Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.020%
Price spread now: SunX against tradeXYZ+0.034%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1491.492% of the position
Funding, last 7 days−0.175%−$18 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now +0.034%, 7d avg +0.096%
=Together, before fees−0.062%+ Points / potential airdroptradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.062% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.096%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 117.25 | 0.0050 | pay 0.0006% / 1h | 52m 34s | $11.8M | $4.4M | 10x |
| Short | SunX BABA-USDT | 117.29 | 0 | get 0.0000% / 8h | 1h 52m | $1K | $3.3M | 20x |
tradeXYZ xyz:BABA
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.034% → +0.096%
- −$6.21
- Slippage, 4 orders
- −$123.2
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$165.91
- Costs to cover
- 1.492%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; SunX: live order book, 5 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, 5 min ago | 1.28 bp | 10.8 bp −$11 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 22.93 bp | 85.1 bp −$85 | doesn't fit | 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 | 117.47 | +0.185% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.27 | +0.017% | $2.1M | $732K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.34 | +0.077% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.32 | +0.060% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 117.29 | +0.034% | $1K | $3.3M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 117.54 | +0.247% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.37 | +0.102% | $373K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.32 | +0.060% | $435K | $510K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.203% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.36 | +0.094% | $71K | $110K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
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 | 117.35 | +0.085% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 117.25 | long leg | $11.8M | $4.4M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.26 | +0.009% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.20 | −0.043% | $238K | $417K | 10x | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 117.32 | +0.060% | $1.2M | $3.1M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0066% | 8h | 117.45 | +0.173% | $2K | $194K | 10x | as long as short |
| Variational Omni BABA | +0.0094% | 8h | 117.47 | +0.187% | $264K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.22 | −0.026% | $610K | $411K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.27 | +0.017% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0157% | 8h | 117.32 | +0.056% | $15.5M | $32.0M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 117.28 | +0.028% | $44K | $352K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 117.38 | +0.111% | $66K | $89K | 10x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
GRVT BABA_USDT_Perp
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA