Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: Bybit against Injective+0.449%98s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Bybit is 0.449% dearer against Injective than usual: you sell high and buy low (spread +0.449% now, against zero (this spread has no 7-day history yet)): +$45 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 45 days. The two prices were read 98 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 | Injective BABA/USDC PERP | 115.84 | 0.0033 | pay 0.0004% / 1h | 19m 46s | $11K | $26K | 12x |
| Short | Bybit BABAUSDT | 116.36 | 0 | get 0.0000% / 8h | 19m 46s | $2.2M | $601K | 25x |
Injective BABA/USDC PERP
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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: +0.449% → 0.000%
- $44.89
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $26.87
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 2 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 4.73 bp | 15.8 bp −$16 | 92.7 bp −$927 | doesn't fit | doesn't fit |
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 | 116.28 | +0.382% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 116.36 | +0.449% | $2.2M | $601K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 116.37 | +0.458% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.37 | +0.458% | $2.5M | $1.4M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.36 | +0.449% | $699 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.38 | +0.466% | $37K | $2K | 20x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.36 | +0.449% | $446K | $590K | 10x | as long as short |
| Injective BABA/USDC PERPlong | +0.0033% | 1h | 115.84 | long leg | $11K | $26K | 12x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.24 | +0.345% | — | $9K | 10x | as long as short |
| QFEX BABA-USD | +0.0047% | 1h | 116.33 | +0.423% | $1.2M | $5.2M | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Vest BABA-USD-PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.25 | +0.354% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.10 | +0.224% | $242K | $353K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.26 | +0.363% | $603K | $583K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.35 | +0.440% | $2K | $1K | 10x | as long as short |
| Variational Omni BABA | +0.0101% | 8h | 116.32 | +0.414% | $301K | $620K | — | as long as short |
| GRVT BABA_USDT_Perp | +0.0109% | 8h | 116.30 | +0.400% | $2K | $246K | 10x | as long as short |
| Lighter BABA | +0.0112% | 1h | 116.55 | +0.613% | $385K | $50K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0142% | 1h | 116.29 | +0.388% | $12.1M | $3.1M | 10x | as long as short |
| Binance BABAUSDT | +0.0184% | 8h | 116.38 | +0.467% | $15.4M | $21.9M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0184% | 1h | 116.37 | +0.454% | $42K | $383K | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.36 | +0.449% | $65K | $143K | 10x | as long as short |
| Arcus BABA-USD | +0.0394% | 1h | 116.36 | +0.449% | $77K | $97K | 10x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
GRVT BABA_USDT_Perp
Lighter BABA
tradeXYZ xyz:BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Arcus BABA-USD