Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.062%

Price spread now: Gate against Extended+0.037%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$580.578% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now +0.037%, 7d avg +0.023%

Together, before fees0.000%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, 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 -0.072% in total (about -3.8% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BABA_24_5-USD	116.43	0.0208	pay 0.0026% / 1h	5m 05s	$42K	$383K	10x
Short	Gate BABA_USDT	116.47	0	get 0.0000% / 8h	5m 05s	$1.4M	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee ExtendedbpFee GatebpOrdersPrice spread, now +0.037%Rate

Funding earned: −$43.68
Price spread: +0.037% → +0.023%: $1.39
Slippage, 4 orders: −$37.81
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$100.1
Costs to cover: 0.578%
Break-even: never at this rate

Slippage from Extended: live order book, 7 min ago; Gate: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 7 min ago	3.01 bp	12.6 bp −$13	66.3 bp −$663	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.43 bp	13.4 bp −$13	85.9 bp −$859	doesn't fit	doesn't fit

BABA on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BABAUSDT	0.0000%	8h	116.39	−0.035%	$75K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.41	−0.015%	$2.2M	$600K	25x	as long as short
Gate BABA_USDTshort	0.0000%	8h	116.47	+0.037%	$1.4M	$1.7M	50x
Bitget BABAUSDT	0.0000%	8h	116.46	+0.028%	$2.5M	$1.4M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.50	+0.062%	$743	$4.2M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.55	+0.105%	$37K	$2K	20x	as long as short
Lighter RH BABA	+0.0032%	1h	116.40	−0.023%	$444K	$593K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.504%	$11K	$26K	12x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.45	+0.020%	—	$9K	10x	as long as short
QFEX BABA-USD	+0.0047%	1h	116.46	+0.028%	$1.2M	$5.2M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps BABA-USD	+0.0050%	1h	116.38	−0.041%	$10K	$265K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.42	−0.006%	$243K	$354K	10x	as long as short
Lighter BABA	+0.0072%	1h	116.55	+0.105%	$385K	$50K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.37	−0.049%	$604K	$572K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.44	+0.011%	$2K	$1K	10x	as long as short
tradeXYZ xyz:BABA	+0.0101%	1h	116.35	−0.066%	$12.1M	$3.1M	10x	as long as short
Variational Omni BABA	+0.0134%	8h	116.48	+0.049%	$301K	$619K	—	as long as short
GRVT BABA_USDT_Perp	+0.0139%	8h	116.47	+0.037%	$2K	$246K	10x	as long as short
Binance BABAUSDT	+0.0207%	8h	116.45	+0.020%	$15.4M	$22.0M	20x	as long as short
Extended BABA_24_5-USDlong	+0.0208%	1h	116.43	long leg	$42K	$383K	10x
Phoenix BABA	+0.0276%	1h	116.48	+0.045%	$65K	$143K	10x	as long as short
Arcus BABA-USD	+0.0394%	1h	116.49	+0.054%	$75K	$100K	10x	as long as short