Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0626%/8h= −68.5% APRpaid last 24h −0.134%

Price spread now: HTX against Arcus+0.034%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.034% dearer against Arcus than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BABA-USD	116.36	0.0626	pay 0.0078% / 1h	32m 41s	$75K	$100K	10x
Short	HTX BABA-USDT	116.40	0	get 0.0000% / 8h	7h 32m	$37K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee HTXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$131.45
Price spread: +0.034% → 0.000%: $3.44
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$144.51
Costs to cover: 0.165%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 31 min ago; HTX: 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 Arcus live order book, 31 min ago	0.43 bp	4.3 bp −$4	10.0 bp −$100	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	116.38	+0.013%	$75K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.47	+0.095%	$2.2M	$584K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.41	+0.043%	$1.4M	$1.6M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.40	+0.034%	$2.5M	$1.3M	20x	as long as short
GRVT BABA_USDT_Perp	0.0000%	8h	116.38	+0.017%	$3K	$235K	10x	as long as short
SunX BABA-USDT	0.0000%	8h	116.39	+0.026%	$679	$4.1M	20x	as long as short
HTX BABA-USDTshort	0.0000%	8h	116.40	+0.034%	$37K	$2K	20x
Lighter RH BABA	+0.0032%	1h	116.33	−0.026%	$444K	$482K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.447%	$11K	$26K	12x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.33	−0.026%	—	$9K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BABA	+0.0048%	1h	116.53	+0.146%	$385K	$50K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.36	0.000%	$12.1M	$2.9M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.28	−0.069%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.30	−0.052%	$239K	$342K	10x	as long as short
QFEX BABA-USD	+0.0072%	1h	116.37	+0.009%	$1.2M	$5.1M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.35	−0.009%	$604K	$550K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.38	+0.017%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0146%	8h	116.39	+0.027%	$301K	$619K	—	as long as short
Binance BABAUSDT	+0.0204%	8h	116.45	+0.077%	$15.4M	$21.6M	20x	as long as short
Extended BABA_24_5-USD	+0.0208%	1h	116.43	+0.057%	$46K	$505K	10x	as long as short
Phoenix BABA	+0.0343%	1h	116.39	+0.026%	$65K	$133K	10x	as long as short
Arcus BABA-USDlong	+0.0626%	1h	116.36	long leg	$75K	$100K	10x