Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against Bybit−0.134%57s7-day average −0.100% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 4 days (all we have)+0.205%+$20 · spread now −0.134%, 7d avg −0.100%
=Together, before fees+0.346%+ Points / potential airdropOndo Perps: Active · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.034% cheaper against Bybit than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.100%). If the spread goes back, that is −$3 on $10k: about 2.3 days of funding at the current rate (+$2 a day). The two prices were read 57 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 | 119.26 | 0 | get 0.0000% / 8h | 5h 02m | $2.2M | $645K | 25x |
| Short | Ondo Perps BABA-USD.P | 119.10 | 0.0050 | get 0.0006% / 1h | 2m 47s | $240K | $402K | 10x |
Bybit BABAUSDT
Ondo Perps BABA-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.58
- Price spread: −0.134% → −0.100%
- −$3.41
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$8.82
- Costs to cover
- 0.160%
- Break-even
- 12.8 days
Slippage unknown: Bybit: live order book, 4 min ago; Ondo Perps: 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, 4 min ago | 4.19 bp | 16.8 bp −$17 | 89.5 bp −$895 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | 119.26 | 0.000% | $78K | $31K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 119.26 | long leg | $2.2M | $645K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 119.29 | +0.025% | $1.5M | $1.8M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.25 | −0.008% | $3K | $217K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.22 | −0.034% | $1K | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.28 | +0.017% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.34 | +0.067% | $380K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.29 | +0.025% | $429K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.868% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.23 | −0.025% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
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 | 119.26 | 0.000% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.22 | −0.034% | $12.0M | $4.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.15 | −0.092% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.Pshort | +0.0050% | 1h | 119.10 | −0.134% | $240K | $402K | 10x | |
| QFEX BABA-USD | +0.0061% | 1h | 119.18 | −0.067% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABA | +0.0081% | 8h | 119.21 | −0.045% | $268K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.26 | 0.000% | $621K | $503K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.23 | −0.025% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 119.29 | +0.027% | $44K | $363K | 10x | as long as short |
| Binance BABAUSDT | +0.0137% | 8h | 119.30 | +0.031% | $15.7M | $29.4M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 119.21 | −0.042% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0955% | 8h | 119.28 | +0.017% | $2.5M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT