Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against SunX−0.060%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1441.442% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.060%, 7d avg −0.072%
=The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BABA-USDT | 117.62 | 0 | get 0.0000% / 8h | 2h 17m | $794 | $3.3M | 20x |
| Short | Polymarket Perps BABA-USD | 117.55 | 0.0050 | get 0.0006% / 1h | 17m 48s | $9K | $266K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against SunX. 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: −0.060% → −0.072%
- $1.28
- Slippage, 4 orders
- −$128.16
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$132.38
- Costs to cover
- 1.442%
- Break-even
- 95.3 days
Slippage from SunX: live order book, 10 min ago; Polymarket Perps: live order book, 29 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 SunX live order book, 10 min ago | 45.92 bp | 64.0 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 29 min ago | 3.38 bp | 7.4 bp −$7 | 7.4 bp −$74 | 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 | 117.90 | +0.237% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.62 | 0.000% | $2.1M | $722K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.63 | +0.009% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.60 | −0.017% | $2.4M | $1.7M | 20x | as long as short |
| SunX BABA-USDTlong | 0.0000% | 8h | 117.62 | long leg | $794 | $3.3M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 117.69 | +0.060% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.65 | +0.026% | $374K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.56 | −0.051% | $436K | $514K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.513% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.58 | −0.034% | $71K | $110K | 10x | as long as short |
Show all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.61 | −0.009% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.49 | −0.111% | $11.9M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 117.55 | −0.060% | $9K | $266K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.56 | −0.051% | $238K | $400K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 117.63 | +0.009% | $1.2M | $3.4M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0084% | 8h | 117.68 | +0.053% | $3K | $193K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.49 | −0.111% | $611K | $426K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.61 | −0.009% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0110% | 8h | 117.65 | +0.025% | $265K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 117.63 | +0.007% | $44K | $360K | 10x | as long as short |
| Binance BABAUSDT | +0.0177% | 8h | 117.63 | +0.009% | $15.6M | $31.2M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 117.61 | −0.009% | $66K | $90K | 10x | as long as short |
SunX BABA-USDT
Polymarket Perps BABA-USD
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
tradeXYZ xyz:BABA
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA