BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0142%/8h= −15.5% APRnext payment −$0.18 per $10,000 · paid last 24h −0.053%

Price spread now: Polymarket Perps against Extended−0.024%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$370.372% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.024%, 7d avg −0.041%

Together, before fees−0.085%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BABA_24_5-USD	116.69	0.0192	pay 0.0024% / 1h	16m 22s	$43K	$366K	10x
Short	Polymarket Perps BABA-USD	116.66	0.0050	get 0.0006% / 1h	16m 22s	$10K	$264K	10x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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latest

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

Position, each leg$Hold fordaysFee ExtendedbpFee Polymarket PerpsbpOrdersPrice spread, now −0.024%Rate

Slippage from Extended: live order book, 51 min ago; Polymarket Perps: live order book, 51 min ago.

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, 51 min ago	1.71 bp	11.2 bp −$11	133.0 bp −$1,330	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 51 min ago	2.57 bp	7.4 bp −$7	7.4 bp −$74	doesn't fit	doesn't fit

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	116.86	+0.146%	$77K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.77	+0.070%	$2.1M	$556K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.73	+0.036%	$1.5M	$1.6M	50x	as long as short
SunX BABA-USDT	0.0000%	8h	116.87	+0.156%	$731	$3.8M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.22	+0.456%	$37K	$2K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0003%	8h	117.21	+0.450%	$3K	$224K	10x	as long as short
Lighter BABA	+0.0032%	1h	116.74	+0.045%	$384K	$45K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	116.83	+0.122%	$423K	$499K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.727%	$11K	$26K	12x	as long as short
QFEX BABA-USD	+0.0035%	1h	116.72	+0.028%	$1.2M	$4.5M	10x	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	116.94	+0.216%	$74K	$100K	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.72	+0.028%	—	$18K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.63	−0.050%	$12.1M	$3.5M	10x	as long as short
Polymarket Perps BABA-USDshort	+0.0050%	1h	116.66	−0.024%	$10K	$264K	10x
Ondo Perps BABA-USD.P	+0.0050%	1h	116.60	−0.075%	$239K	$366K	10x	as long as short
Bitget BABAUSDT	+0.0078%	8h	116.80	+0.096%	$2.5M	$1.3M	20x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.64	−0.041%	$608K	$529K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.74	+0.045%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0138%	8h	117.23	+0.467%	$264K	$658K	—	as long as short
Extended BABA_24_5-USDlong	+0.0192%	1h	116.69	long leg	$43K	$366K	10x
Binance BABAUSDT	+0.0194%	8h	116.75	+0.053%	$15.6M	$23.5M	20x	as long as short
Phoenix BABA	+0.0205%	1h	116.83	+0.122%	$65K	$71K	10x	as long as short