Funding you earn now, next payment 04:00 UTC+0.0153%/8h= +16.7% APRnext payment +$0.19 per $10,000 · paid last 24h +0.054%
Price spread now: Phoenix against tradeXYZ+0.101%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.259%+$26 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.101% dearer against tradeXYZ than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 118.28 | 0.0050 | pay 0.0006% / 1h | 38m 52s | $12.0M | $4.2M | 10x |
| Short | Phoenix BABA | 118.40 | 0.0203 | get 0.0025% / 1h | 38m 52s | $66K | $90K | 10x |
tradeXYZ xyz:BABA
Phoenix BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against tradeXYZ. 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
- $32.09
- Price spread: +0.101% → 0.000%
- $10.15
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $17.24
- Costs to cover
- 0.250%
- Break-even
- 3.2 days
Slippage unknown: tradeXYZ: live order book, 10 min ago; Phoenix: 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 tradeXYZ live order book, 10 min ago | 1.27 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | 118.28 | 0.000% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.30 | +0.017% | $2.1M | $704K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.38 | +0.085% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.35 | +0.059% | $641 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.40 | +0.101% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0017% | 8h | 118.42 | +0.118% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.45 | +0.144% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.34 | +0.051% | $438K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.063% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.34 | +0.051% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.39 | +0.093% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 118.28 | long leg | $12.0M | $4.2M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.26 | −0.017% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.26 | −0.017% | $238K | $406K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.35 | +0.059% | $1.2M | $3.9M | 10x | as long as short |
| Variational Omni BABA | +0.0062% | 8h | 118.42 | +0.118% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.25 | −0.025% | $616K | $459K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.37 | +0.076% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0142% | 8h | 118.37 | +0.078% | $15.7M | $30.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.34 | +0.048% | $43K | $358K | 10x | as long as short |
| Phoenix BABAshort | +0.0203% | 1h | 118.40 | +0.101% | $66K | $90K | 10x | |
| Bitget BABAUSDT | +0.0331% | 8h | 118.36 | +0.068% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Bitget BABAUSDT