Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.141%
Price spread now: SunX against Arcus−0.120%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1511.507% of the position
Funding, last 3 days (all we have)−0.235%−$23 on $10k
+Price spread, last 3 days (all we have)+0.170%+$17 · spread now −0.120%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.134% cheaper against Arcus than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BABA-USD | 117.01 | 0.0040 | pay 0.0005% / 1h | 16m 41s | $74K | $100K | 10x |
| Short | SunX BABA-USDT | 116.87 | 0 | get 0.0000% / 8h | 6h 16m | $731 | $3.8M | 20x |
Arcus BABA-USD
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Arcus. 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
- −$8.46
- Price spread: −0.120% → +0.014%
- −$13.4
- Slippage, 4 orders
- −$138.17
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$172.52
- Costs to cover
- 1.507%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 42 min ago; SunX: live order book, 11 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 Arcus live order book, 42 min ago | 4.28 bp | 10.8 bp −$11 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell SunX live order book, 11 min ago | 45.33 bp | 64.1 bp −$64 | 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 | −0.040% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.83 | −0.154% | $2.1M | $556K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.87 | −0.120% | $1.5M | $1.6M | 50x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 116.87 | −0.120% | $731 | $3.8M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 117.22 | +0.179% | $37K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0003% | 8h | 117.21 | +0.174% | $3K | $224K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.74 | −0.231% | $384K | $45K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.83 | −0.154% | $423K | $499K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.000% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 116.86 | −0.128% | $1.2M | $4.5M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USDlong | +0.0040% | 1h | 117.01 | long leg | $74K | $100K | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.85 | −0.137% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.78 | −0.197% | $12.1M | $3.5M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.81 | −0.171% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.60 | −0.350% | $242K | $366K | 10x | as long as short |
| Bitget BABAUSDT | +0.0087% | 8h | 116.90 | −0.094% | $2.5M | $1.3M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.75 | −0.222% | $608K | $529K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.88 | −0.111% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0138% | 8h | 117.23 | +0.191% | $264K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.86 | −0.129% | $43K | $366K | 10x | as long as short |
| Binance BABAUSDT | +0.0194% | 8h | 116.74 | −0.233% | $15.6M | $23.5M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.83 | −0.154% | $65K | $71K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Bitget BABAUSDT
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA