Funding you earn now, next payment 07:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.060%
Price spread now: Vest against Phoenix−0.034%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.034% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix BABA | 117.09 | 0.0205 | pay 0.0026% / 1h | 10m 22s | $66K | $89K | 10x |
| Short | Vest BABA-USD-PERP | 117.05 | 0.0046 | get 0.0006% / 1h | 10m 22s | — | $19K | 10x |
Phoenix BABA
Vest BABA-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$33.54
- Price spread: −0.034% → 0.000%
- −$3.42
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$45.96
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample | — | — | — | — | — |
Phoenix and Vest: 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 | 116.96 | −0.114% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.07 | −0.017% | $2.1M | $723K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.15 | +0.051% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.10 | +0.009% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.10 | +0.009% | $657 | $3.0M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.26 | +0.145% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.12 | +0.026% | $373K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.05 | −0.034% | $436K | $504K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.068% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.04 | −0.043% | $70K | $140K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX BABA-USD | +0.0044% | 1h | 117.08 | −0.009% | $1.2M | $3.0M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0045% | 8h | 117.19 | +0.088% | $3K | $188K | 10x | as long as short |
| Vest BABA-USD-PERPshort | +0.0046% | 1h | 117.05 | −0.034% | — | $19K | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.04 | −0.043% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.07 | −0.017% | $231K | $427K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0070% | 1h | 117.01 | −0.068% | $11.8M | $4.5M | 10x | as long as short |
| Variational Omni BABA | +0.0073% | 8h | 117.13 | +0.030% | $338K | $779K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.98 | −0.094% | $608K | $387K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.11 | +0.017% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0135% | 8h | 117.09 | 0.000% | $15.3M | $32.2M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 117.06 | −0.024% | $47K | $307K | 10x | as long as short |
| Phoenix BABAlong | +0.0205% | 1h | 117.09 | long leg | $66K | $89K | 10x |
QFEX BABA-USD
GRVT BABA_USDT_Perp
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD