Funding you earn now, next payment 03:00 UTC+0.0118%/8h= +13.0% APRpaid last 24h −0.069%
Price spread now: Binance against Arcus−0.013%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$410.407% of the position
Funding, last 4 days (all we have)−0.163%−$16 on $10k
+Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.013%, 7d avg +0.028%
=Funding pays, the price is against you. Binance is 0.041% cheaper against Arcus than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.028%). If the spread goes back, that is −$4 on $10k: about 28 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 4 days funding on this pair cost −0.163%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BABA-USD | 119.86 | 0.0040 | pay 0.0005% / 1h | 28m 47s | $73K | $109K | 10x |
| Short | Binance BABAUSDT | 119.84 | 0.0159 | get 0.0159% / 8h | 5h 28m | $16.1M | $27.2M | 20x |
Arcus BABA-USD
Binance BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Arcus. 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
- $24.87
- Price spread: −0.013% → +0.028%
- −$4.1
- Slippage, 4 orders
- −$26.2
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$19.93
- Costs to cover
- 0.407%
- Break-even
- 12.6 days
Slippage from Arcus: live order book, 25 min ago; Binance: live order book, 12 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 Arcus live order book, 25 min ago | 1.70 bp | 10.0 bp −$10 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.42 bp | 9.4 bp −$9 | 19.9 bp −$199 | 90.1 bp −$9,006 | 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 | 119.97 | +0.090% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.94 | +0.067% | $2.2M | $642K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 120.02 | +0.133% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.88 | +0.014% | $3K | $219K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 120.08 | +0.184% | $555 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 120.34 | +0.400% | $35K | $8K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.92 | +0.050% | $382K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.83 | −0.025% | $431K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −3.354% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDlong | +0.0040% | 1h | 119.86 | long leg | $73K | $109K | 10x |
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 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 | 120.34 | +0.400% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.76 | −0.083% | $12.1M | $3.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 120.35 | +0.409% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 120.23 | +0.309% | $243K | $395K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 120.22 | +0.300% | $1.2M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.84 | −0.017% | $623K | $513K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 120.23 | +0.309% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0101% | 8h | 119.88 | +0.013% | $270K | $658K | — | as long as short |
| Binance BABAUSDTshort | +0.0159% | 8h | 119.84 | −0.013% | $16.1M | $27.2M | 20x | |
| Extended BABA_24_5-USD | +0.0160% | 1h | 119.81 | −0.043% | $44K | $368K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 120.05 | +0.159% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0855% | 8h | 119.83 | −0.025% | $2.5M | $1.4M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
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
Phoenix BABA
Bitget BABAUSDT