Funding you earn now, next payment 09:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: Gate against Injective+1.200%84s7-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. Gate is 1.200% dearer against Injective than usual: you sell high and buy low (spread +1.200% now, against zero (this spread has no 7-day history yet)): +$120 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months. The two prices were read 84 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 | 21m 56s | $11K | $26K | 12x |
| Short | Gate BABA_USDT | 117.23 | 0 | get 0.0000% / 8h | 7h 21m | $1.5M | $1.9M | 50x |
Injective BABA/USDC PERP
Gate BABA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +1.200% → 0.000%
- $119.99
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $97.97
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago | 4.69 bp | 16.7 bp −$17 | 84.0 bp −$840 | 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 | 117.05 | +1.046% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.20 | +1.174% | $2.1M | $725K | 25x | as long as short |
| Gate BABA_USDTshort | 0.0000% | 8h | 117.23 | +1.200% | $1.5M | $1.9M | 50x | |
| Bitget BABAUSDT | 0.0000% | 8h | 117.18 | +1.157% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.23 | +1.200% | $823 | $2.7M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.23 | +1.200% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.23 | +1.200% | $373K | $71K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.14 | +1.122% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERPlong | +0.0033% | 1h | 115.84 | long leg | $11K | $26K | 12x | |
| Arcus BABA-USD | +0.0040% | 1h | 117.11 | +1.096% | $70K | $136K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
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 | 117.10 | +1.088% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.06 | +1.053% | $8K | $280K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.07 | +1.062% | $231K | $417K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.15 | +1.131% | $1.2M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0098% | 1h | 117.10 | +1.088% | $12.0M | $4.6M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.04 | +1.036% | $612K | $421K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.22 | +1.191% | $2K | $798 | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0136% | 8h | 117.20 | +1.172% | $3K | $182K | 10x | as long as short |
| Variational Omni BABA | +0.0139% | 8h | 117.19 | +1.167% | $337K | $664K | — | as long as short |
| Extended BABA_24_5-USD | +0.0184% | 1h | 117.21 | +1.183% | $47K | $312K | 10x | as long as short |
| Binance BABAUSDT | +0.0187% | 8h | 117.25 | +1.215% | $15.3M | $31.1M | 20x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 117.12 | +1.105% | $66K | $89K | 10x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
GRVT BABA_USDT_Perp
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA