Funding you earn now, next payment 06:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.057%
Price spread now: Binance against Ondo Perps+0.165%7-day average +0.123% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.165%, 7d avg +0.123%
=Together, before fees+0.070%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.041% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.123%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BABA-USD.P | 118.18 | 0.0050 | pay 0.0006% / 1h | 47m 09s | $239K | $401K | 10x |
| Short | Binance BABAUSDT | 118.37 | 0.0176 | get 0.0176% / 8h | 2h 47m | $15.7M | $31.0M | 20x |
Ondo Perps BABA-USD.P
Binance BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Ondo Perps. 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
- $26.32
- Price spread: +0.165% → +0.123%
- $4.12
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $15.44
- Costs to cover
- 0.150%
- Break-even
- 2.9 days
Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 9 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 9 min ago | 1.69 bp | 8.4 bp −$8 | 23.2 bp −$232 | 102.9 bp −$10.3K | doesn't fit |
Ondo Perps: 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 | 118.30 | +0.102% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.35 | +0.144% | $2.1M | $710K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.38 | +0.169% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.38 | +0.169% | $973 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.43 | +0.212% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.35 | +0.144% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.34 | +0.135% | $438K | $509K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.980% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.28 | +0.085% | $72K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.35 | +0.144% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USD
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.23 | +0.042% | $12.0M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.30 | +0.102% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 118.18 | long leg | $239K | $401K | 10x | |
| GRVT BABA_USDT_Perp | +0.0066% | 8h | 118.28 | +0.082% | $3K | $194K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 118.37 | +0.161% | $1.2M | $3.6M | 10x | as long as short |
| Variational Omni BABA | +0.0095% | 8h | 118.29 | +0.097% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.25 | +0.059% | $616K | $441K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.39 | +0.178% | $2K | $798 | 10x | as long as short |
| Bitget BABAUSDT | +0.0170% | 8h | 118.33 | +0.127% | $2.4M | $1.7M | 20x | as long as short |
| Binance BABAUSDTshort | +0.0176% | 8h | 118.37 | +0.165% | $15.7M | $31.0M | 20x | |
| Extended BABA_24_5-USD | +0.0176% | 1h | 118.34 | +0.136% | $43K | $357K | 10x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 118.37 | +0.161% | $66K | $90K | 10x | as long as short |
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
GRVT BABA_USDT_Perp
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Bitget BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA