Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%
Price spread now: KuCoin against Ondo Perps+0.235%7-day average +0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.235%, 7d avg +0.026%
=Together, before fees−0.060%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.208% dearer against Ondo Perps than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BABA-USD.P | 119.38 | 0.0050 | pay 0.0006% / 1h | 59m 39s | $220K | $440K | 10x |
| Short | KuCoin BABAUSDTM | 119.66 | 0.0100 | get 0.0100% / 8h | 5h 59m | $624K | $508K | 20x |
Ondo Perps BABA-USD.P
KuCoin BABAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $10.42
- Price spread: +0.235% → +0.026%
- $20.81
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $14.23
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 46 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 KuCoin live order book, 46 min ago | 20.20 bp | 70.7 bp −$71 | doesn't fit | 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 exchanges
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 | 119.67 | +0.245% | $70K | $40K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.86 | +0.402% | $2.2M | $718K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.78 | +0.335% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.81 | +0.360% | $2.3M | $2.2M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.77 | +0.327% | $1K | $2.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.71 | +0.276% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.86 | +0.402% | $383K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.74 | +0.302% | $436K | $508K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.965% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.77 | +0.327% | — | $19K | 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
Injective BABA/USDC PERP
Vest BABA-USD-PERPShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.64 | +0.218% | $8K | $178K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 119.38 | long leg | $220K | $440K | 10x | |
| QFEX BABA-USD | +0.0080% | 1h | 119.63 | +0.209% | $1.2M | $2.9M | 10x | as long as short |
| KuCoin BABAUSDTMshort | +0.0100% | 8h | 119.66 | +0.235% | $624K | $508K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.75 | +0.310% | $2K | $798 | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0205% | 1h | 119.76 | +0.318% | $12.0M | $4.9M | 10x | as long as short |
| Variational Omni BABA | +0.0215% | 8h | 119.58 | +0.169% | $374K | $672K | — | as long as short |
| GRVT BABA_USDT_Perp | +0.0253% | 8h | 119.54 | +0.134% | $3K | $181K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0264% | 1h | 119.77 | +0.326% | $47K | $312K | 10x | as long as short |
| Binance BABAUSDT | +0.0264% | 8h | 119.80 | +0.354% | $15.2M | $33.8M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 119.56 | +0.151% | $67K | $88K | 10x | as long as short |
| Arcus BABA-USD | +0.0335% | 1h | 119.73 | +0.293% | $72K | $135K | 10x | as long as short |
Polymarket Perps BABA-USD
QFEX BABA-USD
Orderly PERP_BABA_USDC_mythos
tradeXYZ xyz:BABA
Variational Omni BABA
GRVT BABA_USDT_Perp
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Arcus BABA-USD