Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against Gate−0.103%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$470.468% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 3 days (all we have)+0.050%+$5 · spread now −0.103%, 7d avg −0.059%
=Funding pays, the price is against you. Polymarket Perps is 0.044% cheaper against Gate than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.059%). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BABA_USDT | 116.96 | 0 | get 0.0000% / 8h | 7h 03m | $1.4M | $1.6M | 50x |
| Short | Polymarket Perps BABA-USD | 116.84 | 0.0050 | get 0.0006% / 1h | 3m 21s | $10K | $264K | 10x |
Gate BABA_USDT
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Gate. 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
- $10.5
- Price spread: −0.103% → −0.059%
- −$4.37
- Slippage, 4 orders
- −$23.79
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$40.66
- Costs to cover
- 0.468%
- Break-even
- 34.1 days
Slippage from Gate: live order book, 4 min ago; Polymarket Perps: live order book, 4 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 Gate live order book, 4 min ago | 3.00 bp | 17.9 bp −$18 | 157.9 bp −$1,579 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 2.57 bp | 7.4 bp −$7 | 7.4 bp −$74 | 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 | 116.77 | −0.162% | $76K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.99 | +0.026% | $2.2M | $580K | 25x | as long as short |
| Gate BABA_USDTlong | 0.0000% | 8h | 116.96 | long leg | $1.4M | $1.6M | 50x | |
| Bitget BABAUSDT | 0.0000% | 8h | 116.96 | 0.000% | $2.5M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.91 | −0.042% | $3K | $233K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.95 | −0.009% | $724 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.82 | −0.120% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.05 | +0.077% | $387K | $50K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.91 | −0.043% | $422K | $514K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.958% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.89 | −0.060% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.86 | −0.085% | $12.2M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 116.84 | −0.103% | $10K | $264K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.74 | −0.188% | $234K | $357K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.91 | −0.043% | $1.2M | $4.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.82 | −0.120% | $606K | $539K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.96 | 0.000% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0140% | 8h | 116.80 | −0.134% | $302K | $619K | — | as long as short |
| Binance BABAUSDT | +0.0206% | 8h | 116.95 | −0.009% | $15.4M | $22.5M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0208% | 1h | 116.90 | −0.049% | $47K | $365K | 10x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.94 | −0.017% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.84 | −0.103% | $73K | $102K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Arcus BABA-USD