Funding you earn now, next payment 02:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.013%
Price spread now: Injective against tradeXYZ−1.194%94s7-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 −$1 a day on $10k at the current rate, and Injective is 1.194% cheaper against tradeXYZ than usual: you would sell low and buy high (−$119 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 94 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 | tradeXYZ xyz:BABA | 117.24 | 0.0050 | pay 0.0006% / 1h | 37m 34s | $12.3M | $3.4M | 10x |
| Short | Injective BABA/USDC PERP | 115.84 | 0.0033 | get 0.0004% / 1h | 37m 34s | $11K | $26K | 12x |
tradeXYZ xyz:BABA
Injective BABA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$3.5
- Price spread: −1.194% → 0.000%
- −$119.41
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$140.93
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 11 min ago; Injective: 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 tradeXYZ live order book, 11 min ago | 0.86 bp | 10.8 bp −$11 | 17.5 bp −$175 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 117.26 | +0.016% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.31 | +0.060% | $2.2M | $582K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.32 | +0.068% | $1.4M | $1.5M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.33 | +0.077% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.39 | +0.128% | $829 | $4.0M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.33 | +0.077% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.41 | +0.145% | $387K | $44K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.27 | +0.026% | $424K | $497K | 10x | as long as short |
| Injective BABA/USDC PERPshort | +0.0033% | 1h | 115.84 | −1.194% | $11K | $26K | 12x | |
| QFEX BABA-USD | +0.0035% | 1h | 117.25 | +0.009% | $1.2M | $4.6M | 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
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 117.21 | −0.026% | $74K | $101K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.21 | −0.026% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 117.24 | long leg | $12.3M | $3.4M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.16 | −0.068% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.16 | −0.068% | $238K | $370K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0061% | 8h | 117.26 | +0.018% | $3K | $229K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.27 | +0.026% | $611K | $532K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.35 | +0.094% | $1K | $1K | 10x | as long as short |
| Variational Omni BABA | +0.0160% | 8h | 117.23 | −0.011% | $303K | $619K | — | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.06 | −0.154% | $66K | $71K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0208% | 1h | 117.29 | +0.044% | $43K | $370K | 10x | as long as short |
| Binance BABAUSDT | +0.0213% | 8h | 117.31 | +0.059% | $15.6M | $23.1M | 20x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Phoenix BABA
Extended BABA_24_5-USD
Binance BABAUSDT