Funding you earn now, next payment 08:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.010%
Price spread now: tradeXYZ against Injective+1.010%7-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
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 1.010% dearer against Injective than usual: you sell high and buy low: +$101 more if the spread goes back to zero (this spread has no 7-day history yet).
| 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 | 2m 57s | $11K | $26K | 12x |
| Short | tradeXYZ xyz:BABA | 117.01 | 0.0082 | get 0.0010% / 1h | 2m 57s | $11.8M | $4.4M | 10x |
Injective BABA/USDC PERP
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.3
- Price spread: +1.010% → 0.000%
- $101
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $93.28
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago | 0.86 bp | 12.9 bp −$13 | 16.6 bp −$166 | 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 | 116.98 | +0.984% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.05 | +1.045% | $2.1M | $716K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.12 | +1.105% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.09 | +1.079% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.11 | +1.096% | $787 | $2.9M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.19 | +1.165% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.15 | +1.131% | $373K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.08 | +1.070% | $435K | $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
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX BABA-USD | +0.0044% | 1h | 117.09 | +1.079% | $1.2M | $2.9M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.03 | +1.027% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.05 | +1.045% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.00 | +1.001% | $231K | $423K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0054% | 8h | 117.19 | +1.165% | $3K | $188K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0082% | 1h | 117.01 | +1.010% | $11.8M | $4.4M | 10x | |
| Variational Omni BABA | +0.0086% | 8h | 117.17 | +1.147% | $338K | $779K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.01 | +1.010% | $608K | $393K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.14 | +1.122% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0148% | 8h | 117.09 | +1.079% | $15.3M | $31.9M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0152% | 1h | 117.06 | +1.055% | $47K | $307K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.06 | +1.053% | $66K | $89K | 10x | as long as short |
QFEX BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA