Funding you earn now, next payment 03:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.14 per $10,000 · paid last 24h −0.054%
Price spread now: Polymarket Perps against Extended+0.120%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$390.395% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.120%, 7d avg −0.044%
=Together, before fees−0.167%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.164% dearer against Extended than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of −0.044%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.0 days. At the pace of the last 7 days (−0.007% in total) that is about 5 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BABA_24_5-USD | 120.21 | 0.0160 | pay 0.0020% / 1h | 29m 17s | $44K | $368K | 10x |
| Short | Polymarket Perps BABA-USD | 120.35 | 0.0050 | get 0.0006% / 1h | 29m 17s | $10K | $264K | 10x |
Extended BABA_24_5-USD
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$23.1
- Price spread: +0.120% → −0.044%
- $16.41
- Slippage, 4 orders
- −$26.5
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$46.19
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from Extended: live order book, 33 min ago; Polymarket Perps: live order book, 33 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 Extended live order book, 33 min ago | 2.54 bp | 11.9 bp −$12 | 122.4 bp −$1,224 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 33 min ago | 3.38 bp | 8.2 bp −$8 | 8.2 bp −$82 | 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 | 120.28 | +0.063% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 120.18 | −0.022% | $2.2M | $641K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 120.27 | +0.053% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.88 | −0.274% | $3K | $219K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 120.08 | −0.105% | $555 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 120.34 | +0.112% | $35K | $8K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 120.16 | −0.038% | $383K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 120.09 | −0.096% | $432K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −3.632% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.79 | −0.346% | $73K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
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 | 120.34 | +0.112% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 120.23 | +0.020% | $12.2M | $3.9M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 120.35 | +0.120% | $10K | $264K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.90 | −0.254% | $243K | $389K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 120.22 | +0.012% | $1.2M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 120.22 | +0.012% | $626K | $513K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 120.23 | +0.020% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0101% | 8h | 119.88 | −0.275% | $270K | $658K | — | as long as short |
| Extended BABA_24_5-USDlong | +0.0160% | 1h | 120.21 | long leg | $44K | $368K | 10x | |
| Binance BABAUSDT | +0.0161% | 8h | 120.10 | −0.088% | $16.1M | $27.1M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 120.05 | −0.130% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0805% | 8h | 120.10 | −0.088% | $2.5M | $1.4M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT