Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.111%
Price spread now: Arcus against Orderly+0.111%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Arcus is 0.111% dearer against Orderly than usual: you sell high and buy low (spread +0.111% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BABA_USDC_mythos | 116.88 | 0.0100 | pay 0.0100% / 8h | 6h 16m | $2K | $798 | 10x |
| Short | Arcus BABA-USD | 117.01 | 0.0040 | get 0.0005% / 1h | 16m 43s | $74K | $100K | 10x |
Orderly PERP_BABA_USDC_mythos
Arcus BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Orderly. 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
- −$12.54
- Price spread: +0.111% → 0.000%
- $11.12
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$11.92
- Costs to cover
- 0.105%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Arcus: live order book, 42 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 42 min ago | 4.28 bp | 12.4 bp −$12 | 14.6 bp −$146 | doesn't fit | doesn't fit |
Orderly: 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 | 116.96 | +0.071% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.83 | −0.043% | $2.1M | $556K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.87 | −0.009% | $1.5M | $1.6M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.87 | −0.009% | $731 | $3.8M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.22 | +0.291% | $37K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0003% | 8h | 117.21 | +0.285% | $3K | $224K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.74 | −0.120% | $384K | $45K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.83 | −0.043% | $423K | $499K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.890% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 116.86 | −0.017% | $1.2M | $4.5M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USDshort | +0.0040% | 1h | 117.01 | +0.111% | $74K | $100K | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.85 | −0.026% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.78 | −0.086% | $12.1M | $3.5M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.81 | −0.060% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.60 | −0.240% | $242K | $366K | 10x | as long as short |
| Bitget BABAUSDT | +0.0087% | 8h | 116.90 | +0.017% | $2.5M | $1.3M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.75 | −0.111% | $608K | $529K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythoslong | +0.0100% | 8h | 116.88 | long leg | $2K | $798 | 10x | |
| Variational Omni BABA | +0.0138% | 8h | 117.23 | +0.302% | $264K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.86 | −0.018% | $43K | $366K | 10x | as long as short |
| Binance BABAUSDT | +0.0194% | 8h | 116.74 | −0.122% | $15.6M | $23.5M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.83 | −0.043% | $65K | $71K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Bitget BABAUSDT
KuCoin BABAUSDTM
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA