Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.018%
Price spread now: GRVT against tradeXYZ+0.147%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.147%, 7d avg +0.121%
=Together, before fees−0.156%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.026% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.121%. Mind the row above: over the last 7 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 117.56 | 0.0050 | pay 0.0006% / 1h | 5m 30s | $11.9M | $4.4M | 10x |
| Short | GRVT BABA_USDT_Perp | 117.73 | 0.0082 | get 0.0082% / 8h | 2h 05m | $3K | $193K | 10x |
tradeXYZ xyz:BABA
GRVT BABA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $6.72
- Price spread: +0.147% → +0.121%
- $2.55
- Slippage, 4 orders
- −$20.88
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$38.61
- Costs to cover
- 0.479%
- Break-even
- 47.2 days
Slippage from tradeXYZ: live order book, 3 min ago; GRVT: live order book, 42 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, 3 min ago | 1.27 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 42 min ago | 5.49 bp | 12.4 bp −$12 | 38.5 bp −$385 | 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 | 117.80 | +0.201% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.60 | +0.034% | $2.1M | $720K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.63 | +0.060% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.71 | +0.128% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.69 | +0.111% | $824 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.76 | +0.170% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.59 | +0.026% | $374K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.50 | −0.051% | $436K | $514K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.463% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.64 | +0.068% | $71K | $110K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
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 | 117.67 | +0.094% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 117.56 | long leg | $11.9M | $4.4M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.56 | 0.000% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.57 | +0.009% | $238K | $405K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 117.61 | +0.043% | $1.2M | $3.2M | 10x | as long as short |
| GRVT BABA_USDT_Perpshort | +0.0082% | 8h | 117.73 | +0.147% | $3K | $193K | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.52 | −0.034% | $612K | $419K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.68 | +0.102% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0108% | 8h | 117.67 | +0.097% | $265K | $658K | — | as long as short |
| Binance BABAUSDT | +0.0174% | 8h | 117.61 | +0.041% | $15.5M | $31.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 117.58 | +0.014% | $44K | $355K | 10x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 117.69 | +0.111% | $66K | $90K | 10x | 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
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA