Funding you earn now, next payment 00:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.13 per $10,000 · paid last 24h −0.009%
Price spread now: Polymarket Perps against tradeXYZ−0.026%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.026%, 7d avg +0.026%
=Together, before fees+0.037%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Polymarket Perps is 0.052% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 116.22 | 0.0156 | pay 0.0019% / 1h | 40m 30s | $12.1M | $3.1M | 10x |
| Short | Polymarket Perps BABA-USD | 116.19 | 0.0050 | get 0.0006% / 1h | 40m 30s | $10K | $263K | 10x |
tradeXYZ xyz:BABA
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$22.16
- Price spread: −0.026% → +0.026%
- −$5.23
- Slippage, 4 orders
- −$10.98
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$64.36
- Costs to cover
- 0.370%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 8 min ago; Polymarket Perps: live order book, 36 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 | 0.43 bp | 10.2 bp −$10 | 15.7 bp −$157 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 36 min ago | 3.45 bp | 7.4 bp −$7 | 7.4 bp −$74 | 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 | 116.25 | +0.023% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.29 | +0.060% | $2.2M | $595K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.31 | +0.077% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.31 | +0.077% | $2.5M | $1.4M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.29 | +0.060% | $884 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.42 | +0.172% | $37K | $2K | 20x | as long as short |
| Variational Omni BABA | +0.0006% | 8h | 116.25 | +0.026% | $300K | $620K | — | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.28 | +0.052% | $447K | $580K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.327% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.20 | −0.017% | — | $9K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Variational Omni BABA
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX BABA-USD | +0.0047% | 1h | 116.27 | +0.043% | $1.2M | $5.2M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 116.19 | −0.026% | $10K | $263K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.04 | −0.155% | $243K | $352K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0059% | 8h | 116.34 | +0.103% | $2K | $248K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.22 | 0.000% | $603K | $602K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.30 | +0.069% | $2K | $1K | 10x | as long as short |
| Lighter BABA | +0.0112% | 1h | 116.43 | +0.181% | $385K | $49K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0112% | 1h | 116.28 | +0.051% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0119% | 8h | 116.26 | +0.034% | $15.3M | $21.3M | 20x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0156% | 1h | 116.22 | long leg | $12.1M | $3.1M | 10x | |
| Phoenix BABA | +0.0276% | 1h | 116.34 | +0.103% | $65K | $143K | 10x | as long as short |
| Arcus BABA-USD | +0.0394% | 1h | 116.28 | +0.052% | $78K | $94K | 10x | as long as short |
QFEX BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Lighter BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Arcus BABA-USD