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−0.0002%/8h= −0.2% APRpaid last 24h +0.001%
Price spread now: Binance against Extended+0.035%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$470.470% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.041%+$4 on $10k
Price spread, last 4 days (all we have)+0.267%+$27 · spread now +0.035%, 7d avg +0.041%
Together, before fees+0.308%+ Points / potential airdropExtended: Active · farm board+$31 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BABA_24_5-USD117.240.0192pay 0.0024% / 1h19m 29s$47K$312K10x
ShortBinance BABAUSDT117.280.0190get 0.0190% / 8h7h 19m$15.3M$31.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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
−$0.38
Price spread: +0.035% → +0.041%
−$0.55
Slippage, 4 orders
−$32.04
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$47.97
Costs to cover
0.470%
Break-even
never at this rate
Slippage from Extended: live order book, 13 min ago; Binance: 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 Extended live order book, 13 min ago2.99 bp12.5 bp −$12128.1 bp −$1,281doesn't fitdoesn't fit
Sell Binance live order book, 7 min ago1.71 bp11.1 bp −$1127.8 bp −$27888.6 bp −$8,862doesn'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%8h117.06−0.152%$68K$41K20xas long as short
Bybit BABAUSDT0.0000%8h117.24+0.002%$2.1M$723K25xas long as short
Gate BABA_USDT0.0000%8h117.27+0.028%$1.5M$1.9M50xas long as short
Bitget BABAUSDT0.0000%8h117.18−0.049%$2.3M$1.9M20xas long as short
SunX BABA-USDT0.0000%8h117.25+0.010%$891$2.7M20xas long as short
HTX BABA-USDT0.0000%8h117.29+0.045%$30K$19K20xas long as short
Lighter BABA+0.0032%1h117.27+0.028%$373K$71K10xas long as short
Lighter RH BABA+0.0032%1h117.17−0.058%$436K$494K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.192%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h117.16−0.066%$70K$136K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h117.13−0.092%$19K10xas long as short
Polymarket Perps BABA-USD+0.0050%1h117.06−0.152%$8K$280K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h117.11−0.109%$231K$411K10xas long as short
QFEX BABA-USD+0.0080%1h117.30+0.053%$1.2M$2.9M10xas long as short
KuCoin BABAUSDTM+0.0100%8h117.04−0.169%$612K$425K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h117.25+0.010%$2K$79810xas long as short
tradeXYZ xyz:BABA+0.0106%1h117.14−0.083%$12.0M$4.6M10xas long as short
Variational Omni BABA+0.0140%8h117.24+0.005%$337K$664Kas long as short
GRVT BABA_USDT_Perp+0.0145%8h117.22−0.013%$3K$182K10xas long as short
Binance BABAUSDTshort+0.0190%8h117.28+0.035%$15.3M$31.0M20x
Extended BABA_24_5-USDlong+0.0192%1h117.24long leg$47K$312K10x
Phoenix BABA+0.0273%1h117.15−0.075%$66K$89K10xas long as short