Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.126%
Price spread now: Ondo Perps against Arcus−0.051%7-day average −0.094% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.145%−$15 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.051%, 7d avg −0.094%
=Together, before fees−0.131%+ Points / potential airdropOndo Perps: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Ondo Perps is 0.042% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.094%. Mind the row above: over the last 4 days funding on this pair cost −0.145%, 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 | 116.73 | 0.0040 | pay 0.0005% / 1h | 53m 13s | $70K | $140K | 10x |
| Short | Ondo Perps BABA-USD.P | 116.67 | 0.0050 | get 0.0006% / 1h | 53m 13s | $229K | $427K | 10x |
Arcus BABA-USD
Ondo Perps BABA-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $2.13
- Price spread: −0.051% → −0.094%
- $4.25
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$3.13
- Costs to cover
- 0.095%
- Break-even
- 17.3 days
Slippage unknown: Arcus: live order book, 41 min ago; Ondo Perps: 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 Arcus live order book, 41 min ago | 5.56 bp | 13.3 bp −$13 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | 116.66 | −0.057% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.58 | −0.129% | $2.1M | $719K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.70 | −0.026% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.62 | −0.094% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.56 | −0.146% | $1K | $3.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.82 | +0.077% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0006% | 8h | 116.79 | +0.048% | $3K | $193K | 10x | as long as short |
| Variational Omni BABA | +0.0026% | 8h | 116.81 | +0.071% | $364K | $747K | — | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.66 | −0.060% | $371K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.60 | −0.111% | $434K | $503K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Variational Omni BABA
Lighter BABA
Lighter RH BABAShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.762% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDlong | +0.0040% | 1h | 116.73 | long leg | $70K | $140K | 10x | |
| QFEX BABA-USD | +0.0044% | 1h | 116.69 | −0.034% | $1.3M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.63 | −0.086% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.54 | −0.163% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.57 | −0.137% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.Pshort | +0.0050% | 1h | 116.67 | −0.051% | $229K | $427K | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.65 | −0.069% | $607K | $381K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.56 | −0.146% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0100% | 8h | 116.62 | −0.096% | $15.1M | $32.5M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.54 | −0.164% | $44K | $293K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.77 | +0.034% | $65K | $89K | 10x | as long as short |
Injective BABA/USDC PERP
QFEX BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA