Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: SunX against Polymarket Perps+0.025%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1441.439% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.025%, 7d avg +0.073%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.048% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BABA-USD | 118.06 | 0.0050 | pay 0.0006% / 1h | 49m 15s | $9K | $266K | 10x |
| Short | SunX BABA-USDT | 118.09 | 0 | get 0.0000% / 8h | 3h 49m | $714 | $3.4M | 20x |
Polymarket Perps BABA-USD
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.025% → +0.073%
- −$4.77
- Slippage, 4 orders
- −$127.87
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$159.14
- Costs to cover
- 1.439%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; SunX: live order book, 9 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, 3 min ago | 3.39 bp | 7.4 bp −$7 | 7.4 bp −$74 | doesn't fit | doesn't fit |
| Sell SunX live order book, 9 min ago | 45.63 bp | 64.5 bp −$64 | 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 | 118.16 | +0.088% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.06 | 0.000% | $2.1M | $707K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.09 | +0.025% | $1.5M | $1.9M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.21 | +0.125% | $3K | $193K | 10x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 118.09 | +0.025% | $714 | $3.4M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 118.24 | +0.152% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.17 | +0.093% | $376K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.08 | +0.017% | $437K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.880% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.12 | +0.051% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
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 | 118.11 | +0.042% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.98 | −0.068% | $11.9M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USDlong | +0.0050% | 1h | 118.06 | long leg | $9K | $266K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.10 | +0.034% | $238K | $405K | 10x | as long as short |
| Variational Omni BABA | +0.0053% | 8h | 118.16 | +0.088% | $266K | $658K | — | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.08 | +0.017% | $1.2M | $4.0M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.05 | −0.008% | $614K | $462K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.07 | +0.008% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 118.05 | −0.007% | $43K | $358K | 10x | as long as short |
| Binance BABAUSDT | +0.0130% | 8h | 118.09 | +0.025% | $15.6M | $30.5M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.08 | +0.017% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0377% | 8h | 118.05 | −0.008% | $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
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT