Funding you earn now, next payment 07:00 UTC+0.0165%/8h= +18.1% APRnext payment +$0.21 per $10,000 · paid last 24h −0.067%
Price spread now: Phoenix against Arcus+0.060%109s7-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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.060% dearer against Arcus than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 109 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 | Arcus BABA-USD | 116.62 | 0.0040 | pay 0.0005% / 1h | 35m 40s | $70K | $140K | 10x |
| Short | Phoenix BABA | 116.69 | 0.0205 | get 0.0026% / 1h | 35m 40s | $65K | $89K | 10x |
Arcus BABA-USD
Phoenix BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $34.68
- Price spread: +0.060% → 0.000%
- $6
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $29.18
- Costs to cover
- 0.115%
- Break-even
- 1.1 days
Slippage unknown: Arcus: live order book, 58 min ago; 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 Arcus live order book, 58 min ago | 5.56 bp | 13.3 bp −$13 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | 116.64 | +0.017% | $68K | $37K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.78 | +0.137% | $2.1M | $718K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.78 | +0.137% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.74 | +0.103% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.75 | +0.111% | $887 | $3.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.88 | +0.223% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0013% | 8h | 116.71 | +0.077% | $2K | $190K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.78 | +0.137% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.71 | +0.077% | $434K | $503K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.669% | $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 | +0.0040% | 8h | 116.74 | +0.101% | $336K | $779K | — | as long as short |
| Arcus BABA-USDlong | +0.0040% | 1h | 116.62 | long leg | $70K | $140K | 10x | |
| QFEX BABA-USD | +0.0044% | 1h | 116.75 | +0.111% | $1.3M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.66 | +0.034% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.68 | +0.051% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.64 | +0.017% | $229K | $427K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0057% | 1h | 116.64 | +0.017% | $11.7M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.66 | +0.034% | $606K | $382K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.70 | +0.069% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.68 | +0.049% | $47K | $312K | 10x | as long as short |
| Binance BABAUSDT | +0.0105% | 8h | 116.71 | +0.077% | $15.1M | $32.3M | 20x | as long as short |
| Phoenix BABAshort | +0.0205% | 1h | 116.69 | +0.060% | $65K | $89K | 10x |
Variational Omni BABA
QFEX BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT