Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against Gate+0.034%48s7-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—prices read too far apart to compare
costs, in and out, $10k−$530.525% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.034%, 7d avg −0.064%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.098% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.064%. The two prices were read 48 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 | Gate BABA_USDT | 117.69 | 0 | get 0.0000% / 8h | 2h 30m | $1.5M | $2.0M | 50x |
| Short | Polymarket Perps BABA-USD | 117.73 | 0.0050 | get 0.0006% / 1h | 30m 38s | $9K | $266K | 10x |
Gate BABA_USDT
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Gate. 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: +0.034% → −0.064%
- $9.78
- Slippage, 4 orders
- −$29.52
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$32.23
- Costs to cover
- 0.525%
- Break-even
- 28.5 days
Slippage from Gate: live order book, 2 min ago; Polymarket Perps: live order book, 16 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 Gate live order book, 2 min ago | 1.70 bp | 16.4 bp −$16 | 130.3 bp −$1,303 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 16 min ago | 3.38 bp | 7.4 bp −$7 | 7.4 bp −$74 | 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 | 117.88 | +0.160% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.63 | −0.051% | $2.1M | $719K | 25x | as long as short |
| Gate BABA_USDTlong | 0.0000% | 8h | 117.69 | long leg | $1.5M | $2.0M | 50x | |
| SunX BABA-USDT | 0.0000% | 8h | 117.70 | +0.008% | $723 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.06 | +0.314% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.75 | +0.051% | $375K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.65 | −0.034% | $436K | $513K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.572% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.83 | +0.119% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.81 | +0.102% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
SunX BABA-USDT
HTX 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BABAUSDT | +0.0046% | 8h | 117.68 | −0.008% | $2.4M | $1.7M | 20x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.57 | −0.102% | $11.9M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 117.73 | +0.034% | $9K | $266K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.79 | +0.085% | $238K | $401K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 117.65 | −0.034% | $1.2M | $3.5M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0083% | 8h | 117.95 | +0.221% | $2K | $193K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.57 | −0.102% | $611K | $429K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.64 | −0.042% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0107% | 8h | 117.68 | −0.011% | $265K | $658K | — | as long as short |
| Binance BABAUSDT | +0.0173% | 8h | 117.66 | −0.025% | $15.6M | $31.1M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 117.64 | −0.044% | $43K | $357K | 10x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 117.88 | +0.161% | $66K | $90K | 10x | as long as short |
Bitget BABAUSDT
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
QFEX BABA-USD
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA