Funding you earn now, next payment 02:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.118%
Price spread now: Arcus against tradeXYZ+0.446%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 3 days (all we have)+0.180%+$18 on $10k
+Price spread, last 4 days (all we have)−0.441%−$44 · spread now +0.446%, 7d avg +0.077%
=Together, before fees−0.262%+ Points / potential airdroptradeXYZ: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.369% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.446% now, against its 7-day average of +0.077%): +$37 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months. Mind the row above: over the last 3 days funding on this pair paid +0.180%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 116.63 | 0.0050 | pay 0.0006% / 1h | 18m 11s | $12.1M | $3.4M | 10x |
| Short | Arcus BABA-USD | 117.15 | 0.0040 | get 0.0005% / 1h | 18m 11s | $74K | $100K | 10x |
tradeXYZ xyz:BABA
Arcus BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against tradeXYZ. 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
- −$2.04
- Price spread: +0.446% → +0.077%
- $36.9
- Slippage, 4 orders
- −$29.36
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$17
- Costs to cover
- 0.519%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; Arcus: 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 tradeXYZ live order book, 11 min ago | 1.27 bp | 12.8 bp −$13 | 19.1 bp −$191 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 41 min ago | 4.28 bp | 12.4 bp −$12 | 14.6 bp −$146 | 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 | 116.82 | +0.162% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.67 | +0.034% | $2.1M | $556K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.73 | +0.086% | $1.5M | $1.6M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 117.91 | +1.095% | $3K | $228K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.78 | +0.129% | $1K | $3.8M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.22 | +0.506% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.84 | +0.180% | $385K | $45K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.68 | +0.043% | $422K | $499K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.677% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 116.69 | +0.051% | $1.2M | $4.5M | 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
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USDshort | +0.0040% | 1h | 117.15 | +0.446% | $74K | $100K | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.80 | +0.146% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 116.63 | long leg | $12.1M | $3.4M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.62 | −0.009% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.22 | +0.506% | $242K | $365K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.70 | +0.060% | $608K | $529K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.70 | +0.060% | $2K | $798 | 10x | as long as short |
| Bitget BABAUSDT | +0.0102% | 8h | 116.75 | +0.103% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | +0.0138% | 8h | 117.23 | +0.517% | $264K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.72 | +0.081% | $43K | $366K | 10x | as long as short |
| Binance BABAUSDT | +0.0194% | 8h | 116.74 | +0.094% | $15.6M | $23.6M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.05 | +0.360% | $66K | $71K | 10x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Bitget BABAUSDT
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA