Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bybit against Ondo Perps+0.077%7-day average +0.101% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.077%, 7d avg +0.101%
=Together, before fees−0.134%+ Points / potential airdropOndo Perps: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.024% cheaper against Ondo Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.101%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BABA-USD.P | 116.82 | 0.0050 | pay 0.0006% / 1h | 18m 39s | $227K | $422K | 10x |
| Short | Bybit BABAUSDT | 116.91 | 0 | get 0.0000% / 8h | 1h 18m | $2.1M | $734K | 25x |
Ondo Perps BABA-USD.P
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$10.58
- Price spread: +0.077% → +0.101%
- −$2.4
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$28.98
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 3.42 bp | 11.9 bp −$12 | 85.6 bp −$856 | doesn't fit | 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 | 117.02 | +0.175% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 116.91 | +0.077% | $2.1M | $734K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 116.92 | +0.086% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.91 | +0.077% | $2.3M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.96 | +0.120% | $799 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.10 | +0.240% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0022% | 8h | 116.89 | +0.059% | $2K | $194K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.98 | +0.137% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.89 | +0.060% | $434K | $512K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.839% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 116.88 | +0.051% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.95 | +0.111% | — | $19K | 10x | as long as short |
| Variational Omni BABA | +0.0048% | 8h | 116.93 | +0.098% | $364K | $753K | — | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.84 | +0.017% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.89 | +0.060% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 116.82 | long leg | $227K | $422K | 10x | |
| QFEX BABA-USD | +0.0063% | 1h | 116.90 | +0.068% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.88 | +0.051% | $608K | $386K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.94 | +0.103% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0116% | 8h | 116.90 | +0.066% | $15.1M | $32.5M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0120% | 1h | 116.87 | +0.042% | $44K | $308K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 116.84 | +0.017% | $65K | $89K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
Variational Omni BABA
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA