Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.008%
Price spread now: Orderly against tradeXYZ+0.210%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.210% dearer against tradeXYZ than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 119.04 | 0.0050 | pay 0.0006% / 1h | 26m 13s | $12.0M | $3.9M | 10x |
| Short | Orderly PERP_BABA_USDC_mythos | 119.29 | 0.0100 | get 0.0100% / 8h | 5h 26m | $2K | $798 | 10x |
tradeXYZ xyz:BABA
Orderly PERP_BABA_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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: +0.210% → 0.000%
- $21
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $7.5
- Costs to cover
- 0.240%
- Break-even
- 2.0 days
Slippage unknown: tradeXYZ: live order book, 12 min ago; Orderly: no order-book sample. Net counts fees only.
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, 12 min ago | 1.26 bp | 11.9 bp −$12 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 119.27 | +0.193% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.24 | +0.168% | $2.2M | $643K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.24 | +0.168% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 120.29 | +1.049% | $3K | $218K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.25 | +0.176% | $863 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.97 | +0.781% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.27 | +0.193% | $380K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.14 | +0.084% | $429K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.688% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.58 | +0.454% | $72K | $109K | 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
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 | 119.38 | +0.286% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 119.04 | long leg | $12.0M | $3.9M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.14 | +0.084% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.25 | +0.176% | $238K | $396K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 119.28 | +0.202% | $1.2M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.31 | +0.227% | $621K | $512K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythosshort | +0.0100% | 8h | 119.29 | +0.210% | $2K | $798 | 10x | |
| Variational Omni BABA | +0.0101% | 8h | 119.88 | +0.702% | $270K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0152% | 1h | 119.23 | +0.156% | $44K | $368K | 10x | as long as short |
| Binance BABAUSDT | +0.0153% | 8h | 119.23 | +0.157% | $16.0M | $27.7M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 120.05 | +0.848% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0902% | 8h | 119.22 | +0.151% | $2.5M | $1.5M | 20x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT