Funding you earn now, next payment 23:00 UTC−0.0176%/8h= −19.2% APRpaid last 24h −0.043%
Price spread now: KuCoin against Phoenix−0.052%108s7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1511.514% of the position
Funding, last 7 days−0.240%−$24 on $10k
+Price spread, last 3 days (all we have)−0.043%−$4 · spread now −0.052%, 7d avg −0.056%
=The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 108 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 | 116.39 | 0.0276 | pay 0.0034% / 1h | 13m 43s | $65K | $143K | 10x |
| Short | KuCoin BABAUSDTM | 116.33 | 0.0100 | get 0.0100% / 8h | 13m 43s | $604K | $580K | 20x |
Phoenix BABA
KuCoin BABAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$36.86
- Price spread: −0.052% → −0.056%
- $0.43
- Slippage, 4 orders
- −$132.42
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$187.85
- Costs to cover
- 1.514%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 56 min ago; KuCoin: live order book, 50 min ago.
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, 56 min ago | 2.58 bp | 10.5 bp −$10 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 50 min ago | 11.63 bp | 50.9 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
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 | 116.36 | −0.024% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.40 | +0.009% | $2.2M | $600K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.42 | +0.026% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.37 | −0.017% | $2.5M | $1.4M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.39 | 0.000% | $1K | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.41 | +0.017% | $37K | $2K | 20x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.39 | 0.000% | $446K | $591K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.473% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.30 | −0.077% | — | $9K | 10x | as long as short |
| QFEX BABA-USD | +0.0047% | 1h | 116.43 | +0.034% | $1.2M | $5.2M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.34 | −0.043% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.09 | −0.258% | $243K | $353K | 10x | as long as short |
| Lighter BABA | +0.0088% | 1h | 116.54 | +0.129% | $385K | $50K | 10x | as long as short |
| KuCoin BABAUSDTMshort | +0.0100% | 8h | 116.33 | −0.052% | $604K | $580K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.39 | 0.000% | $2K | $1K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0114% | 1h | 116.33 | −0.052% | $12.1M | $3.1M | 10x | as long as short |
| Variational Omni BABA | +0.0122% | 8h | 116.45 | +0.050% | $301K | $619K | — | as long as short |
| GRVT BABA_USDT_Perp | +0.0129% | 8h | 116.44 | +0.040% | $2K | $246K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0200% | 1h | 116.38 | −0.010% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0205% | 8h | 116.40 | +0.012% | $15.4M | $21.9M | 20x | as long as short |
| Phoenix BABAlong | +0.0276% | 1h | 116.39 | long leg | $65K | $143K | 10x | |
| Arcus BABA-USD | +0.0394% | 1h | 116.40 | +0.009% | $76K | $98K | 10x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Lighter BABA
Orderly PERP_BABA_USDC_mythos
tradeXYZ xyz:BABA
Variational Omni BABA
GRVT BABA_USDT_Perp
Extended BABA_24_5-USD
Binance BABAUSDT
Arcus BABA-USD