Settings8H · net · $10k
Funding arb · Price arb /

BABA

RWAall BABA markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.053%
Price spread now: Phoenix against Bitget+0.009%109s7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$510.514% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.424%+$42 on $10k
Price spread, last 3 days (all we have)−0.045%−$5 · spread now +0.009%, 7d avg −0.062%
Together, before fees+0.378%+$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.071% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.062%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BABAUSDT116.470get 0.0000% / 8h7h 55m$2.5M$1.3M20x
ShortPhoenix BABA116.480.0276get 0.0034% / 1h55m 42s$65K$133K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$57.86
Price spread: +0.009% → −0.062%
$7.09
Slippage, 4 orders
−$32.44
Fee Bitget: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$13.5
Costs to cover
0.514%
Break-even
5.4 days
Slippage from Bitget: live order book, 2 min ago; Phoenix: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago3.43 bp13.3 bp −$1328.6 bp −$286doesn't fitdoesn't fit
Sell Phoenix live order book, 10 min ago2.58 bp10.5 bp −$1021.8 bp −$218doesn't fitdoesn't fit

BABA on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BABAUSDT0.0000%8h116.39−0.072%$75K$27K20xas long as short
Bybit BABAUSDT0.0000%8h116.50+0.026%$2.2M$584K25xas long as short
Gate BABA_USDT0.0000%8h116.470.000%$1.4M$1.6M50xas long as short
Bitget BABAUSDTlong0.0000%8h116.47long leg$2.5M$1.3M20x
SunX BABA-USDT0.0000%8h116.50+0.026%$1K$4.2M20xas long as short
HTX BABA-USDT0.0000%8h116.58+0.094%$37K$2K20xas long as short
Lighter RH BABA+0.0032%1h116.43−0.034%$444K$479K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−0.541%$11K$26K12xas long as short
Vest BABA-USD-PERP+0.0046%1h116.34−0.112%$9K10xas long as short
Polymarket Perps BABA-USD+0.0050%1h116.38−0.077%$10K$264K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps BABA-USD.P+0.0050%1h116.16−0.266%$243K$344K10xas long as short
tradeXYZ xyz:BABA+0.0056%1h116.37−0.086%$12.1M$3.1M10xas long as short
QFEX BABA-USD+0.0072%1h116.46−0.009%$1.2M$5.2M10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.39−0.069%$604K$566K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h116.470.000%$2K$79810xas long as short
GRVT BABA_USDT_Perp+0.0130%8h116.49+0.020%$2K$245K10xas long as short
Variational Omni BABA+0.0141%8h116.48+0.012%$301K$619Kas long as short
Binance BABAUSDT+0.0213%8h116.470.000%$15.4M$21.7M20xas long as short
Extended BABA_24_5-USD+0.0216%1h116.46−0.006%$42K$380K10xas long as short
Phoenix BABAshort+0.0276%1h116.48+0.009%$65K$133K10x
Lighter BABA+0.0344%1h116.59+0.103%$385K$49K10xas long as short
Arcus BABA-USD+0.0626%1h116.49+0.017%$75K$101K10xas long as short