K | 10x |
GRVT BABA_USDT_Perp
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Bitget BABAUSDT