BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0293%/8h= −32.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.053%

Price spread now: tradeXYZ against Phoenix−0.052%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$490.489% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.256%−$26 on $10k

Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.052%, 7d avg −0.067%

Together, before fees−0.235%+ Points / potential airdroptradeXYZ: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix BABA	116.32	0.0343	pay 0.0043% / 1h	48m 34s	$65K	$133K	10x
Short	tradeXYZ xyz:BABA	116.26	0.0050	get 0.0006% / 1h	48m 34s	$12.1M	$3.0M	10x

Funding history

latest

Range statsloading…

tradeXYZ against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee PhoenixbpFee tradeXYZbpOrdersPrice spread, now −0.052%Rate

Slippage from Phoenix: live order book, 17 min ago; tradeXYZ: live order book, 10 min ago.

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, 17 min ago	2.58 bp	10.4 bp −$10	21.8 bp −$218	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.86 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit

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	116.38	+0.052%	$75K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.37	+0.043%	$2.2M	$583K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.37	+0.043%	$1.4M	$1.6M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.40	+0.069%	$2.5M	$1.3M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.43	+0.095%	$743	$4.1M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.49	+0.146%	$37K	$2K	20x	as long as short
Lighter RH BABA	+0.0032%	1h	116.29	−0.026%	$444K	$479K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.413%	$11K	$26K	12x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.33	+0.009%	—	$9K	10x	as long as short
tradeXYZ xyz:BABAshort	+0.0050%	1h	116.26	−0.052%	$12.1M	$3.0M	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps BABA-USD	+0.0050%	1h	116.33	+0.009%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.31	−0.009%	$243K	$339K	10x	as long as short
QFEX BABA-USD	+0.0072%	1h	116.41	+0.077%	$1.2M	$5.2M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.37	+0.043%	$604K	$561K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.43	+0.095%	$2K	$798	10x	as long as short
GRVT BABA_USDT_Perp	+0.0135%	8h	116.44	+0.104%	$2K	$245K	10x	as long as short
Variational Omni BABA	+0.0145%	8h	116.42	+0.088%	$301K	$619K	—	as long as short
Lighter BABA	+0.0208%	1h	116.49	+0.146%	$385K	$49K	10x	as long as short
Binance BABAUSDT	+0.0214%	8h	116.40	+0.067%	$15.4M	$21.6M	20x	as long as short
Extended BABA_24_5-USD	+0.0216%	1h	116.33	+0.005%	$43K	$405K	10x	as long as short
Phoenix BABAlong	+0.0343%	1h	116.32	long leg	$65K	$133K	10x
Arcus BABA-USD	+0.0626%	1h	116.39	+0.060%	$75K	$101K	10x	as long as short