Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.022%
Price spread now: Gate against Polymarket Perps+0.095%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$460.456% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.095%, 7d avg +0.058%
=The price spread pays, funding is against you. Gate is 0.037% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.058%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BABA-USD | 116.06 | 0.0050 | pay 0.0006% / 1h | 3m 30s | $10K | $263K | 10x |
| Short | Gate BABA_USDT | 116.17 | 0 | get 0.0000% / 8h | 1h 03m | $1.4M | $1.7M | 50x |
Polymarket Perps BABA-USD
Gate BABA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Polymarket Perps. 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
- −$10.5
- Price spread: +0.095% → +0.058%
- $3.66
- Slippage, 4 orders
- −$22.6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$52.44
- Costs to cover
- 0.456%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 13 min ago; Gate: live order book, 4 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 Polymarket Perps live order book, 13 min ago | 3.45 bp | 8.2 bp −$8 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.58 bp | 11.4 bp −$11 | 76.8 bp −$768 | 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 | 116.04 | −0.013% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.15 | +0.078% | $2.2M | $603K | 25x | as long as short |
| Gate BABA_USDTshort | 0.0000% | 8h | 116.17 | +0.095% | $1.4M | $1.7M | 50x | |
| Bitget BABAUSDT | 0.0000% | 8h | 116.17 | +0.095% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 116.16 | +0.086% | $300K | $620K | — | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.16 | +0.083% | $3K | $254K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.16 | +0.086% | $763 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.19 | +0.112% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.27 | +0.181% | $384K | $49K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.17 | +0.095% | $446K | $590K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
Variational Omni BABA
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABAShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BABA_24_5-USD | +0.0032% | 1h | 116.15 | +0.082% | $42K | $383K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.190% | $11K | $26K | 12x | as long as short |
| Binance BABAUSDT | +0.0034% | 8h | 116.18 | +0.103% | $15.4M | $20.9M | 20x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 116.14 | +0.069% | $1.2M | $5.1M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.14 | +0.069% | — | $9K | 10x | as long as short |
| Polymarket Perps BABA-USDlong | +0.0050% | 1h | 116.06 | long leg | $10K | $263K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.00 | −0.052% | $250K | $337K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0066% | 1h | 116.14 | +0.069% | $12.1M | $3.0M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.10 | +0.034% | $602K | $619K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.15 | +0.078% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.14 | +0.069% | $65K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0462% | 1h | 116.16 | +0.086% | $79K | $93K | 10x | as long as short |
Extended BABA_24_5-USD
Injective BABA/USDC PERP
Binance BABAUSDT
QFEX BABA-USD
Vest BABA-USD-PERP
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD