Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Aster−0.029%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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

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

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

Funding pays, the price is against you. Polymarket Perps is 0.029% cheaper against Aster than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 47 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BABAUSDT	118.27	0	get 0.0000% / 8h	4h 01m	$70K	$35K	20x
Short	Polymarket Perps BABA-USD	118.24	0.0050	get 0.0006% / 1h	1m 08s	$9K	$266K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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

Position, each leg$Hold fordaysFee AsterbpFee Polymarket PerpsbpOrdersPrice spread, now −0.029%Rate

Funding earned: $10.5
Price spread: −0.029% → 0.000%: −$2.93
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$8.43
Costs to cover: 0.160%
Break-even: 12.6 days

Slippage unknown: Aster: no order-book sample; Polymarket Perps: live order book, 56 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 Polymarket Perps live order book, 56 min ago	2.51 bp	6.9 bp −$7	7.3 bp −$73	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	118.27	long leg	$70K	$35K	20x
Bybit BABAUSDT	0.0000%	8h	118.34	+0.055%	$2.1M	$698K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.31	+0.030%	$1.5M	$1.9M	50x	as long as short
GRVT BABA_USDT_Perp	0.0000%	8h	118.37	+0.077%	$3K	$193K	10x	as long as short
SunX BABA-USDT	0.0000%	8h	118.32	+0.038%	$1K	$3.4M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	118.40	+0.106%	$30K	$18K	20x	as long as short
Lighter BABA	+0.0032%	1h	118.32	+0.038%	$376K	$73K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	118.24	−0.029%	$437K	$508K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−2.059%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	118.30	+0.021%	$72K	$109K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERP	+0.0046%	1h	118.29	+0.013%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	118.23	−0.038%	$11.9M	$4.2M	10x	as long as short
Polymarket Perps BABA-USDshort	+0.0050%	1h	118.24	−0.029%	$9K	$266K	10x
Ondo Perps BABA-USD.P	+0.0050%	1h	118.35	+0.064%	$238K	$407K	10x	as long as short
Variational Omni BABA	+0.0058%	8h	118.29	+0.017%	$266K	$658K	—	as long as short
QFEX BABA-USD	+0.0068%	1h	118.26	−0.012%	$1.2M	$4.1M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	118.19	−0.072%	$616K	$472K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.29	+0.013%	$2K	$798	10x	as long as short
Binance BABAUSDT	+0.0132%	8h	118.32	+0.036%	$15.6M	$30.4M	20x	as long as short
Extended BABA_24_5-USD	+0.0136%	1h	118.29	+0.011%	$44K	$358K	10x	as long as short
Phoenix BABA	+0.0201%	1h	118.31	+0.030%	$66K	$90K	10x	as long as short
Bitget BABAUSDT	+0.0475%	8h	118.38	+0.089%	$2.4M	$1.7M	20x	as long as short