BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.053%

Price spread now: Bitget against Phoenix+0.069%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$510.514% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.424%−$42 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.069%, 7d avg +0.062%

Together, before fees−0.455%−$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix BABA	116.38	0.0276	pay 0.0034% / 1h	55m 04s	$65K	$133K	10x
Short	Bitget BABAUSDT	116.46	0	get 0.0000% / 8h	7h 55m	$2.5M	$1.3M	20x

Funding history

latest

Range statsloading…

Bitget against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee PhoenixbpFee BitgetbpOrdersPrice spread, now +0.069%Rate

Slippage from Phoenix: live order book, 11 min ago; Bitget: live order book, 2 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 11 min ago	2.58 bp	10.4 bp −$10	21.8 bp −$218	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.43 bp	17.2 bp −$17	54.4 bp −$544	doesn't fit	doesn't fit

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	116.37	−0.008%	$75K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.51	+0.112%	$2.2M	$584K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.45	+0.060%	$1.4M	$1.6M	50x	as long as short
Bitget BABAUSDTshort	0.0000%	8h	116.46	+0.069%	$2.5M	$1.3M	20x
SunX BABA-USDT	0.0000%	8h	116.46	+0.069%	$858	$4.2M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.47	+0.077%	$37K	$2K	20x	as long as short
Lighter RH BABA	+0.0032%	1h	116.40	+0.017%	$444K	$479K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.464%	$11K	$26K	12x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.37	−0.009%	—	$9K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.36	−0.017%	$12.1M	$3.1M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps BABA-USD	+0.0050%	1h	116.37	−0.009%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.16	−0.189%	$243K	$344K	10x	as long as short
QFEX BABA-USD	+0.0072%	1h	116.43	+0.043%	$1.2M	$5.2M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.40	+0.017%	$604K	$566K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.47	+0.077%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0141%	8h	116.48	+0.090%	$301K	$619K	—	as long as short
Binance BABAUSDT	+0.0213%	8h	116.45	+0.060%	$15.4M	$21.7M	20x	as long as short
Extended BABA_24_5-USD	+0.0216%	1h	116.43	+0.041%	$42K	$380K	10x	as long as short
Phoenix BABAlong	+0.0276%	1h	116.38	long leg	$65K	$133K	10x
GRVT BABA_USDT_Perp	+0.0333%	8h	116.43	+0.047%	$2K	$245K	10x	as long as short
Lighter BABA	+0.0344%	1h	116.59	+0.180%	$385K	$49K	10x	as long as short
Arcus BABA-USD	+0.0626%	1h	116.49	+0.095%	$75K	$101K	10x	as long as short