Funding you earn now, next payment 08:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.073%
Price spread now: Phoenix against Bybit+0.034%65s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.429%+$43 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.034% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 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 | Bybit BABAUSDT | 117.30 | 0 | get 0.0000% / 8h | 7h 42m | $2.1M | $727K | 25x |
| Short | Phoenix BABA | 117.34 | 0.0273 | get 0.0034% / 1h | 42m 25s | $66K | $89K | 10x |
Bybit BABAUSDT
Phoenix BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $57.36
- Price spread: +0.034% → 0.000%
- $3.41
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $42.77
- Costs to cover
- 0.180%
- Break-even
- 1.8 days
Slippage unknown: Bybit: live order book, 4 min ago; Phoenix: 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 Bybit live order book, 4 min ago | 2.98 bp | 17.8 bp −$18 | 104.2 bp −$1,042 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | 117.18 | −0.098% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 117.30 | long leg | $2.1M | $727K | 25x | |
| Bitget BABAUSDT | 0.0000% | 8h | 117.32 | +0.017% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.35 | +0.043% | $769 | $2.8M | 20x | as long as short |
| Gate BABA_USDT | +0.0002% | 8h | 117.35 | +0.043% | $1.5M | $1.9M | 50x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.40 | +0.085% | $374K | $71K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.32 | +0.017% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.245% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.25 | −0.043% | $70K | $140K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.27 | −0.026% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bitget BABAUSDT
SunX BABA-USDT
Gate BABA_USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USD
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.18 | −0.102% | $8K | $281K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.16 | −0.119% | $231K | $420K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.32 | +0.017% | $1.2M | $2.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.16 | −0.119% | $612K | $402K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.37 | +0.060% | $2K | $798 | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0118% | 1h | 117.24 | −0.051% | $12.0M | $4.6M | 10x | as long as short |
| Variational Omni BABA | +0.0131% | 8h | 117.33 | +0.026% | $337K | $722K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 117.33 | +0.026% | $43K | $311K | 10x | as long as short |
| Binance BABAUSDT | +0.0195% | 8h | 117.36 | +0.051% | $15.3M | $31.5M | 20x | as long as short |
| Phoenix BABAshort | +0.0273% | 1h | 117.34 | +0.034% | $66K | $89K | 10x | |
| HTX BABA-USDT | +0.0301% | 8h | 117.41 | +0.094% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0705% | 8h | 117.32 | +0.020% | $3K | $184K | 10x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
tradeXYZ xyz:BABA
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
HTX BABA-USDT
GRVT BABA_USDT_Perp