BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0205%/8h= −22.4% APRpaid last 24h −0.077%

Price spread now: SunX against Phoenix+0.034%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1531.533% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.446%−$45 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now +0.034%, 7d avg +0.029%

Together, before fees−0.394%−$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$6 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	116.83	0.0205	pay 0.0026% / 1h	16m 20s	$65K	$71K	10x
Short	SunX BABA-USDT	116.87	0	get 0.0000% / 8h	6h 16m	$731	$3.8M	20x

Funding history

latest

Range statsloading…

SunX 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 SunXbpOrdersPrice spread, now +0.034%Rate

Slippage from Phoenix: live order book, 44 min ago; SunX: live order book, 12 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, 44 min ago	4.27 bp	12.9 bp −$13	28.7 bp −$287	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	45.33 bp	64.1 bp −$64	doesn't fit	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	116.86	+0.024%	$77K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.77	−0.051%	$2.1M	$556K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.73	−0.086%	$1.5M	$1.6M	50x	as long as short
SunX BABA-USDTshort	0.0000%	8h	116.87	+0.034%	$731	$3.8M	20x
HTX BABA-USDT	0.0000%	8h	117.22	+0.334%	$37K	$2K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0003%	8h	117.21	+0.328%	$3K	$224K	10x	as long as short
Lighter BABA	+0.0032%	1h	116.74	−0.077%	$384K	$45K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	116.83	0.000%	$423K	$499K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.847%	$11K	$26K	12x	as long as short
QFEX BABA-USD	+0.0035%	1h	116.72	−0.094%	$1.2M	$4.5M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BABA-USD	+0.0040%	1h	116.94	+0.094%	$74K	$100K	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.72	−0.094%	—	$18K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.63	−0.171%	$12.1M	$3.5M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.66	−0.146%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.60	−0.197%	$239K	$366K	10x	as long as short
Bitget BABAUSDT	+0.0078%	8h	116.80	−0.026%	$2.5M	$1.3M	20x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.64	−0.163%	$608K	$529K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.74	−0.077%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0138%	8h	117.23	+0.345%	$264K	$658K	—	as long as short
Extended BABA_24_5-USD	+0.0192%	1h	116.69	−0.122%	$43K	$366K	10x	as long as short
Binance BABAUSDT	+0.0194%	8h	116.75	−0.068%	$15.6M	$23.5M	20x	as long as short
Phoenix BABAlong	+0.0205%	1h	116.83	long leg	$65K	$71K	10x