Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: SunX against Injective+1.088%61s7-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. SunX is 1.088% dearer against Injective than usual: you sell high and buy low (spread +1.088% now, against zero (this spread has no 7-day history yet)): +$109 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 61 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 | 10m 26s | $11K | $26K | 12x |
| Short | SunX BABA-USDT | 117.10 | 0 | get 0.0000% / 8h | 10m 26s | $657 | $3.0M | 20x |
Injective BABA/USDC PERP
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +1.088% → 0.000%
- $108.77
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- $93.75
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago | 46.50 bp | 65.1 bp −$65 | doesn't fit | 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 | 116.96 | +0.964% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.07 | +1.062% | $2.1M | $723K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.15 | +1.131% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.10 | +1.088% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 117.10 | +1.088% | $657 | $3.0M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 117.26 | +1.226% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.12 | +1.105% | $373K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.05 | +1.045% | $436K | $504K | 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 | 117.04 | +1.036% | $70K | $140K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX BABA-USD | +0.0044% | 1h | 117.08 | +1.070% | $1.2M | $3.0M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0045% | 8h | 117.19 | +1.168% | $3K | $188K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.05 | +1.045% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.04 | +1.036% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.07 | +1.062% | $231K | $427K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0070% | 1h | 117.01 | +1.010% | $11.8M | $4.5M | 10x | as long as short |
| Variational Omni BABA | +0.0073% | 8h | 117.13 | +1.110% | $338K | $779K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.98 | +0.984% | $608K | $387K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.11 | +1.096% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0135% | 8h | 117.09 | +1.079% | $15.3M | $32.2M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 117.06 | +1.055% | $47K | $307K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.09 | +1.079% | $66K | $89K | 10x | as long as short |
QFEX BABA-USD
GRVT BABA_USDT_Perp
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA