Funding you earn now, next payment 07:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h −0.057%
Price spread now: Polymarket Perps against Binance−0.043%56s7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$300.303% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.043%, 7d avg −0.080%
=The price spread pays, funding is against you. Polymarket Perps is 0.037% dearer against Binance than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.080%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 7 days (−0.034% in total) that is about 7.6 days. The two prices were read 56 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 | Binance BABAUSDT | 116.96 | 0.0121 | pay 0.0121% / 8h | 1h 21m | $15.1M | $32.5M | 20x |
| Short | Polymarket Perps BABA-USD | 116.91 | 0.0050 | get 0.0006% / 1h | 21m 35s | $8K | $285K | 10x |
Binance BABAUSDT
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Binance. 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
- −$14.87
- Price spread: −0.043% → −0.080%
- $3.73
- Slippage, 4 orders
- −$12.25
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$41.39
- Costs to cover
- 0.303%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Polymarket Perps: live order book, 20 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 Binance live order book, 5 min ago | 0.86 bp | 7.9 bp −$8 | 17.3 bp −$173 | 89.6 bp −$8,956 | doesn't fit |
| Sell Polymarket Perps live order book, 20 min ago | 0.43 bp | 7.8 bp −$8 | 7.8 bp −$78 | 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 | +0.085% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.97 | +0.009% | $2.1M | $734K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.95 | −0.009% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.96 | 0.000% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.99 | +0.026% | $729 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.86 | −0.085% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0022% | 8h | 116.89 | −0.061% | $2K | $194K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.01 | +0.043% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.93 | −0.026% | $434K | $511K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.958% | $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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 116.85 | −0.094% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.94 | −0.017% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.89 | −0.060% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 116.91 | −0.043% | $8K | $285K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.82 | −0.120% | $227K | $421K | 10x | as long as short |
| Variational Omni BABA | +0.0053% | 8h | 116.82 | −0.120% | $364K | $753K | — | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 116.95 | −0.009% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.80 | −0.137% | $607K | $389K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.93 | −0.026% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0120% | 1h | 116.93 | −0.024% | $44K | $308K | 10x | as long as short |
| Binance BABAUSDTlong | +0.0121% | 8h | 116.96 | long leg | $15.1M | $32.5M | 20x | |
| Phoenix BABA | +0.0204% | 1h | 116.77 | −0.162% | $65K | $89K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
Variational Omni BABA
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Phoenix BABA