BABA

Alert

Funding spread now, next payment 00:00 UTC−0.0239%/8h

next payment, per $10,000−$2.39paid, last 24h−0.052%paid, last 3 days+0.052%to open and close $10k−$46

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.052% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BABAUSDT	115.21	0.0239	pay 0.0239% / 8h	7h 52m	$15.6M	$18.1M	20x
Short	Gate BABA_USDT	115.23	0	get 0.0000% / 8h	7h 52m	$1.4M	$1.4M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersRate

Funding earned: −$50.09
Slippage, 4 orders: −$21.15
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$96.24
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Gate: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.020%
Avg gap 7d: +0.002%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Binance live order book, 4 min ago	1.30 bp	9.3 bp −$9	21.7 bp −$217	88.4 bp −$8,842	doesn't fit
Sell Gate live order book, 1 min ago	3.04 bp	15.9 bp −$16	45.0 bp −$450	doesn't fit	doesn't fit

BABA on 21 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster BABAUSDT	0.0000%	8h	$81K	$14K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	$2.2M	$549K	25x	as long as short
Gate BABA_USDTshort	0.0000%	8h	$1.4M	$1.4M	50x
SunX BABA-USDT	0.0000%	8h	$688	$4.1M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	$37K	$2K	20x	as long as short
Lighter BABA	+0.0032%	1h	$381K	$37K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	$468K	$410K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0043%	1h	$79K	$74K	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	—	$9K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
QFEX BABA-USD	+0.0047%	1h	$1.2M	$4.8M	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	$12.1M	$2.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	$6K	$249K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	$304K	$254K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	$598K	$915K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	$2K	$1K	10x	as long as short
Bitget BABAUSDT	+0.0189%	8h	$2.7M	$1.1M	20x	as long as short
Variational Omni BABA	+0.0202%	8h	$355K	$517K	—	as long as short
Phoenix BABA	+0.0208%	1h	$78K	$129K	10x	as long as short
Binance BABAUSDTlong	+0.0239%	8h	$15.6M	$18.1M	20x
Extended BABA_24_5-USD	+0.0240%	1h	$18K	$359K	10x	as long as short