Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.010%
Price spread now: Orderly against tradeXYZ+0.068%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
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.068% dearer against tradeXYZ than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 117.05 | 0.0080 | pay 0.0010% / 1h | 4m 09s | $11.8M | $4.4M | 10x |
| Short | Orderly PERP_BABA_USDC_mythos | 117.13 | 0.0100 | get 0.0100% / 8h | 4m 09s | $2K | $798 | 10x |
tradeXYZ xyz:BABA
Orderly PERP_BABA_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $4.26
- Price spread: +0.068% → 0.000%
- $6.83
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$12.9
- Costs to cover
- 0.240%
- Break-even
- 28.2 days
Slippage unknown: tradeXYZ: live order book, 5 min ago; Orderly: 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, 5 min ago | 0.86 bp | 13.3 bp −$13 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 116.99 | −0.054% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.11 | +0.051% | $2.1M | $716K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.18 | +0.111% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.14 | +0.077% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.14 | +0.077% | $787 | $3.0M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.19 | +0.120% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.15 | +0.085% | $373K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.09 | +0.034% | $435K | $504K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.034% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.05 | 0.000% | $70K | $140K | 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
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 | 117.11 | +0.051% | $1.2M | $2.9M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.03 | −0.017% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.07 | +0.017% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.00 | −0.043% | $231K | $427K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0054% | 8h | 117.19 | +0.120% | $3K | $188K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0080% | 1h | 117.05 | long leg | $11.8M | $4.4M | 10x | |
| Variational Omni BABA | +0.0086% | 8h | 117.17 | +0.102% | $338K | $779K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.01 | −0.034% | $609K | $391K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythosshort | +0.0100% | 8h | 117.13 | +0.068% | $2K | $798 | 10x | |
| Extended BABA_24_5-USD | +0.0144% | 1h | 117.10 | +0.044% | $47K | $307K | 10x | as long as short |
| Binance BABAUSDT | +0.0148% | 8h | 117.12 | +0.056% | $15.3M | $31.9M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.06 | +0.009% | $66K | $89K | 10x | as long as short |
QFEX BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
Variational Omni BABA
KuCoin BABAUSDTM
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA