Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bybit against Polymarket Perps+0.120%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 3 days (all we have)−0.095%−$10 · spread now +0.120%, 7d avg +0.056%
=The price spread pays, funding is against you. Bybit is 0.064% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of +0.056%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BABA-USD | 116.33 | 0.0050 | pay 0.0006% / 1h | 28m 03s | $10K | $264K | 10x |
| Short | Bybit BABAUSDT | 116.47 | 0 | get 0.0000% / 8h | 7h 28m | $2.2M | $582K | 25x |
Polymarket Perps BABA-USD
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Polymarket Perps. 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: +0.120% → +0.056%
- $6.43
- Slippage, 4 orders
- −$28.25
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$51.32
- Costs to cover
- 0.472%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 44 min ago; Bybit: live order book, 4 min ago.
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 Polymarket Perps live order book, 44 min ago | 3.44 bp | 7.4 bp −$7 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.86 bp | 19.9 bp −$20 | 113.2 bp −$1,132 | doesn't fit | doesn't fit |
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 | 116.43 | +0.083% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 116.47 | +0.120% | $2.2M | $582K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 116.44 | +0.095% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.40 | +0.060% | $2.5M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.42 | +0.076% | $3K | $235K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.42 | +0.077% | $602 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.48 | +0.129% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.52 | +0.163% | $385K | $50K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.37 | +0.034% | $444K | $482K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.421% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC 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 | 116.39 | +0.052% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.36 | +0.026% | $12.1M | $2.9M | 10x | as long as short |
| Polymarket Perps BABA-USDlong | +0.0050% | 1h | 116.33 | long leg | $10K | $264K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.25 | −0.069% | $239K | $342K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.42 | +0.077% | $1.2M | $5.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.35 | +0.017% | $604K | $547K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.43 | +0.086% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0143% | 8h | 116.43 | +0.083% | $301K | $619K | — | as long as short |
| Binance BABAUSDT | +0.0198% | 8h | 116.42 | +0.075% | $15.4M | $21.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0200% | 1h | 116.40 | +0.056% | $42K | $492K | 10x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.41 | +0.069% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.40 | +0.060% | $75K | $100K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Arcus BABA-USD