Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.022%
Price spread now: Bybit against tradeXYZ+0.142%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 7 days−0.082%−$8 · spread now +0.142%, 7d avg +0.114%
=Together, before fees−0.266%+ Points / potential airdroptradeXYZ: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.028% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of +0.114%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 44 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 120.02 | 0.0050 | pay 0.0006% / 1h | 29m 56s | $12.2M | $3.8M | 10x |
| Short | Bybit BABAUSDT | 120.19 | 0 | get 0.0000% / 8h | 5h 29m | $2.2M | $631K | 25x |
tradeXYZ xyz:BABA
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$10.5
- Price spread: +0.142% → +0.114%
- $2.75
- Slippage, 4 orders
- −$29.07
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$65.82
- Costs to cover
- 0.581%
- Break-even
- never at this rate
Slippage from tradeXYZ: 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 tradeXYZ live order book, 8 min ago | 1.26 bp | 11.9 bp −$12 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.75 bp | 17.1 bp −$17 | 114.0 bp −$1,140 | 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 | 120.14 | +0.099% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 120.19 | +0.142% | $2.2M | $631K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 120.18 | +0.133% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.65 | −0.312% | $3K | $219K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 120.00 | −0.017% | $751 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.74 | −0.233% | $35K | $8K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 120.12 | +0.083% | $382K | $70K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 120.10 | +0.067% | $433K | $498K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −3.483% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.67 | −0.292% | $73K | $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 | 120.14 | +0.100% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 120.02 | long leg | $12.2M | $3.8M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 120.07 | +0.042% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.77 | −0.208% | $243K | $388K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 120.12 | +0.083% | $1.2M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 120.03 | +0.008% | $625K | $513K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 120.20 | +0.150% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0101% | 8h | 119.88 | −0.120% | $270K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 120.01 | −0.011% | $44K | $368K | 10x | as long as short |
| Binance BABAUSDT | +0.0162% | 8h | 120.07 | +0.043% | $16.1M | $26.3M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 119.43 | −0.492% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0758% | 8h | 120.09 | +0.058% | $2.5M | $1.4M | 20x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT