Funding you earn now, next payment 06:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Injective+1.545%51s7-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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 1.545% dearer against Injective than usual: you sell high and buy low: +$155 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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 | 6m 33s | $11K | $26K | 12x |
| Short | Polymarket Perps BABA-USD | 117.63 | 0.0050 | get 0.0006% / 1h | 6m 33s | $9K | $266K | 10x |
Injective BABA/USDC PERP
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $3.5
- Price spread: +1.545% → 0.000%
- $154.52
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $150
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 40 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 Polymarket Perps live order book, 40 min ago | 3.38 bp | 7.4 bp −$7 | 7.4 bp −$74 | 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 | 117.85 | +1.733% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.69 | +1.597% | $2.1M | $720K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.74 | +1.640% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.71 | +1.614% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.76 | +1.657% | $677 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.76 | +1.657% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.77 | +1.666% | $375K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.67 | +1.580% | $436K | $514K | 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 | 117.66 | +1.571% | $71K | $110K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
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 | 117.71 | +1.614% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.64 | +1.554% | $11.9M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 117.63 | +1.545% | $9K | $266K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.57 | +1.493% | $238K | $405K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 117.69 | +1.597% | $1.2M | $3.2M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0088% | 8h | 117.76 | +1.654% | $3K | $193K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.65 | +1.563% | $613K | $420K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.71 | +1.614% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0109% | 8h | 117.76 | +1.661% | $265K | $658K | — | as long as short |
| Binance BABAUSDT | +0.0174% | 8h | 117.70 | +1.606% | $15.5M | $31.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 117.66 | +1.572% | $44K | $355K | 10x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 117.69 | +1.597% | $66K | $90K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
QFEX BABA-USD
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA