Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.061%

Price spread now: Extended against Aster−0.058%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.058% cheaper against Aster than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BABAUSDT	116.70	0	get 0.0000% / 8h	44m 51s	$68K	$36K	20x
Short	Extended BABA_24_5-USD	116.64	0.0096	get 0.0012% / 1h	44m 51s	$43K	$304K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now −0.058%Rate

Funding earned: $20.16
Price spread: −0.058% → 0.000%: −$5.81
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.35
Costs to cover: 0.130%
Break-even: 6.5 days

Slippage unknown: Aster: no order-book sample; Extended: live order book, 58 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Extended live order book, 58 min ago	3.42 bp	12.9 bp −$13	96.6 bp −$966	doesn't fit	doesn't fit

Aster: 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 BABAUSDTlong	0.0000%	8h	116.70	long leg	$68K	$36K	20x
Bybit BABAUSDT	0.0000%	8h	116.68	−0.021%	$2.1M	$716K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.73	+0.022%	$1.5M	$2.0M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.72	+0.014%	$2.3M	$1.9M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.62	−0.072%	$826	$3.1M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.70	−0.004%	$30K	$19K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0008%	8h	116.71	+0.005%	$2K	$190K	10x	as long as short
Lighter BABA	+0.0032%	1h	116.64	−0.055%	$371K	$72K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	116.55	−0.132%	$433K	$503K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.740%	$11K	$26K	12x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BABA	+0.0035%	8h	116.71	+0.007%	$336K	$779K	—	as long as short
Arcus BABA-USD	+0.0040%	1h	116.60	−0.089%	$70K	$140K	10x	as long as short
QFEX BABA-USD	+0.0044%	1h	116.63	−0.064%	$1.3M	$3.0M	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.59	−0.098%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.59	−0.098%	$11.7M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.60	−0.089%	$8K	$285K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.53	−0.149%	$229K	$426K	10x	as long as short
Extended BABA_24_5-USDshort	+0.0096%	1h	116.64	−0.058%	$43K	$304K	10x
Binance BABAUSDT	+0.0100%	8h	116.68	−0.020%	$15.1M	$32.3M	20x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.61	−0.081%	$607K	$381K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.66	−0.038%	$2K	$798	10x	as long as short
Phoenix BABA	+0.0205%	1h	116.64	−0.055%	$65K	$89K	10x	as long as short