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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.011%
Price spread now: Extended against Binance−0.030%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$450.447% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.030%, 7d avg −0.041%
Together, before fees−0.102%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BABAUSDT117.220.0161pay 0.0161% / 8h7h 58m$15.3M$31.8M20x
ShortExtended BABA_24_5-USD117.180.0160get 0.0020% / 1h58m 24s$43K$311K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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
−$0.13
Price spread: −0.030% → −0.041%
$1.14
Slippage, 4 orders
−$29.71
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$43.7
Costs to cover
0.447%
Break-even
never at this rate
Slippage from Binance: live order book, 13 min ago; Extended: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago1.71 bp10.2 bp −$1022.2 bp −$22281.6 bp −$8,161doesn't fit
Sell Extended live order book, 39 min ago3.00 bp13.0 bp −$1370.9 bp −$709doesn't fitdoesn't fit

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 BABAUSDT0.0000%8h117.05−0.138%$68K$41K20xas long as short
Bybit BABAUSDT0.0000%8h117.21−0.005%$2.1M$718K25xas long as short
Bitget BABAUSDT0.0000%8h117.22+0.003%$2.3M$2.0M20xas long as short
SunX BABA-USDT0.0000%8h117.20−0.014%$788$2.9M20xas long as short
HTX BABA-USDT0.0000%8h117.22+0.003%$30K$19K20xas long as short
Lighter BABA+0.0032%1h117.25+0.029%$373K$71K10xas long as short
Lighter RH BABA+0.0032%1h117.18−0.031%$436K$494K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.174%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h117.13−0.074%$70K$140K10xas long as short
Vest BABA-USD-PERP+0.0046%1h117.10−0.099%$19K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps BABA-USD+0.0050%1h117.12−0.082%$8K$286K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h117.07−0.125%$231K$422K10xas long as short
Gate BABA_USDT+0.0052%8h117.25+0.029%$1.5M$1.9M50xas long as short
GRVT BABA_USDT_Perp+0.0067%8h117.19−0.024%$3K$187K10xas long as short
QFEX BABA-USD+0.0080%1h117.19−0.022%$1.2M$2.9M10xas long as short
tradeXYZ xyz:BABA+0.0088%1h117.11−0.091%$11.8M$4.5M10xas long as short
Variational Omni BABA+0.0095%8h117.17−0.040%$337K$779Kas long as short
KuCoin BABAUSDTM+0.0100%8h117.47+0.216%$611K$397K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h117.22+0.003%$2K$79810xas long as short
Extended BABA_24_5-USDshort+0.0160%1h117.18−0.030%$43K$311K10x
Binance BABAUSDTlong+0.0161%8h117.22long leg$15.3M$31.8M20x
Phoenix BABA+0.0205%1h117.11−0.091%$66K$89K10xas long as short