BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.011%

Price spread now: Phoenix against Extended−0.061%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.061% cheaper against Extended than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BABA_24_5-USD	116.91	0.0120	pay 0.0015% / 1h	19m 18s	$44K	$308K	10x
Short	Phoenix BABA	116.84	0.0204	get 0.0026% / 1h	19m 18s	$65K	$89K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee PhoenixbpOrdersPrice spread, now −0.061%Rate

Funding earned: $17.7
Price spread: −0.061% → 0.000%: −$6.1
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$0.4
Costs to cover: 0.120%
Break-even: 7.2 days

Slippage unknown: Extended: live order book, 23 min ago; Phoenix: 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 Extended live order book, 23 min ago	3.42 bp	13.0 bp −$13	138.0 bp −$1,380	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	117.11	+0.170%	$69K	$36K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.95	+0.033%	$2.1M	$734K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.96	+0.042%	$1.5M	$2.1M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.96	+0.042%	$2.4M	$1.8M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.96	+0.042%	$799	$3.3M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.86	−0.044%	$30K	$19K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0022%	8h	116.89	−0.019%	$2K	$194K	10x	as long as short
Lighter BABA	+0.0032%	1h	116.97	+0.050%	$372K	$72K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	116.93	+0.016%	$434K	$511K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.916%	$11K	$26K	12x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BABA-USD	+0.0040%	1h	116.88	−0.027%	$71K	$110K	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.95	+0.033%	—	$19K	10x	as long as short
Variational Omni BABA	+0.0048%	8h	116.93	+0.020%	$364K	$753K	—	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.90	−0.010%	$11.7M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.89	−0.018%	$8K	$285K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.82	−0.078%	$227K	$421K	10x	as long as short
QFEX BABA-USD	+0.0063%	1h	116.94	+0.025%	$1.2M	$3.1M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.86	−0.044%	$608K	$387K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.94	+0.025%	$2K	$798	10x	as long as short
Binance BABAUSDT	+0.0117%	8h	116.95	+0.031%	$15.1M	$32.5M	20x	as long as short
Extended BABA_24_5-USDlong	+0.0120%	1h	116.91	long leg	$44K	$308K	10x
Phoenix BABAshort	+0.0204%	1h	116.84	−0.061%	$65K	$89K	10x