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 − costs—prices read too far apart to compare
costs, in and out, $10k−$510.514% of the position
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%
=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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BABAUSDT | 116.47 | 0 | get 0.0000% / 8h | 7h 55m | $2.5M | $1.3M | 20x |
| Short | Phoenix BABA | 116.48 | 0.0276 | get 0.0034% / 1h | 55m 42s | $65K | $133K | 10x |
Bitget BABAUSDT
Phoenix BABAFunding 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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 2 min ago | 3.43 bp | 13.3 bp −$13 | 28.6 bp −$286 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 10 min ago | 2.58 bp | 10.5 bp −$10 | 21.8 bp −$218 | 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 | 116.39 | −0.072% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.50 | +0.026% | $2.2M | $584K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.47 | 0.000% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDTlong | 0.0000% | 8h | 116.47 | long leg | $2.5M | $1.3M | 20x | |
| SunX BABA-USDT | 0.0000% | 8h | 116.50 | +0.026% | $1K | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.58 | +0.094% | $37K | $2K | 20x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.43 | −0.034% | $444K | $479K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.541% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.34 | −0.112% | — | $9K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.38 | −0.077% | $10K | $264K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERP
Polymarket Perps BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.16 | −0.266% | $243K | $344K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0056% | 1h | 116.37 | −0.086% | $12.1M | $3.1M | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.46 | −0.009% | $1.2M | $5.2M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.39 | −0.069% | $604K | $566K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.47 | 0.000% | $2K | $798 | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0130% | 8h | 116.49 | +0.020% | $2K | $245K | 10x | as long as short |
| Variational Omni BABA | +0.0141% | 8h | 116.48 | +0.012% | $301K | $619K | — | as long as short |
| Binance BABAUSDT | +0.0213% | 8h | 116.47 | 0.000% | $15.4M | $21.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0216% | 1h | 116.46 | −0.006% | $42K | $380K | 10x | as long as short |
| Phoenix BABAshort | +0.0276% | 1h | 116.48 | +0.009% | $65K | $133K | 10x | |
| Lighter BABA | +0.0344% | 1h | 116.59 | +0.103% | $385K | $49K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.49 | +0.017% | $75K | $101K | 10x | as long as short |
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
GRVT BABA_USDT_Perp
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Lighter BABA
Arcus BABA-USD