Funding you earn now, next payment 07:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h −0.054%
Price spread now: Injective against Extended−1.210%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 1.210% cheaper against Extended than usual: you would sell low and buy high (−$121 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BABA_24_5-USD | 117.26 | 0.0152 | pay 0.0019% / 1h | 48m 25s | $44K | $352K | 10x |
| Short | Injective BABA/USDC PERP | 115.84 | 0.0033 | get 0.0004% / 1h | 48m 25s | $11K | $26K | 12x |
Extended BABA_24_5-USD
Injective BABA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- −$24.92
- Price spread: −1.210% → 0.000%
- −$120.98
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$150.92
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 59 min ago; Injective: 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 Extended live order book, 59 min ago | 1.69 bp | 12.4 bp −$12 | 133.4 bp −$1,334 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 117.41 | +0.126% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.27 | +0.010% | $2.1M | $732K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.30 | +0.035% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.27 | +0.010% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.28 | +0.018% | $732 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.32 | +0.052% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.37 | +0.095% | $373K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.26 | +0.001% | $435K | $510K | 10x | as long as short |
| Injective BABA/USDC PERPshort | +0.0033% | 1h | 115.84 | −1.210% | $11K | $26K | 12x | |
| Arcus BABA-USD | +0.0040% | 1h | 117.24 | −0.016% | $71K | $110K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
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 | 117.32 | +0.052% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.22 | −0.033% | $11.8M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.22 | −0.033% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.23 | −0.024% | $225K | $418K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0059% | 8h | 117.30 | +0.035% | $2K | $193K | 10x | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 117.27 | +0.010% | $1.2M | $3.1M | 10x | as long as short |
| Variational Omni BABA | +0.0087% | 8h | 117.27 | +0.006% | $264K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.25 | −0.007% | $610K | $409K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.25 | −0.007% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0150% | 8h | 117.28 | +0.022% | $15.3M | $32.0M | 20x | as long as short |
| Extended BABA_24_5-USDlong | +0.0152% | 1h | 117.26 | long leg | $44K | $352K | 10x | |
| Phoenix BABA | +0.0204% | 1h | 117.32 | +0.052% | $66K | $89K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Phoenix BABA