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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0206%/8h= +22.6% APRpaid last 24h +0.048%
Price spread now: Extended against Bitget−0.047%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$520.520% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.143%+$14 on $10k
Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.047%, 7d avg −0.061%
Together, before fees+0.149%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.143% in total (about 7.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BABAUSDT117.050.0002pay 0.0002% / 8h6h 29m$2.5M$1.3M20x
ShortExtended BABA_24_5-USD116.990.0208get 0.0026% / 1h29m 48s$43K$366K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$43.26
Price spread: −0.047% → −0.061%
$1.4
Slippage, 4 orders
−$34.95
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$7.29
Costs to cover
0.520%
Break-even
8.2 days
Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 38 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, 3 min ago2.98 bp14.2 bp −$1423.9 bp −$239doesn't fitdoesn't fit
Sell Extended live order book, 38 min ago1.71 bp11.2 bp −$11162.0 bp −$1,620doesn'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%8h116.91−0.122%$77K$27K20xas long as short
Bybit BABAUSDT0.0000%8h116.98−0.060%$2.2M$591K25xas long as short
Gate BABA_USDT0.0000%8h117.02−0.026%$1.4M$1.5M50xas long as short
SunX BABA-USDT0.0000%8h117.18+0.111%$804$4.0M20xas long as short
HTX BABA-USDT0.0000%8h117.29+0.205%$37K$2K20xas long as short
Bitget BABAUSDTlong+0.0002%8h117.05long leg$2.5M$1.3M20x
Lighter BABA+0.0032%1h117.20+0.128%$386K$44K10xas long as short
Lighter RH BABA+0.0032%1h116.98−0.060%$423K$497K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.034%$11K$26K12xas long as short
QFEX BABA-USD+0.0035%1h117.16+0.094%$1.2M$4.6M10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BABA-USD+0.0040%1h117.18+0.111%$74K$101K10xas long as short
Vest BABA-USD-PERP+0.0046%1h117.07+0.017%$18K10xas long as short
GRVT BABA_USDT_Perp+0.0047%8h117.24+0.162%$3K$229K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h116.93−0.103%$12.2M$3.4M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h117.07+0.017%$10K$264K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h117.19+0.120%$241K$370K10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.98−0.060%$608K$531K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h117.01−0.034%$1K$1K10xas long as short
Variational Omni BABA+0.0155%8h117.24+0.160%$272K$650Kas long as short
Phoenix BABA+0.0205%1h117.17+0.103%$66K$71K10xas long as short
Binance BABAUSDT+0.0207%8h117.050.000%$15.5M$23.2M20xas long as short
Extended BABA_24_5-USDshort+0.0208%1h116.99−0.047%$43K$366K10x