Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.5% APRpaid last 24h +0.017%

Price spread now: QFEX against Aster+0.097%7-day average — · you sell dearer than you buy

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

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.097% 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).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BABAUSDT	118.26	0	get 0.0000% / 8h	3h 59m	$70K	$35K	20x
Short	QFEX BABA-USD	118.37	0.0068	get 0.0009% / 1h	59m 15s	$1.2M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.097%Rate

Funding earned: $14.31
Price spread: +0.097% → 0.000%: $9.7
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: $6.02
Costs to cover: 0.180%
Break-even: 4.1 days

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 4 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 QFEX live order book, 4 min ago	1.69 bp	7.4 bp −$7	9.7 bp −$97	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	118.26	long leg	$70K	$35K	20x
Bybit BABAUSDT	0.0000%	8h	118.40	+0.122%	$2.1M	$698K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.39	+0.114%	$1.5M	$1.9M	50x	as long as short
GRVT BABA_USDT_Perp	0.0000%	8h	118.37	+0.094%	$3K	$193K	10x	as long as short
SunX BABA-USDT	0.0000%	8h	118.39	+0.114%	$851	$3.4M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	118.49	+0.199%	$30K	$18K	20x	as long as short
Lighter BABA	+0.0032%	1h	118.39	+0.114%	$377K	$73K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	118.23	−0.021%	$437K	$508K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−2.042%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	118.29	+0.029%	$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	118.35	+0.080%	—	$19K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	118.28	+0.021%	$238K	$406K	10x	as long as short
Variational Omni BABA	+0.0058%	8h	118.29	+0.033%	$266K	$658K	—	as long as short
QFEX BABA-USDshort	+0.0068%	1h	118.37	+0.097%	$1.2M	$4.1M	10x
KuCoin BABAUSDTM	+0.0100%	8h	118.21	−0.038%	$616K	$470K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.36	+0.089%	$2K	$798	10x	as long as short
Binance BABAUSDT	+0.0136%	8h	118.38	+0.105%	$15.6M	$30.4M	20x	as long as short
Extended BABA_24_5-USD	+0.0136%	1h	118.34	+0.075%	$44K	$358K	10x	as long as short
Polymarket Perps BABA-USD	+0.0173%	1h	118.29	+0.029%	$9K	$266K	10x	as long as short
Phoenix BABA	+0.0201%	1h	118.32	+0.055%	$66K	$89K	10x	as long as short
tradeXYZ xyz:BABA	+0.0221%	1h	118.26	+0.004%	$11.9M	$4.2M	10x	as long as short
Bitget BABAUSDT	+0.0460%	8h	118.40	+0.122%	$2.4M	$1.7M	20x	as long as short