Funding you earn now, next payment 03:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.119%
Price spread now: tradeXYZ against Arcus−0.201%7-day average −0.077% · 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−$57as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 4 days (all we have)−0.180%−$18 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.201%, 7d avg −0.077%
=Together, before fees−0.120%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.124% cheaper against Arcus than usual: you would sell low and buy high (spread −0.201% now, against its 7-day average of −0.077%). If the spread goes back, that is −$12 on $10k: about 42 days of funding at the current rate ($0 a day). Mind the row above: over the last 4 days funding on this pair cost −0.180%, 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 | 119.29 | 0.0040 | pay 0.0005% / 1h | 24m 25s | $72K | $109K | 10x |
| Short | tradeXYZ xyz:BABA | 119.05 | 0.0050 | get 0.0006% / 1h | 24m 25s | $12.0M | $3.9M | 10x |
Arcus BABA-USD
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $2.04
- Price spread: −0.201% → −0.077%
- −$12.38
- Slippage, 4 orders
- −$22.53
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$55.37
- Costs to cover
- 0.450%
- Break-even
- 196.9 days
Slippage from Arcus: live order book, 29 min ago; tradeXYZ: live order book, 3 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, 29 min ago | 1.70 bp | 10.0 bp −$10 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 1.68 bp | 11.6 bp −$12 | 16.7 bp −$167 | 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 | 119.17 | −0.104% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.10 | −0.159% | $2.2M | $635K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.07 | −0.184% | $1.5M | $1.8M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.39 | +0.082% | $3K | $218K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.09 | −0.168% | $673 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.19 | −0.084% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.11 | −0.151% | $380K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.01 | −0.235% | $428K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.892% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDlong | +0.0040% | 1h | 119.29 | long leg | $72K | $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 | 119.16 | −0.109% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 119.05 | −0.201% | $12.0M | $3.9M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.00 | −0.243% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.02 | −0.226% | $238K | $395K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 119.04 | −0.210% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABA | +0.0092% | 8h | 119.27 | −0.020% | $268K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.10 | −0.159% | $620K | $512K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.19 | −0.084% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0145% | 8h | 119.20 | −0.075% | $15.6M | $27.9M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0152% | 1h | 119.05 | −0.202% | $44K | $368K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 120.05 | +0.637% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0919% | 8h | 119.10 | −0.159% | $2.5M | $1.5M | 20x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT