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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%
Price spread now: Bybit against Bitget+0.086%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$650.654% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 7 days−0.036%−$4 · spread now +0.086%, 7d avg −0.006%
Together, before fees−0.062%−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.091% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BABAUSDT116.400get 0.0000% / 8h7h 40m$2.5M$1.3M20x
ShortBybit BABAUSDT116.500get 0.0000% / 8h7h 40m$2.2M$583K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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
Price spread: +0.086% → −0.006%
$9.14
Slippage, 4 orders
−$42.38
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$56.23
Costs to cover
0.654%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 1 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 Bitget live order book, 1 min ago2.15 bp15.8 bp −$1627.7 bp −$277doesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago2.58 bp15.3 bp −$15103.9 bp −$1,039doesn'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%8h116.47+0.060%$75K$27K20xas long as short
Bybit BABAUSDTshort0.0000%8h116.50+0.086%$2.2M$583K25x
Gate BABA_USDT0.0000%8h116.52+0.103%$1.4M$1.6M50xas long as short
Bitget BABAUSDTlong0.0000%8h116.40long leg$2.5M$1.3M20x
SunX BABA-USDT0.0000%8h116.51+0.095%$757$4.1M20xas long as short
HTX BABA-USDT0.0000%8h116.50+0.086%$37K$2K20xas long as short
Lighter RH BABA+0.0032%1h116.44+0.034%$444K$479K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−0.481%$11K$26K12xas long as short
Vest BABA-USD-PERP+0.0046%1h116.41+0.009%$9K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h116.42+0.017%$12.1M$3.0M10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps BABA-USD+0.0050%1h116.42+0.017%$10K$264K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h116.38−0.017%$243K$339K10xas long as short
QFEX BABA-USD+0.0072%1h116.48+0.069%$1.2M$5.1M10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.46+0.052%$604K$556K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h116.53+0.112%$2K$79810xas long as short
GRVT BABA_USDT_Perp+0.0147%8h116.43+0.029%$3K$243K10xas long as short
Variational Omni BABA+0.0151%8h116.51+0.092%$301K$619Kas long as short
Lighter BABA+0.0160%1h116.59+0.163%$385K$49K10xas long as short
Extended BABA_24_5-USD+0.0216%1h116.49+0.073%$45K$438K10xas long as short
Binance BABAUSDT+0.0217%8h116.50+0.086%$15.5M$21.6M20xas long as short
Phoenix BABA+0.0343%1h116.42+0.017%$65K$133K10xas long as short
Arcus BABA-USD+0.0626%1h116.43+0.026%$75K$101K10xas long as short