Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.022%

Price spread now: tradeXYZ against Aster−0.083%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

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

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

Funding pays, the price is against you. tradeXYZ is 0.083% cheaper against Aster than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5.6 days 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	119.21	0	get 0.0000% / 8h	5h 04m	$78K	$31K	20x
Short	tradeXYZ xyz:BABA	119.11	0.0050	get 0.0006% / 1h	4m 42s	$12.0M	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.083%Rate

Funding earned: $10.5
Price spread: −0.083% → 0.000%: −$8.34
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$23.84
Costs to cover: 0.260%
Break-even: 22.9 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 4 min ago	1.68 bp	12.8 bp −$13	17.4 bp −$174	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	119.21	long leg	$78K	$31K	20x
Bybit BABAUSDT	0.0000%	8h	119.20	−0.008%	$2.2M	$645K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	119.22	+0.009%	$1.5M	$1.8M	50x	as long as short
GRVT BABA_USDT_Perp	0.0000%	8h	119.46	+0.210%	$3K	$217K	10x	as long as short
SunX BABA-USDT	0.0000%	8h	119.21	0.000%	$937	$3.6M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	119.28	+0.059%	$30K	$18K	20x	as long as short
Lighter BABA	+0.0032%	1h	119.29	+0.068%	$380K	$73K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	119.20	−0.008%	$429K	$507K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−2.826%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	119.23	+0.017%	$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	119.22	+0.009%	—	$19K	10x	as long as short
tradeXYZ xyz:BABAshort	+0.0050%	1h	119.11	−0.083%	$12.0M	$4.0M	10x
Polymarket Perps BABA-USD	+0.0050%	1h	119.11	−0.083%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	119.20	−0.008%	$240K	$401K	10x	as long as short
QFEX BABA-USD	+0.0061%	1h	119.14	−0.058%	$1.2M	$4.4M	10x	as long as short
Variational Omni BABA	+0.0081%	8h	119.21	−0.002%	$268K	$658K	—	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	119.13	−0.067%	$620K	$503K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	119.21	0.000%	$2K	$798	10x	as long as short
Binance BABAUSDT	+0.0141%	8h	119.26	+0.042%	$15.8M	$29.4M	20x	as long as short
Extended BABA_24_5-USD	+0.0144%	1h	119.22	+0.009%	$44K	$363K	10x	as long as short
Phoenix BABA	+0.0203%	1h	119.30	+0.076%	$67K	$68K	10x	as long as short
Bitget BABAUSDT	+0.0950%	8h	119.22	+0.009%	$2.5M	$1.7M	20x	as long as short