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 0.000%
Price spread now: SunX against Bybit+0.042%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1581.577% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.103%+$10 · spread now +0.042%, 7d avg +0.012%
Together, before fees+0.103%+$10 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: SunX is 0.030% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BABAUSDT118.140get 0.0000% / 8h3h 50m$2.1M$698K25x
ShortSunX BABA-USDT118.190get 0.0000% / 8h3h 50m$733$3.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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: +0.042% → +0.012%
$3
Slippage, 4 orders
−$138.68
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee SunX: 4 bp × 2 orders
−$8
Net
−$154.69
Costs to cover
1.577%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; SunX: live order book, 7 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 Bybit live order book, 1 min ago3.81 bp15.0 bp −$1589.3 bp −$893doesn't fitdoesn't fit
Sell SunX live order book, 7 min ago45.63 bp64.5 bp −$64doesn't fitdoesn'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%8h118.18+0.031%$70K$35K20xas long as short
Bybit BABAUSDTlong0.0000%8h118.14long leg$2.1M$698K25x
Gate BABA_USDT0.0000%8h118.17+0.025%$1.5M$1.9M50xas long as short
GRVT BABA_USDT_Perp0.0000%8h118.21+0.057%$3K$193K10xas long as short
SunX BABA-USDTshort0.0000%8h118.19+0.042%$733$3.4M20x
HTX BABA-USDT0.0000%8h118.24+0.085%$30K$18K20xas long as short
Lighter BABA+0.0032%1h118.22+0.068%$376K$73K10xas long as short
Lighter RH BABA+0.0032%1h118.16+0.017%$437K$507K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.947%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h118.15+0.008%$72K$109K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h118.20+0.051%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h118.07−0.059%$11.9M$4.2M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h118.13−0.008%$9K$266K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h118.140.000%$238K$405K10xas long as short
Variational Omni BABA+0.0053%8h118.16+0.021%$266K$658Kas long as short
QFEX BABA-USD+0.0056%1h118.18+0.034%$1.2M$4.0M10xas long as short
KuCoin BABAUSDTM+0.0100%8h118.13−0.008%$615K$464K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h118.15+0.008%$2K$79810xas long as short
Extended BABA_24_5-USD+0.0128%1h118.12−0.019%$43K$358K10xas long as short
Binance BABAUSDT+0.0129%8h118.15+0.008%$15.6M$30.5M20xas long as short
Phoenix BABA+0.0203%1h118.09−0.042%$66K$90K10xas long as short
Bitget BABAUSDT+0.0395%8h118.17+0.025%$2.4M$1.7M20xas long as short