Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.011%
Price spread now: Polymarket Perps against Orderly−0.077%7-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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.077% cheaper against Orderly than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BABA_USDC_mythos | 116.23 | 0.0100 | pay 0.0100% / 8h | 45m 23s | $2K | $1K | 10x |
| Short | Polymarket Perps BABA-USD | 116.14 | 0.0050 | get 0.0006% / 1h | 45m 23s | $10K | $263K | 10x |
Orderly PERP_BABA_USDC_mythos
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$10.5
- Price spread: −0.077% → 0.000%
- −$7.74
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$32.24
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 32 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 Polymarket Perps live order book, 32 min ago | 3.45 bp | 7.4 bp −$7 | 7.4 bp −$74 | doesn't fit | 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 | 116.20 | −0.024% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.26 | +0.026% | $2.2M | $593K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.25 | +0.017% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.19 | −0.034% | $2.5M | $1.4M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.27 | +0.034% | $445 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.27 | +0.034% | $37K | $2K | 20x | as long as short |
| Variational Omni BABA | +0.0006% | 8h | 116.25 | +0.018% | $300K | $620K | — | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.25 | +0.017% | $447K | $580K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.336% | $11K | $26K | 12x | as long as short |
| GRVT BABA_USDT_Perp | +0.0041% | 8h | 116.23 | −0.001% | $3K | $249K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Variational Omni BABA
Lighter RH BABA
Injective BABA/USDC PERP
GRVT BABA_USDT_PerpShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.16 | −0.060% | — | $9K | 10x | as long as short |
| QFEX BABA-USD | +0.0047% | 1h | 116.25 | +0.017% | $1.2M | $5.1M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 116.14 | −0.077% | $10K | $263K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.11 | −0.103% | $242K | $351K | 10x | as long as short |
| Lighter BABA | +0.0080% | 1h | 116.38 | +0.129% | $385K | $49K | 10x | as long as short |
| Binance BABAUSDT | +0.0093% | 8h | 116.28 | +0.043% | $15.3M | $21.3M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0096% | 1h | 116.26 | +0.025% | $42K | $383K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.11 | −0.103% | $602K | $606K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythoslong | +0.0100% | 8h | 116.23 | long leg | $2K | $1K | 10x | |
| tradeXYZ xyz:BABA | +0.0119% | 1h | 116.22 | −0.009% | $12.1M | $3.0M | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.18 | −0.043% | $65K | $143K | 10x | as long as short |
| Arcus BABA-USD | +0.0394% | 1h | 116.25 | +0.017% | $78K | $94K | 10x | as long as short |
Vest BABA-USD-PERP
QFEX BABA-USD
Ondo Perps BABA-USD.P
Lighter BABA
Binance BABAUSDT
Extended BABA_24_5-USD
KuCoin BABAUSDTM
tradeXYZ xyz:BABA
Phoenix BABA
Arcus BABA-USD