Funding you earn now, next payment 03:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.045%
Price spread now: Phoenix against KuCoin+0.084%78s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.084% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 78 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 | KuCoin BABAUSDTM | 118.53 | 0.0100 | pay 0.0100% / 8h | 4h 36m | $617K | $492K | 20x |
| Short | Phoenix BABA | 118.63 | 0.0201 | get 0.0025% / 1h | 36m 13s | $66K | $90K | 10x |
KuCoin BABAUSDTM
Phoenix BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $21.2
- Price spread: +0.084% → 0.000%
- $8.44
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $10.64
- Costs to cover
- 0.190%
- Break-even
- 3.5 days
Slippage unknown: KuCoin: live order book, 47 min ago; 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 KuCoin live order book, 47 min ago | 31.54 bp | 84.7 bp −$85 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | 118.72 | +0.157% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.67 | +0.118% | $2.2M | $646K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.60 | +0.059% | $1.5M | $1.9M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.64 | +0.095% | $3K | $216K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.58 | +0.042% | $926 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.80 | +0.228% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.65 | +0.101% | $378K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.52 | −0.008% | $428K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.269% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.57 | +0.034% | $72K | $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 | 118.62 | +0.076% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.43 | −0.084% | $12.0M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.52 | −0.008% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.41 | −0.101% | $241K | $404K | 10x | as long as short |
| Variational Omni BABA | +0.0060% | 8h | 118.65 | +0.100% | $267K | $658K | — | as long as short |
| QFEX BABA-USD | +0.0068% | 1h | 118.61 | +0.067% | $1.2M | $4.3M | 10x | as long as short |
| KuCoin BABAUSDTMlong | +0.0100% | 8h | 118.53 | long leg | $617K | $492K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.57 | +0.034% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0144% | 8h | 118.59 | +0.051% | $15.7M | $30.1M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.54 | +0.009% | $43K | $360K | 10x | as long as short |
| Phoenix BABAshort | +0.0201% | 1h | 118.63 | +0.084% | $66K | $90K | 10x | |
| Bitget BABAUSDT | +0.0831% | 8h | 118.56 | +0.025% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
QFEX BABA-USD
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Bitget BABAUSDT