Funding you earn now, next payment 03:00 UTC−0.0065%/8h= −7.1% APRnext payment −$0.08 per $10,000 · paid last 24h −0.008%
Price spread now: Extended against Phoenix+0.118%88s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.277%−$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Extended is 0.118% dearer against Phoenix than usual: you sell high and buy low (spread +0.118% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.1 days. At the pace of the last 7 days (−0.277% in total) that is about 3.0 days. The two prices were read 88 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 | Phoenix BABA | 118.49 | 0.0201 | pay 0.0025% / 1h | 39m 57s | $66K | $90K | 10x |
| Short | Extended BABA_24_5-USD | 118.63 | 0.0136 | get 0.0017% / 1h | 39m 57s | $43K | $360K | 10x |
Phoenix BABA
Extended BABA_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phoenix. 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
- −$13.64
- Price spread: +0.118% → 0.000%
- $11.79
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$13.85
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 17 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 17 min ago | 3.35 bp | 12.5 bp −$13 | 89.2 bp −$892 | doesn't fit | doesn't fit |
Phoenix: 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 | 118.73 | +0.203% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.74 | +0.211% | $2.2M | $647K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.64 | +0.127% | $1.5M | $1.9M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.82 | +0.282% | $3K | $217K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.63 | +0.118% | $585 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.73 | +0.203% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.61 | +0.101% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.53 | +0.034% | $427K | $495K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.236% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.60 | +0.093% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.55 | +0.051% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.52 | +0.025% | $11.9M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.56 | +0.059% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.25 | −0.203% | $241K | $403K | 10x | as long as short |
| Variational Omni BABA | +0.0060% | 8h | 118.65 | +0.133% | $267K | $658K | — | as long as short |
| QFEX BABA-USD | +0.0068% | 1h | 118.57 | +0.068% | $1.2M | $4.3M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.55 | +0.051% | $618K | $494K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.59 | +0.084% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USDshort | +0.0136% | 1h | 118.63 | +0.118% | $43K | $360K | 10x | |
| Binance BABAUSDT | +0.0137% | 8h | 118.66 | +0.143% | $15.7M | $30.1M | 20x | as long as short |
| Phoenix BABAlong | +0.0201% | 1h | 118.49 | long leg | $66K | $90K | 10x | |
| Bitget BABAUSDT | +0.0882% | 8h | 118.60 | +0.093% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Bitget BABAUSDT