BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.022%

Price spread now: Bybit against Polymarket Perps+0.043%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$490.486% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.043%, 7d avg +0.056%

Together, before fees−0.178%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BABA-USD	115.85	0.0050	pay 0.0006% / 1h	49m 19s	$10K	$263K	10x
Short	Bybit BABAUSDT	115.90	0	get 0.0000% / 8h	1h 49m	$2.2M	$614K	25x

Funding history

latest

Range statsloading…

Bybit against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee BybitbpOrdersPrice spread, now +0.043%Rate

Slippage from Polymarket Perps: live order book, 33 min ago; Bybit: live order book, 2 min ago.

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, 33 min ago	2.16 bp	7.0 bp −$7	7.0 bp −$70	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.88 bp	16.0 bp −$16	112.4 bp −$1,124	doesn't fit	doesn't fit

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	116.00	+0.129%	$75K	$27K	20x	as long as short
Bybit BABAUSDTshort	0.0000%	8h	115.90	+0.043%	$2.2M	$614K	25x
Gate BABA_USDT	0.0000%	8h	115.94	+0.078%	$1.4M	$1.7M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	115.95	+0.086%	$2.5M	$1.3M	20x	as long as short
Variational Omni BABA	0.0000%	8h	115.96	+0.091%	$300K	$620K	—	as long as short
GRVT BABA_USDT_Perp	0.0000%	8h	115.97	+0.103%	$3K	$261K	10x	as long as short
SunX BABA-USDT	0.0000%	8h	115.96	+0.095%	$508	$4.2M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.02	+0.147%	$37K	$2K	20x	as long as short
Extended BABA_24_5-USD	+0.0008%	1h	115.93	+0.071%	$42K	$383K	10x	as long as short
Binance BABAUSDT	+0.0012%	8h	115.95	+0.086%	$15.3M	$21.1M	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BABA	+0.0032%	1h	116.08	+0.199%	$384K	$49K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	115.91	+0.052%	$445K	$590K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.009%	$11K	$26K	12x	as long as short
QFEX BABA-USD	+0.0035%	1h	115.94	+0.078%	$1.2M	$5.1M	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	115.89	+0.035%	—	$9K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	115.91	+0.052%	$12.1M	$3.0M	10x	as long as short
Polymarket Perps BABA-USDlong	+0.0050%	1h	115.85	long leg	$10K	$263K	10x
Ondo Perps BABA-USD.P	+0.0050%	1h	115.89	+0.035%	$249K	$336K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	115.87	+0.017%	$601K	$657K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	115.95	+0.086%	$2K	$1K	10x	as long as short
Phoenix BABA	+0.0276%	1h	115.93	+0.069%	$79K	$129K	10x	as long as short
Arcus BABA-USD	+0.0462%	1h	115.94	+0.078%	$79K	$93K	10x	as long as short