Funding you earn now, next payment 00:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.70 per $10,000 · paid last 24h +0.021%
Price spread now: Binance against Orderly+0.021%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Binance is 0.021% dearer against Orderly than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BABA_USDC_mythos | 116.15 | 0.0100 | pay 0.0100% / 8h | 1h 04m | $2K | $1K | 10x |
| Short | Binance BABAUSDT | 116.17 | 0.0030 | get 0.0030% / 8h | 1h 04m | $15.4M | $21.1M | 20x |
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. 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
- −$14.72
- Price spread: +0.021% → 0.000%
- $2.13
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$28.59
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 6 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 6 min ago | 0.43 bp | 8.0 bp −$8 | 19.4 bp −$194 | 108.4 bp −$10.8K | doesn't fit |
Orderly: 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 | 116.05 | −0.089% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.14 | −0.009% | $2.2M | $603K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.16 | +0.009% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.17 | +0.017% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 116.16 | +0.008% | $300K | $620K | — | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.15 | −0.002% | $3K | $254K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.16 | +0.009% | $712 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.19 | +0.034% | $37K | $2K | 20x | as long as short |
| Binance BABAUSDTshort | +0.0030% | 8h | 116.17 | +0.021% | $15.4M | $21.1M | 20x | |
| Lighter BABA | +0.0032% | 1h | 116.29 | +0.121% | $384K | $49K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
Variational Omni BABA
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABAShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BABA | +0.0032% | 1h | 116.17 | +0.017% | $446K | $590K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0032% | 1h | 116.15 | +0.004% | $42K | $383K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.267% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 116.14 | −0.009% | $1.2M | $5.1M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.14 | −0.009% | — | $9K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.06 | −0.077% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.00 | −0.129% | $250K | $337K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0065% | 1h | 116.14 | −0.009% | $12.1M | $3.0M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.10 | −0.043% | $602K | $620K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythoslong | +0.0100% | 8h | 116.15 | long leg | $2K | $1K | 10x | |
| Phoenix BABA | +0.0276% | 1h | 116.14 | −0.009% | $65K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0462% | 1h | 116.16 | +0.009% | $79K | $93K | 10x | as long as short |
Lighter RH BABA
Extended BABA_24_5-USD
Injective BABA/USDC PERP
QFEX BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Phoenix BABA
Arcus BABA-USD