Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.023%
Price spread now: SunX against tradeXYZ+0.111%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1511.514% of the position
Funding, last 7 days−0.187%−$19 on $10k
+Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.111%, 7d avg +0.097%
=Together, before fees−0.188%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.097%, 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 | tradeXYZ xyz:BABA | 116.86 | 0.0050 | pay 0.0006% / 1h | 13m 05s | $12.0M | $3.5M | 10x |
| Short | SunX BABA-USDT | 116.99 | 0 | get 0.0000% / 8h | 6h 13m | $862 | $3.7M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$10.5
- Price spread: +0.111% → +0.097%
- $1.45
- Slippage, 4 orders
- −$125.43
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$160.48
- Costs to cover
- 1.514%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 6 min ago; SunX: live order book, 5 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 tradeXYZ live order book, 6 min ago | 2.14 bp | 11.1 bp −$11 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 45.78 bp | 64.9 bp −$65 | 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 | 116.96 | +0.085% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.05 | +0.163% | $2.2M | $556K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.97 | +0.094% | $1.5M | $1.6M | 50x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 116.99 | +0.111% | $862 | $3.7M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 117.00 | +0.120% | $37K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0011% | 8h | 116.99 | +0.112% | $3K | $224K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.03 | +0.145% | $385K | $45K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.90 | +0.034% | $423K | $499K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.873% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 116.98 | +0.103% | $1.2M | $4.5M | 10x | as long as short |
Show all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 116.87 | +0.009% | $73K | $100K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.95 | +0.077% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 116.86 | long leg | $12.0M | $3.5M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.90 | +0.034% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.87 | +0.009% | $239K | $366K | 10x | as long as short |
| Bitget BABAUSDT | +0.0052% | 8h | 117.11 | +0.214% | $2.5M | $1.3M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.91 | +0.043% | $609K | $528K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.95 | +0.077% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0137% | 8h | 116.72 | −0.117% | $263K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 117.09 | +0.197% | $43K | $365K | 10x | as long as short |
| Binance BABAUSDT | +0.0194% | 8h | 117.04 | +0.154% | $15.7M | $23.5M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.94 | +0.068% | $65K | $71K | 10x | as long as short |
tradeXYZ xyz:BABA
SunX BABA-USDT
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Polymarket Perps BABA-USD
Bitget BABAUSDT
KuCoin BABAUSDTM
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA