Funding you earn now, next payment 09:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.07 per $10,000 · paid last 24h −0.005%
Price spread now: Polymarket Perps against tradeXYZ−0.077%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$420.422% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.077%, 7d avg +0.022%
=Together, before fees+0.064%+ Points / potential airdroptradeXYZ: Active · farm board+$6 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 Polymarket Perps is 0.099% cheaper against tradeXYZ than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 117.14 | 0.0103 | pay 0.0013% / 1h | 19m 52s | $12.0M | $4.6M | 10x |
| Short | Polymarket Perps BABA-USD | 117.05 | 0.0050 | get 0.0006% / 1h | 19m 52s | $8K | $280K | 10x |
tradeXYZ xyz:BABA
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$11.17
- Price spread: −0.077% → +0.022%
- −$9.91
- Slippage, 4 orders
- −$16.2
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$63.28
- Costs to cover
- 0.422%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; Polymarket Perps: live order book, 77 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, 9 min ago | 1.28 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 77 min ago | 3.43 bp | 8.3 bp −$8 | 8.3 bp −$83 | 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 | 117.05 | −0.079% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.22 | +0.068% | $2.1M | $723K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.25 | +0.094% | $1.5M | $1.9M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.18 | +0.034% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.25 | +0.094% | $891 | $2.7M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.29 | +0.128% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.27 | +0.111% | $373K | $71K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.17 | +0.026% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.110% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.15 | +0.009% | $70K | $136K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.10 | −0.034% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 117.05 | −0.077% | $8K | $280K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.11 | −0.026% | $231K | $411K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.26 | +0.102% | $1.2M | $2.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.06 | −0.068% | $612K | $424K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.26 | +0.102% | $2K | $798 | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0103% | 1h | 117.14 | long leg | $12.0M | $4.6M | 10x | |
| GRVT BABA_USDT_Perp | +0.0118% | 8h | 117.21 | +0.060% | $3K | $182K | 10x | as long as short |
| Variational Omni BABA | +0.0140% | 8h | 117.24 | +0.088% | $337K | $664K | — | as long as short |
| Binance BABAUSDT | +0.0189% | 8h | 117.25 | +0.091% | $15.3M | $31.0M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 117.21 | +0.057% | $47K | $312K | 10x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 117.15 | +0.009% | $66K | $89K | 10x | as long as short |
Vest BABA-USD-PERP
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
GRVT BABA_USDT_Perp
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA