Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.141%
Price spread now: Arcus against Bybit−0.128%7-day average −0.007% · 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−$65as in the Price arb table
costs, in and out, $10k−$530.532% of the position
Funding, last 4 days (all we have)+0.238%+$24 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.128%, 7d avg −0.007%
=Funding pays, the price is against you. Arcus is 0.121% cheaper against Bybit than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.007%). If the spread goes back, that is −$12 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.238% in total) that is about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BABAUSDT | 116.80 | 0 | get 0.0000% / 8h | 51m 03s | $2.1M | $719K | 25x |
| Short | Arcus BABA-USD | 116.65 | 0.0040 | get 0.0005% / 1h | 51m 03s | $70K | $140K | 10x |
Bybit BABAUSDT
Arcus BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Bybit. 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: −0.128% → −0.007%
- −$12.14
- Slippage, 4 orders
- −$37.7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$56.89
- Costs to cover
- 0.532%
- Break-even
- 54.1 days
Slippage from Bybit: live order book, 1 min ago; Arcus: live order book, 43 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 Bybit live order book, 1 min ago | 3.00 bp | 18.5 bp −$18 | 98.1 bp −$981 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 43 min ago | 5.56 bp | 10.1 bp −$10 | 12.4 bp −$124 | 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 | 116.90 | +0.082% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 116.80 | long leg | $2.1M | $719K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 116.80 | 0.000% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.84 | +0.034% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.78 | −0.017% | $942 | $3.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.85 | +0.043% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0006% | 8h | 116.79 | −0.012% | $3K | $193K | 10x | as long as short |
| Variational Omni BABA | +0.0026% | 8h | 116.81 | +0.011% | $364K | $747K | — | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.85 | +0.043% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.76 | −0.034% | $434K | $503K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Variational Omni BABA
Lighter BABA
Lighter RH BABAShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.822% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDshort | +0.0040% | 1h | 116.65 | −0.128% | $70K | $140K | 10x | |
| QFEX BABA-USD | +0.0044% | 1h | 116.74 | −0.051% | $1.3M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.65 | −0.128% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.69 | −0.094% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.69 | −0.094% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.67 | −0.111% | $229K | $427K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0096% | 1h | 116.79 | −0.010% | $44K | $293K | 10x | as long as short |
| Binance BABAUSDT | +0.0099% | 8h | 116.82 | +0.017% | $15.1M | $32.5M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.74 | −0.051% | $608K | $381K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.79 | −0.009% | $2K | $798 | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.58 | −0.188% | $65K | $89K | 10x | as long as short |
Injective BABA/USDC PERP
QFEX BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Extended BABA_24_5-USD
Binance BABAUSDT
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA