Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bybit against Polymarket Perps+0.118%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$470.465% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.118%, 7d avg +0.061%
=The price spread pays, funding is against you. Bybit is 0.056% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.061%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BABA-USD | 118.91 | 0.0050 | pay 0.0006% / 1h | 49m 30s | $9K | $266K | 10x |
| Short | Bybit BABAUSDT | 119.05 | 0 | get 0.0000% / 8h | 4h 49m | $2.2M | $646K | 25x |
Polymarket Perps BABA-USD
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Polymarket 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
- −$10.5
- Price spread: +0.118% → +0.061%
- $5.64
- Slippage, 4 orders
- −$27.53
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$51.39
- Costs to cover
- 0.465%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 8 min ago; Bybit: live order book, 2 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 Polymarket Perps live order book, 8 min ago | 2.51 bp | 8.1 bp −$8 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.94 bp | 17.3 bp −$17 | 87.5 bp −$875 | 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 | 119.08 | +0.145% | $74K | $35K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 119.05 | +0.118% | $2.2M | $646K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 119.00 | +0.076% | $1.5M | $1.8M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.25 | +0.286% | $3K | $217K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.14 | +0.193% | $550 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.23 | +0.269% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.04 | +0.109% | $379K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.96 | +0.042% | $428K | $495K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.582% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.09 | +0.151% | $72K | $109K | 10x | as long as short |
Aster 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 | 118.99 | +0.067% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.91 | 0.000% | $12.0M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USDlong | +0.0050% | 1h | 118.91 | long leg | $9K | $266K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.01 | +0.084% | $241K | $405K | 10x | as long as short |
| Variational Omni BABA | +0.0054% | 8h | 119.08 | +0.142% | $268K | $658K | — | as long as short |
| QFEX BABA-USD | +0.0068% | 1h | 118.99 | +0.067% | $1.2M | $4.3M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.95 | +0.034% | $619K | $498K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.08 | +0.143% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0126% | 8h | 118.99 | +0.065% | $15.6M | $29.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 118.98 | +0.057% | $43K | $360K | 10x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 119.02 | +0.093% | $67K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0999% | 8h | 119.01 | +0.084% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
Variational Omni BABA
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT