BABA Funding Rate — perpetuals across 11 venues
TradFi perpetual · compared across 11 venues · net of estimated fees · updated every few minutesBABA is an equity-linked perpetual referencing BABA, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.
Live annualized BABA perpetual funding across all 11 venues Perpia tracks. Right now BABA funding is positive on 7 and negative on 1, ranging from +30.9% on Bybit to -22.7% on Bitget — a spread of 53.6%. The widest delta-neutral trade is long Bitget / short Bybit at 49.6% net APR.
BABA funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
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Build a route
any two of the 11 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 11 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Bybit↗short | +30.9% | every 8h | |
| Variational↗ | +7.7% | every 8h | |
| Ondo Perps | +5.5% | every 1h | |
| Hyperliquid↗ | +5.5% | every 1h | |
| trade.xyz↗ | +5.5% | every 1h | |
| Arcus↗ | +4.4% | every 1h | |
| Lighter↗ | +4.4% | every 8h | |
| Gate.io↗ | +0.0% | every 8h | |
| KuCoin↗ | +0.0% | every 8h | |
| Ostium↗ | +0.0% | every 1h | |
| below — these venues pay the longs: this is the leg you buy | |||
| Bitget↗long | −22.7% | every 8h | |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bitget vs Bybit page. 25 pairs scanned for BABA.
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BABA — FAQ
Is BABA funding positive right now?
BABA perpetual funding is positive on 7 of 11 venues Perpia tracks and negative on 1. The highest is +30.9% on Bybit; the lowest is -22.7% on Bitget.
What is the best BABA funding arbitrage right now?
Go long Bitget and short Bybit for about 49.6% net APR after fees — the widest delta-neutral BABA spread Perpia currently sees.
Which exchange has the highest BABA funding rate?
Bybit, at +30.9% annualized. Funding shifts continuously, so check the live table above before trading.
How BABA funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to BABA
also quoted on both Bitget and BybitThe same two exchanges you would already have funded for the BABA trade. Every spread between them is on the Bitget vs Bybit page.