Funding you earn now, next payment 07:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%
Price spread now: Injective against Bybit−0.924%108s7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. Injective is 0.924% cheaper against Bybit than usual: you would sell low and buy high (spread −0.924% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$92 on $10k: about 3 months of funding at the current rate (+$1 a day). The two prices were read 108 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 | Bybit BABAUSDT | 116.92 | 0 | get 0.0000% / 8h | 1h 23m | $2.1M | $733K | 25x |
| Short | Injective BABA/USDC PERP | 115.84 | 0.0033 | get 0.0004% / 1h | 23m 35s | $11K | $26K | 12x |
Bybit BABAUSDT
Injective BABA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- $7
- Price spread: −0.924% → 0.000%
- −$92.37
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$96.39
- Costs to cover
- 0.110%
- Break-even
- 103.4 days
Slippage unknown: Bybit: live order book, 3 min ago; Injective: 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 Bybit live order book, 3 min ago | 2.99 bp | 19.4 bp −$19 | 83.9 bp −$839 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 116.96 | +0.033% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 116.92 | long leg | $2.1M | $733K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 116.89 | −0.026% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.87 | −0.043% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.83 | −0.077% | $645 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.86 | −0.051% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0027% | 8h | 116.77 | −0.129% | $2K | $194K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.89 | −0.026% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.82 | −0.086% | $433K | $511K | 10x | as long as short |
| Injective BABA/USDC PERPshort | +0.0033% | 1h | 115.84 | −0.924% | $11K | $26K | 12x |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABAShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 116.77 | −0.128% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.86 | −0.051% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.77 | −0.128% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.77 | −0.128% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.61 | −0.265% | $227K | $419K | 10x | as long as short |
| Variational Omni BABA | +0.0053% | 8h | 116.82 | −0.086% | $364K | $753K | — | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 116.86 | −0.051% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.74 | −0.154% | $608K | $391K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.82 | −0.086% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0120% | 8h | 116.89 | −0.023% | $15.1M | $32.5M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0120% | 1h | 116.85 | −0.059% | $44K | $308K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 116.77 | −0.128% | $65K | $89K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA