Funding you earn now, next payment 01:00 UTC−0.0205%/8h= −22.4% APRpaid last 24h −0.077%
Price spread now: HTX against Phoenix0.000%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 72 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 | 117.33 | 0.0205 | pay 0.0026% / 1h | 36m 20s | $66K | $71K | 10x |
| Short | HTX BABA-USDT | 117.33 | 0 | get 0.0000% / 8h | 6h 36m | $37K | $2K | 20x |
Phoenix BABA
HTX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$43.05
- Price spread: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$62.05
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 24 min ago; HTX: no order-book sample. 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 live order book, 24 min ago | 4.27 bp | 12.9 bp −$13 | 28.7 bp −$287 | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: 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 | 117.22 | −0.095% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.33 | 0.000% | $2.2M | $584K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.34 | +0.009% | $1.4M | $1.5M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.30 | −0.026% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.36 | +0.026% | $1K | $4.0M | 20x | as long as short |
| HTX BABA-USDTshort | 0.0000% | 8h | 117.33 | 0.000% | $37K | $2K | 20x | |
| Lighter BABA | +0.0032% | 1h | 117.38 | +0.043% | $387K | $44K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.24 | −0.077% | $424K | $497K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.270% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.31 | −0.017% | $1.2M | $4.6M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
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-USD | +0.0040% | 1h | 117.22 | −0.094% | $74K | $101K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.26 | −0.060% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.19 | −0.119% | $12.2M | $3.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.22 | −0.094% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.13 | −0.170% | $241K | $370K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0061% | 8h | 117.26 | −0.059% | $3K | $229K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.27 | −0.051% | $610K | $533K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.28 | −0.043% | $1K | $1K | 10x | as long as short |
| Variational Omni BABA | +0.0164% | 8h | 117.28 | −0.041% | $272K | $650K | — | as long as short |
| Phoenix BABAlong | +0.0205% | 1h | 117.33 | long leg | $66K | $71K | 10x | |
| Binance BABAUSDT | +0.0214% | 8h | 117.29 | −0.034% | $15.6M | $23.2M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0216% | 1h | 117.26 | −0.059% | $43K | $366K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD