Funding you earn now, next payment 08:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.073%
Price spread now: Phoenix against HTX−0.043%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.043% cheaper against HTX than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$8 a day). The two prices were read 72 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 | HTX BABA-USDT | 117.23 | 0 | get 0.0000% / 8h | 7h 24m | $30K | $19K | 20x |
| Short | Phoenix BABA | 117.18 | 0.0273 | get 0.0034% / 1h | 24m 04s | $66K | $89K | 10x |
HTX BABA-USDT
Phoenix BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- $57.36
- Price spread: −0.043% → 0.000%
- −$4.27
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $34.1
- Costs to cover
- 0.190%
- Break-even
- 2.8 days
Slippage unknown: HTX: no order-book sample; Phoenix: 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 HTX no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
HTX and Phoenix: 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 | 117.02 | −0.179% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.15 | −0.068% | $2.1M | $725K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.18 | −0.043% | $1.5M | $1.9M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.17 | −0.051% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.21 | −0.017% | $721 | $2.7M | 20x | as long as short |
| HTX BABA-USDTlong | 0.0000% | 8h | 117.23 | long leg | $30K | $19K | 20x | |
| Lighter BABA | +0.0032% | 1h | 117.21 | −0.017% | $373K | $71K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.13 | −0.085% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.186% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.09 | −0.119% | $70K | $136K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX 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 | 117.09 | −0.119% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.03 | −0.171% | $8K | $281K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.07 | −0.136% | $231K | $417K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.18 | −0.043% | $1.2M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0092% | 1h | 117.05 | −0.154% | $12.0M | $4.6M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.05 | −0.154% | $612K | $420K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.15 | −0.068% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0139% | 8h | 117.19 | −0.032% | $337K | $664K | — | as long as short |
| Extended BABA_24_5-USD | +0.0184% | 1h | 117.17 | −0.052% | $47K | $312K | 10x | as long as short |
| Binance BABAUSDT | +0.0187% | 8h | 117.20 | −0.026% | $15.3M | $31.2M | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0195% | 8h | 117.16 | −0.060% | $3K | $182K | 10x | as long as short |
| Phoenix BABAshort | +0.0273% | 1h | 117.18 | −0.043% | $66K | $89K | 10x |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
GRVT BABA_USDT_Perp