Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.047%
Price spread now: tradeXYZ against Extended+0.011%7-day average −0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.011%, 7d avg −0.064%
=Together, before fees+0.009%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.075% dearer against Extended than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.064%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BABA_24_5-USD | 118.35 | 0.0136 | pay 0.0017% / 1h | 8m 24s | $44K | $358K | 10x |
| Short | tradeXYZ xyz:BABA | 118.36 | 0.0050 | get 0.0006% / 1h | 8m 24s | $11.9M | $4.2M | 10x |
Extended BABA_24_5-USD
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$18.06
- Price spread: +0.011% → −0.064%
- $7.5
- Slippage, 4 orders
- −$24.78
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$58.34
- Costs to cover
- 0.478%
- Break-even
- never at this rate
Slippage from Extended: live order book, 49 min ago; tradeXYZ: live order book, 9 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, 49 min ago | 3.35 bp | 12.5 bp −$13 | 58.4 bp −$584 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 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 | 118.38 | +0.030% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.43 | +0.070% | $2.1M | $698K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.37 | +0.020% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.39 | +0.036% | $902 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.43 | +0.070% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0013% | 8h | 118.40 | +0.045% | $3K | $216K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.40 | +0.045% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.35 | +0.003% | $438K | $508K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.118% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.32 | −0.023% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit 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 | 118.46 | +0.096% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 118.36 | +0.011% | $11.9M | $4.2M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.37 | +0.020% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.34 | −0.006% | $238K | $407K | 10x | as long as short |
| QFEX BABA-USD | +0.0068% | 1h | 118.40 | +0.045% | $1.2M | $4.1M | 10x | as long as short |
| Variational Omni BABA | +0.0069% | 8h | 118.35 | +0.005% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.31 | −0.031% | $616K | $477K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.35 | +0.003% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USDlong | +0.0136% | 1h | 118.35 | long leg | $44K | $358K | 10x | |
| Binance BABAUSDT | +0.0138% | 8h | 118.42 | +0.063% | $15.6M | $30.3M | 20x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.30 | −0.040% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0516% | 8h | 118.41 | +0.053% | $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
Phoenix BABA
Bitget BABAUSDT