Funding you earn now, next payment 21:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.016%
Price spread now: Ondo Perps against Binance−0.129%46s7-day average −0.097% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 2 days (all we have)+0.007%+$1 · spread now −0.129%, 7d avg −0.097%
=Together, before fees−0.075%+ Points / potential airdropOndo Perps: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.032% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.097%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BABAUSDT | 116.05 | 0.0082 | pay 0.0082% / 8h | 3h 31m | $15.5M | $19.9M | 20x |
| Short | Ondo Perps BABA-USD.P | 115.90 | 0.0050 | get 0.0006% / 1h | 31m 56s | $248K | $328K | 10x |
Binance BABAUSDT
Ondo Perps BABA-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Binance. 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
- −$6.62
- Price spread: −0.129% → −0.097%
- −$3.23
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$24.86
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 14 min ago; Ondo Perps: 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 Binance live order book, 14 min ago | 0.43 bp | 10.1 bp −$10 | 24.0 bp −$240 | 74.9 bp −$7,490 | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | 116.04 | −0.012% | $73K | $25K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.00 | −0.043% | $2.2M | $600K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.04 | −0.009% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.01 | −0.035% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 115.95 | −0.089% | $289K | $606K | — | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.05 | 0.000% | $897 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.04 | −0.009% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.15 | +0.086% | $384K | $51K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.04 | −0.009% | $450K | $583K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.181% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
Variational Omni BABA
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 115.99 | −0.052% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 115.99 | −0.052% | $12.1M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.94 | −0.095% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.Pshort | +0.0050% | 1h | 115.90 | −0.129% | $248K | $328K | 10x | |
| QFEX BABA-USD | +0.0065% | 1h | 116.03 | −0.017% | $1.2M | $4.9M | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0080% | 1h | 116.03 | −0.013% | $18K | $359K | 10x | as long as short |
| Binance BABAUSDTlong | +0.0082% | 8h | 116.05 | long leg | $15.5M | $19.9M | 20x | |
| GRVT BABA_USDT_Perp | +0.0089% | 8h | 116.00 | −0.043% | $3K | $270K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.97 | −0.069% | $602K | $723K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.04 | −0.009% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0345% | 1h | 115.97 | −0.069% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0765% | 1h | 116.03 | −0.017% | $79K | $93K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
QFEX BABA-USD
Extended BABA_24_5-USD
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD