Funding you earn now, next payment 11:00 UTC+0.0130%/8h= +14.3% APRnext payment +$0.16 per $10,000 · paid last 24h +0.121%
Price spread now: Arcus against tradeXYZ−0.025%7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 4 days (all we have)+0.178%+$18 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.025%, 7d avg +0.073%
=Together, before fees+0.216%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Arcus is 0.098% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.073%). If the spread goes back, that is −$10 on $10k: about 2.5 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 119.76 | 0.0205 | pay 0.0026% / 1h | 59m 38s | $12.0M | $4.9M | 10x |
| Short | Arcus BABA-USD | 119.73 | 0.0335 | get 0.0042% / 1h | 59m 38s | $72K | $135K | 10x |
tradeXYZ xyz:BABA
Arcus BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against tradeXYZ. 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
- $27.36
- Price spread: −0.025% → +0.073%
- −$9.84
- Slippage, 4 orders
- −$22.05
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$27.03
- Costs to cover
- 0.446%
- Break-even
- 13.9 days
Slippage from tradeXYZ: live order book, 2 min ago; Arcus: live order book, 51 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 tradeXYZ live order book, 2 min ago | 1.25 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus live order book, 51 min ago | 4.63 bp | 8.4 bp −$8 | 8.5 bp −$85 | doesn't fit | doesn't fit |
BABA on 22 exchanges
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 | 119.67 | −0.073% | $70K | $40K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.86 | +0.084% | $2.2M | $718K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.78 | +0.017% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.81 | +0.042% | $2.3M | $2.2M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.77 | +0.008% | $1K | $2.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.71 | −0.042% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.86 | +0.084% | $383K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.74 | −0.017% | $436K | $508K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −3.273% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.77 | +0.008% | — | $19K | 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
Vest BABA-USD-PERPShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.64 | −0.100% | $8K | $178K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.38 | −0.317% | $220K | $440K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 119.63 | −0.109% | $1.2M | $2.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.66 | −0.084% | $624K | $508K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.75 | −0.008% | $2K | $798 | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0205% | 1h | 119.76 | long leg | $12.0M | $4.9M | 10x | |
| Variational Omni BABA | +0.0215% | 8h | 119.58 | −0.149% | $374K | $672K | — | as long as short |
| GRVT BABA_USDT_Perp | +0.0253% | 8h | 119.54 | −0.184% | $3K | $181K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0264% | 1h | 119.77 | +0.008% | $47K | $312K | 10x | as long as short |
| Binance BABAUSDT | +0.0264% | 8h | 119.80 | +0.036% | $15.2M | $33.8M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 119.56 | −0.167% | $67K | $88K | 10x | as long as short |
| Arcus BABA-USDshort | +0.0335% | 1h | 119.73 | −0.025% | $72K | $135K | 10x |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
GRVT BABA_USDT_Perp
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA