Funding you earn now, next payment 07:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h +0.060%
Price spread now: Phoenix against Vest+0.009%58s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BABA-USD-PERP | 116.64 | 0.0046 | pay 0.0006% / 1h | 38m 04s | — | $19K | 10x |
| Short | Phoenix BABA | 116.65 | 0.0205 | get 0.0026% / 1h | 38m 04s | $65K | $89K | 10x |
Vest BABA-USD-PERP
Phoenix BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Vest. 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
- $33.54
- Price spread: +0.009% → 0.000%
- $0.86
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $25.4
- Costs to cover
- 0.090%
- Break-even
- 1.7 days
Slippage unknown: Vest: no order-book sample; Phoenix: 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 Vest no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Vest and Phoenix: 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 | 116.61 | −0.022% | $68K | $37K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.71 | +0.060% | $2.1M | $718K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.75 | +0.094% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.72 | +0.069% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.71 | +0.060% | $760 | $3.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.72 | +0.069% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0012% | 8h | 116.71 | +0.060% | $2K | $190K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.75 | +0.094% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.69 | +0.043% | $434K | $503K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.686% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BABA | +0.0039% | 8h | 116.69 | +0.041% | $336K | $779K | — | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.60 | −0.034% | $70K | $140K | 10x | as long as short |
| QFEX BABA-USD | +0.0044% | 1h | 116.73 | +0.077% | $1.3M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERPlong | +0.0046% | 1h | 116.64 | long leg | — | $19K | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.66 | +0.017% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.65 | +0.009% | $229K | $427K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0055% | 1h | 116.63 | −0.009% | $11.7M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.63 | −0.009% | $607K | $382K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.69 | +0.043% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0102% | 8h | 116.72 | +0.069% | $15.1M | $32.3M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.69 | +0.042% | $47K | $312K | 10x | as long as short |
| Phoenix BABAshort | +0.0205% | 1h | 116.65 | +0.009% | $65K | $89K | 10x |
Variational Omni BABA
Arcus BABA-USD
QFEX BABA-USD
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD