Funding you earn now, next payment 01:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.047%
Price spread now: KuCoin against Phoenix−0.364%108s7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1641.639% of the position
Funding, last 7 days−0.236%−$24 on $10k
+Price spread, last 3 days (all we have)+0.282%+$28 · spread now −0.364%, 7d avg −0.056%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.308% cheaper against Phoenix than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.056%). Swap the legs. The two prices were read 108 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 | Phoenix BABA | 118.20 | 0.0205 | pay 0.0026% / 1h | 57m 31s | $66K | $41K | 10x |
| Short | KuCoin BABAUSDTM | 117.77 | 0.0100 | get 0.0100% / 8h | 5h 57m | $612K | $525K | 20x |
Phoenix BABA
KuCoin BABAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$22.05
- Price spread: −0.364% → −0.056%
- −$30.77
- Slippage, 4 orders
- −$144.85
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$216.67
- Costs to cover
- 1.639%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 63 min ago; KuCoin: live order book, 41 min ago.
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 live order book, 63 min ago | 4.27 bp | 12.9 bp −$13 | 28.7 bp −$287 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 41 min ago | 23.02 bp | 48.4 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
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 | 117.81 | −0.329% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.92 | −0.237% | $2.2M | $579K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.90 | −0.254% | $1.5M | $1.6M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 117.79 | −0.351% | $3K | $222K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.82 | −0.321% | $938 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.75 | −0.381% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.01 | −0.161% | $388K | $46K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.85 | −0.296% | $427K | $495K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.997% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.90 | −0.254% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
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 | 117.95 | −0.212% | — | $18K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.89 | −0.262% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.75 | −0.381% | $238K | $372K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 117.94 | −0.220% | $1.2M | $4.5M | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0092% | 1h | 117.85 | −0.296% | $12.1M | $3.5M | 10x | as long as short |
| KuCoin BABAUSDTMshort | +0.0100% | 8h | 117.77 | −0.364% | $612K | $525K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.81 | −0.330% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0122% | 8h | 118.22 | +0.021% | $266K | $658K | — | as long as short |
| Binance BABAUSDT | +0.0179% | 8h | 117.96 | −0.202% | $15.6M | $23.9M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0184% | 1h | 117.91 | −0.248% | $46K | $368K | 10x | as long as short |
| Phoenix BABAlong | +0.0205% | 1h | 118.20 | long leg | $66K | $41K | 10x | |
| Bitget BABAUSDT | +0.0260% | 8h | 117.91 | −0.245% | $2.5M | $1.3M | 20x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
tradeXYZ xyz:BABA
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Bitget BABAUSDT