Funding you earn now, next payment 03:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.045%
Price spread now: KuCoin against Phoenix−0.118%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.118% cheaper against Phoenix than usual: you would sell low and buy high (−$12 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 | Phoenix BABA | 118.63 | 0.0201 | pay 0.0025% / 1h | 35m 17s | $66K | $90K | 10x |
| Short | KuCoin BABAUSDTM | 118.49 | 0.0100 | get 0.0100% / 8h | 4h 35m | $617K | $493K | 20x |
Phoenix BABA
KuCoin BABAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phoenix. 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: −0.118% → 0.000%
- −$11.8
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$52.01
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 48 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 48 min ago | 31.54 bp | 79.2 bp −$79 | doesn't fit | doesn't fit | doesn't fit |
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 | 118.71 | +0.068% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.50 | −0.110% | $2.2M | $646K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.45 | −0.152% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.56 | −0.059% | $972 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.80 | +0.143% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0005% | 8h | 118.61 | −0.021% | $3K | $216K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.62 | −0.008% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.52 | −0.093% | $428K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.352% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.54 | −0.076% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
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 | 118.48 | −0.126% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.32 | −0.261% | $11.9M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.37 | −0.219% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.38 | −0.211% | $241K | $404K | 10x | as long as short |
| QFEX BABA-USD | +0.0068% | 1h | 118.49 | −0.118% | $1.2M | $4.3M | 10x | as long as short |
| Variational Omni BABA | +0.0070% | 8h | 118.56 | −0.055% | $267K | $658K | — | as long as short |
| KuCoin BABAUSDTMshort | +0.0100% | 8h | 118.49 | −0.118% | $617K | $493K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.43 | −0.169% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0144% | 8h | 118.45 | −0.152% | $15.6M | $30.1M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.39 | −0.202% | $43K | $360K | 10x | as long as short |
| Phoenix BABAlong | +0.0201% | 1h | 118.63 | long leg | $66K | $90K | 10x | |
| Bitget BABAUSDT | +0.0817% | 8h | 118.46 | −0.143% | $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
QFEX BABA-USD
Variational Omni BABA
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Bitget BABAUSDT