Funding you earn now, next payment 08:00 UTC−0.0306%/8h= −33.5% APRnext payment −$3.06 per $10,000 · paid last 24h −0.020%
Price spread now: Bybit against Bitget+0.025%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$600.599% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now +0.025%, 7d avg −0.006%
=The price spread pays, funding is against you. Bybit is 0.031% dearer against Bitget than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.006%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.026% in total) that is about 8.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.06 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 | Bitget BABAUSDT | 118.45 | 0.0306 | pay 0.0306% / 8h | 3h 27m | $2.4M | $1.7M | 20x |
| Short | Bybit BABAUSDT | 118.48 | 0 | get 0.0000% / 8h | 3h 27m | $2.1M | $704K | 25x |
Bitget BABAUSDT
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- −$64.26
- Price spread: +0.025% → −0.006%
- $3.11
- Slippage, 4 orders
- −$36.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$121.06
- Costs to cover
- 0.599%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 5 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 Bitget live order book, 5 min ago | 1.69 bp | 14.8 bp −$15 | 23.3 bp −$233 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.95 bp | 13.4 bp −$13 | 95.9 bp −$959 | 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 | 118.38 | −0.055% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 118.48 | +0.025% | $2.1M | $704K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 118.48 | +0.025% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.46 | +0.008% | $739 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.48 | +0.025% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0022% | 8h | 118.50 | +0.041% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.54 | +0.076% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.45 | 0.000% | $438K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.203% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.42 | −0.025% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.49 | +0.034% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.39 | −0.051% | $12.0M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.40 | −0.042% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.30 | −0.127% | $238K | $406K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.43 | −0.017% | $1.2M | $3.8M | 10x | as long as short |
| Variational Omni BABA | +0.0066% | 8h | 118.51 | +0.054% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.30 | −0.127% | $616K | $459K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.47 | +0.017% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0143% | 8h | 118.47 | +0.016% | $15.7M | $30.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.44 | −0.009% | $43K | $354K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.43 | −0.017% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDTlong | +0.0306% | 8h | 118.45 | long leg | $2.4M | $1.7M | 20x |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
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