Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.141%
Price spread now: Gate against Arcus+0.051%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$580.585% of the position
Funding, last 4 days (all we have)−0.180%−$18 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.051%, 7d avg +0.014%
=The price spread pays, funding is against you. Gate is 0.037% dearer against Arcus than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.014%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 4 days (−0.180% in total) that is about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BABA-USD | 117.06 | 0.0040 | pay 0.0005% / 1h | 28m 01s | $70K | $136K | 10x |
| Short | Gate BABA_USDT | 117.12 | 0 | get 0.0000% / 8h | 7h 28m | $1.5M | $1.9M | 50x |
Arcus BABA-USD
Gate BABA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$8.46
- Price spread: +0.051% → +0.014%
- $3.75
- Slippage, 4 orders
- −$38.98
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$63.19
- Costs to cover
- 0.585%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 61 min ago; Gate: 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 Arcus live order book, 61 min ago | 1.71 bp | 16.9 bp −$17 | 21.1 bp −$211 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 2.56 bp | 13.9 bp −$14 | 85.4 bp −$854 | 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 | 117.06 | −0.003% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.10 | +0.034% | $2.1M | $725K | 25x | as long as short |
| Gate BABA_USDTshort | 0.0000% | 8h | 117.12 | +0.051% | $1.5M | $1.9M | 50x | |
| Bitget BABAUSDT | 0.0000% | 8h | 117.09 | +0.026% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.13 | +0.060% | $837 | $2.8M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.21 | +0.128% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.22 | +0.137% | $373K | $71K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.13 | +0.060% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.042% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDlong | +0.0040% | 1h | 117.06 | long leg | $70K | $136K | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
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 | 117.10 | +0.034% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.00 | −0.051% | $8K | $281K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.98 | −0.068% | $231K | $419K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.12 | +0.051% | $1.2M | $2.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.08 | +0.017% | $612K | $416K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.14 | +0.068% | $2K | $798 | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0105% | 1h | 117.05 | −0.009% | $12.0M | $4.6M | 10x | as long as short |
| Variational Omni BABA | +0.0151% | 8h | 117.20 | +0.120% | $337K | $722K | — | as long as short |
| Binance BABAUSDT | +0.0197% | 8h | 117.14 | +0.071% | $15.3M | $31.3M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0200% | 1h | 117.11 | +0.041% | $47K | $312K | 10x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 117.18 | +0.103% | $66K | $89K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0380% | 8h | 117.23 | +0.144% | $3K | $182K | 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
tradeXYZ xyz:BABA
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
GRVT BABA_USDT_Perp