Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.021%
Price spread now: tradeXYZ against Bybit−0.042%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$520.515% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 7 days−0.012%−$1 · spread now −0.042%, 7d avg −0.115%
=Together, before fees+0.168%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.073% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BABAUSDT | 118.33 | 0 | get 0.0000% / 8h | 4h 11m | $2.1M | $698K | 25x |
| Short | tradeXYZ xyz:BABA | 118.28 | 0.0050 | get 0.0006% / 1h | 11m 21s | $11.9M | $4.2M | 10x |
Bybit BABAUSDT
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.042% → −0.115%
- $7.25
- Slippage, 4 orders
- −$22.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$33.79
- Costs to cover
- 0.515%
- Break-even
- 29.5 days
Slippage from Bybit: live order book, just now; tradeXYZ: live order book, 6 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, just now | 2.96 bp | 17.3 bp −$17 | 96.6 bp −$966 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 1.27 bp | 11.2 bp −$11 | 15.7 bp −$157 | 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 | 118.43 | +0.088% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 118.33 | long leg | $2.1M | $698K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 118.35 | +0.017% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.37 | +0.034% | $734 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.43 | +0.085% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0020% | 8h | 118.44 | +0.093% | $3K | $216K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.39 | +0.051% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.34 | +0.008% | $436K | $506K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.104% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.32 | −0.008% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.43 | +0.085% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 118.28 | −0.042% | $11.9M | $4.2M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.30 | −0.025% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.19 | −0.118% | $238K | $407K | 10x | as long as short |
| QFEX BABA-USD | +0.0068% | 1h | 118.36 | +0.025% | $1.2M | $4.1M | 10x | as long as short |
| Variational Omni BABA | +0.0074% | 8h | 118.39 | +0.054% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.29 | −0.034% | $616K | $479K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.35 | +0.017% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0141% | 8h | 118.38 | +0.042% | $15.6M | $30.3M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.35 | +0.014% | $44K | $358K | 10x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.30 | −0.025% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0538% | 8h | 118.34 | +0.008% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT