Funding you earn now, next payment 19:00 UTC+0.0226%/8hnext payment +$0.28 per $10,000 · paid last 24h +0.028%
Price spread now: Phoenix against Ondo Perps+0.164%228s7-day average +0.080% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.321%+$32 on $10k
+Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.164%, 7d avg +0.080%
=Together, before fees+0.239%+ Points / potential airdropOndo Perps: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.084% dearer against Ondo Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.080%. The two prices were read 228 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 | Ondo Perps BABA-USD.P | 115.75 | 0.0050 | pay 0.0006% / 1h | 50m 50s | $274K | $289K | 10x |
| Short | Phoenix BABA | 115.94 | 0.0276 | get 0.0034% / 1h | 50m 50s | $79K | $129K | 10x |
Ondo Perps BABA-USD.P
Phoenix BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $47.37
- Price spread: +0.164% → +0.080%
- $8.43
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $43.8
- Costs to cover
- 0.120%
- Break-even
- 0.5 days
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 40 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 Phoenix live order book, 40 min ago | 2.59 bp | 10.1 bp −$10 | 20.8 bp −$208 | 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 | 115.91 | +0.142% | $73K | $25K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 115.93 | +0.156% | $2.2M | $570K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 115.96 | +0.181% | $1.4M | $1.5M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 115.97 | +0.190% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 116.00 | +0.213% | $337K | $558K | — | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 115.94 | +0.164% | $3K | $266K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 115.93 | +0.156% | $895 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.05 | +0.259% | $37K | $2K | 20x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 115.98 | +0.199% | $456K | $442K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | +0.078% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
Variational Omni BABA
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BABAUSDT | +0.0045% | 8h | 115.98 | +0.199% | $15.5M | $19.6M | 20x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 115.87 | +0.104% | — | $9K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0048% | 1h | 115.96 | +0.182% | $18K | $359K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.87 | +0.104% | $8K | $252K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 115.75 | long leg | $274K | $289K | 10x | |
| QFEX BABA-USD | +0.0054% | 1h | 115.95 | +0.173% | $1.2M | $4.9M | 10x | as long as short |
| Lighter BABA | +0.0096% | 1h | 116.06 | +0.268% | $384K | $44K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.88 | +0.112% | $603K | $786K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 115.97 | +0.190% | $2K | $1K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0124% | 1h | 115.89 | +0.121% | $12.1M | $2.9M | 10x | as long as short |
| Phoenix BABAshort | +0.0276% | 1h | 115.94 | +0.164% | $79K | $129K | 10x | |
| Arcus BABA-USD | +0.0637% | 1h | 115.95 | +0.173% | $79K | $93K | 10x | as long as short |
Binance BABAUSDT
Vest BABA-USD-PERP
Extended BABA_24_5-USD
Polymarket Perps BABA-USD
QFEX BABA-USD
Lighter BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
tradeXYZ xyz:BABA
Arcus BABA-USD