Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: HTX against Polymarket Perps+0.144%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. HTX is 0.144% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.144% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BABA-USD | 118.26 | 0.0050 | pay 0.0006% / 1h | 45m 06s | $9K | $266K | 10x |
| Short | HTX BABA-USDT | 118.43 | 0 | get 0.0000% / 8h | 2h 45m | $30K | $18K | 20x |
Polymarket Perps BABA-USD
HTX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.144% → 0.000%
- $14.38
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$16.12
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 2 min ago; HTX: 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 Polymarket Perps live order book, 2 min ago | 3.38 bp | 8.2 bp −$8 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: 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 | 118.30 | +0.034% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.18 | −0.068% | $2.1M | $710K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.26 | 0.000% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.33 | +0.059% | $934 | $3.4M | 20x | as long as short |
| HTX BABA-USDTshort | 0.0000% | 8h | 118.43 | +0.144% | $30K | $18K | 20x | |
| Lighter BABA | +0.0032% | 1h | 118.35 | +0.076% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.20 | −0.051% | $437K | $509K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.046% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.29 | +0.025% | $72K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.33 | +0.059% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USD
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.07 | −0.161% | $12.0M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USDlong | +0.0050% | 1h | 118.26 | long leg | $9K | $266K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.18 | −0.068% | $240K | $401K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 118.33 | +0.059% | $1.2M | $3.5M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0081% | 8h | 118.35 | +0.076% | $3K | $194K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.24 | −0.017% | $616K | $439K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.35 | +0.076% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0111% | 8h | 118.35 | +0.076% | $266K | $658K | — | as long as short |
| Bitget BABAUSDT | +0.0165% | 8h | 118.23 | −0.025% | $2.4M | $1.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 118.32 | +0.048% | $43K | $357K | 10x | as long as short |
| Binance BABAUSDT | +0.0179% | 8h | 118.21 | −0.042% | $15.7M | $31.0M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 118.26 | 0.000% | $66K | $90K | 10x | as long as short |
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
QFEX BABA-USD
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Bitget BABAUSDT
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA