Settings8H · net · $10k
Funding arb · Price arb /

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.035%
Price spread now: Ondo Perps against Aster+0.101%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.101% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BABAUSDT116.060get 0.0000% / 8h54m 04s$75K$27K20x
ShortOndo Perps BABA-USD.P116.180.0050get 0.0006% / 1h54m 04s$239K$350K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
$10.58
Price spread: +0.101% → 0.000%
$10.1
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$7.68
Costs to cover
0.130%
Break-even
1.9 days
Slippage unknown: Aster: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Ondo Perps no order-book sample
Aster and Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BABAUSDTlong0.0000%8h116.06long leg$75K$27K20x
Bybit BABAUSDT0.0000%8h116.23+0.144%$2.2M$593K25xas long as short
Gate BABA_USDT0.0000%8h116.26+0.170%$1.4M$1.6M50xas long as short
Bitget BABAUSDT0.0000%8h116.30+0.204%$2.5M$1.3M20xas long as short
Variational Omni BABA0.0000%8h116.21+0.125%$300K$620Kas long as short
SunX BABA-USDT0.0000%8h116.28+0.187%$665$4.2M20xas long as short
HTX BABA-USDT0.0000%8h116.28+0.187%$37K$2K20xas long as short
GRVT BABA_USDT_Perp+0.0006%8h116.16+0.081%$2K$250K10xas long as short
Lighter BABA+0.0032%1h116.34+0.239%$384K$49K10xas long as short
Lighter RH BABA+0.0032%1h116.21+0.127%$446K$580K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BABA/USDC PERP+0.0033%1h115.84−0.192%$11K$26K12xas long as short
Vest BABA-USD-PERP+0.0046%1h116.14+0.067%$9K10xas long as short
QFEX BABA-USD+0.0047%1h116.25+0.161%$1.2M$5.1M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h116.14+0.067%$10K$263K10xas long as short
Ondo Perps BABA-USD.Pshort+0.0050%1h116.18+0.101%$239K$350K10x
Extended BABA_24_5-USD+0.0056%1h116.26+0.173%$42K$383K10xas long as short
Binance BABAUSDT+0.0059%8h116.29+0.196%$15.4M$21.1M20xas long as short
tradeXYZ xyz:BABA+0.0072%1h116.18+0.101%$12.1M$3.0M10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.11+0.041%$602K$613K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h116.22+0.135%$2K$1K10xas long as short
Phoenix BABA+0.0276%1h116.20+0.118%$65K$143K10xas long as short
Arcus BABA-USD+0.0394%1h116.23+0.144%$78K$94K10xas long as short