Funding you earn now, next payment 00:00 UTC+0.0293%/8h= +32.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.053%
Price spread now: Phoenix against tradeXYZ−0.026%7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days+0.256%+$26 on $10k
+Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.026%, 7d avg +0.067%
=Together, before fees+0.313%+ Points / potential airdroptradeXYZ: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.093% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.067%). If the spread goes back, that is −$9 on $10k: about 25 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.256% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 116.97 | 0.0050 | pay 0.0006% / 1h | 0m 39s | $12.3M | $3.4M | 10x |
| Short | Phoenix BABA | 116.94 | 0.0343 | get 0.0043% / 1h | 0m 39s | $65K | $133K | 10x |
tradeXYZ xyz:BABA
Phoenix BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $61.63
- Price spread: −0.026% → +0.067%
- −$9.29
- Slippage, 4 orders
- −$18.25
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $9.1
- Costs to cover
- 0.432%
- Break-even
- 6.0 days
Slippage from tradeXYZ: live order book, 8 min ago; Phoenix: live order book, 65 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 | 0.86 bp | 11.7 bp −$12 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 65 min ago | 2.58 bp | 10.5 bp −$10 | 21.8 bp −$218 | 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 | 116.90 | −0.059% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.07 | +0.085% | $2.2M | $597K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.02 | +0.043% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.08 | +0.094% | $2.5M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.91 | −0.051% | $3K | $233K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.28 | +0.265% | $636 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.87 | −0.085% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.14 | +0.145% | $386K | $51K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.00 | +0.026% | $423K | $516K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.966% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.03 | +0.051% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 116.97 | long leg | $12.3M | $3.4M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.90 | −0.060% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.40 | +0.368% | $238K | $359K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 117.01 | +0.034% | $1.2M | $4.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.01 | +0.034% | $608K | $538K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.32 | +0.299% | $1K | $1K | 10x | as long as short |
| Variational Omni BABA | +0.0155% | 8h | 117.28 | +0.265% | $303K | $619K | — | as long as short |
| Extended BABA_24_5-USD | +0.0208% | 1h | 117.01 | +0.034% | $47K | $366K | 10x | as long as short |
| Binance BABAUSDT | +0.0211% | 8h | 117.03 | +0.053% | $15.5M | $22.9M | 20x | as long as short |
| Phoenix BABAshort | +0.0343% | 1h | 116.94 | −0.026% | $65K | $133K | 10x | |
| Arcus BABA-USD | +0.0626% | 1h | 117.06 | +0.077% | $74K | $102K | 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
Extended BABA_24_5-USD
Binance BABAUSDT
Arcus BABA-USD