Funding you earn now, next payment 08:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.020%
Price spread now: Bybit against tradeXYZ+0.060%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$540.535% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now +0.060%, 7d avg +0.115%
=Together, before fees−0.190%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.055% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.115%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 117.08 | 0.0076 | pay 0.0009% / 1h | 6m 40s | $11.8M | $4.4M | 10x |
| Short | Bybit BABAUSDT | 117.15 | 0 | get 0.0000% / 8h | 6m 40s | $2.1M | $721K | 25x |
tradeXYZ xyz:BABA
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$15.96
- Price spread: +0.060% → +0.115%
- −$5.54
- Slippage, 4 orders
- −$24.55
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$75.05
- Costs to cover
- 0.535%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; Bybit: live order book, 5 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 | 0.86 bp | 13.3 bp −$13 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.99 bp | 12.3 bp −$12 | 121.1 bp −$1,211 | 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 | 117.00 | −0.066% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 117.15 | +0.060% | $2.1M | $721K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 117.17 | +0.077% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.16 | +0.068% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.17 | +0.077% | $689 | $3.0M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.13 | +0.043% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.16 | +0.068% | $373K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.11 | +0.026% | $436K | $504K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.059% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.02 | −0.051% | $70K | $140K | 10x | as long as short |
Aster 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 | 117.15 | +0.060% | $1.2M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.09 | +0.009% | — | $19K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0046% | 8h | 117.18 | +0.085% | $3K | $188K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.10 | +0.017% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.09 | +0.009% | $231K | $427K | 10x | as long as short |
| Variational Omni BABA | +0.0073% | 8h | 117.13 | +0.039% | $338K | $779K | — | as long as short |
| tradeXYZ xyz:BABAlong | +0.0076% | 1h | 117.08 | long leg | $11.8M | $4.4M | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.01 | −0.060% | $608K | $389K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.16 | +0.068% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 117.16 | +0.069% | $47K | $307K | 10x | as long as short |
| Binance BABAUSDT | +0.0144% | 8h | 117.19 | +0.092% | $15.3M | $32.1M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.95 | −0.111% | $65K | $89K | 10x | as long as short |
QFEX BABA-USD
Vest BABA-USD-PERP
GRVT BABA_USDT_Perp
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA