BABA

Alert

Funding spread now, next payment 19:00 UTC+0.0633%/8h

next payment, per $10,000+$0.79paid, last 24h+0.069%paid, last 3 days+0.023%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.023% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.79 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BABA-USD	115.88	0.0050	pay 0.0006% / 1h	11m 03s	$8K	$252K	10x
Short	Arcus BABA-USD	115.97	0.0683	get 0.0085% / 1h	11m 03s	$79K	$92K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee ArcusbpOrdersRate

Funding earned: $132.92
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $120.42
Break-even: 0.7 days

Slippage unknown: Polymarket Perps: live order book, 23 min ago; Arcus: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.078%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Polymarket Perps live order book, 23 min ago	1.73 bp	8.3 bp −$8	8.3 bp −$83	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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 21 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster BABAUSDT	0.0000%	8h	$73K	$25K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	$2.2M	$570K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	$1.4M	$1.5M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	$2.5M	$1.3M	20x	as long as short
Variational Omni BABA	0.0000%	8h	$337K	$558K	—	as long as short
SunX BABA-USDT	0.0000%	8h	$780	$4.2M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	$37K	$2K	20x	as long as short
Lighter BABA	+0.0032%	1h	$384K	$44K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	$456K	$444K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	$11K	$26K	12x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended BABA_24_5-USD	+0.0040%	1h	$18K	$359K	10x	as long as short
Binance BABAUSDT	+0.0042%	8h	$15.5M	$19.5M	20x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	—	$9K	10x	as long as short
Polymarket Perps BABA-USDlong	+0.0050%	1h	$8K	$252K	10x
Ondo Perps BABA-USD.P	+0.0050%	1h	$274K	$289K	10x	as long as short
QFEX BABA-USD	+0.0052%	1h	$1.2M	$4.9M	10x	as long as short
tradeXYZ xyz:BABA	+0.0074%	1h	$12.1M	$2.9M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	$603K	$790K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	$2K	$1K	10x	as long as short
Phoenix BABA	+0.0276%	1h	$79K	$129K	10x	as long as short
Arcus BABA-USDshort	+0.0683%	1h	$79K	$92K	10x