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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.032%
Price spread now: KuCoin against Extended−0.074%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1881.882% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.074%, 7d avg −0.052%
Together, before fees+0.125%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.023% cheaper against Extended than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of −0.052%). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.029% in total) that is about 5.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BABA_24_5-USD116.130.0008pay 0.0001% / 1h14m 27s$42K$383K10x
ShortKuCoin BABAUSDTM116.040.0100get 0.0100% / 8h1h 14m$601K$627K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$19.32
Price spread: −0.074% → −0.052%
−$2.25
Slippage, 4 orders
−$171.24
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$171.17
Costs to cover
1.882%
Break-even
69.0 days
Slippage from Extended: live order book, 3 min ago; KuCoin: live order book, 59 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, 3 min ago3.02 bp12.6 bp −$1387.9 bp −$879doesn't fitdoesn't fit
Sell KuCoin live order book, 59 min ago14.24 bp69.7 bp −$70doesn'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%8h116.01−0.096%$75K$27K20xas long as short
Bybit BABAUSDT0.0000%8h116.09−0.031%$2.2M$609K25xas long as short
Gate BABA_USDT0.0000%8h116.13+0.003%$1.4M$1.7M50xas long as short
Bitget BABAUSDT0.0000%8h116.15+0.021%$2.5M$1.3M20xas long as short
Variational Omni BABA0.0000%8h116.11−0.013%$300K$620Kas long as short
GRVT BABA_USDT_Perp0.0000%8h116.10−0.022%$3K$255K10xas long as short
SunX BABA-USDT0.0000%8h116.14+0.012%$710$4.2M20xas long as short
HTX BABA-USDT0.0000%8h116.14+0.012%$37K$2K20xas long as short
Extended BABA_24_5-USDlong+0.0008%1h116.13long leg$42K$383K10x
Binance BABAUSDT+0.0010%8h116.15+0.021%$15.4M$21.1M20xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BABA+0.0032%1h116.23+0.089%$384K$49K10xas long as short
Lighter RH BABA+0.0032%1h116.10−0.022%$446K$590K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−0.246%$11K$26K12xas long as short
QFEX BABA-USD+0.0035%1h116.12−0.005%$1.2M$5.1M10xas long as short
Vest BABA-USD-PERP+0.0046%1h116.02−0.091%$9K10xas long as short
Polymarket Perps BABA-USD+0.0050%1h116.02−0.091%$10K$263K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h115.86−0.229%$250K$336K10xas long as short
tradeXYZ xyz:BABA+0.0055%1h116.11−0.014%$12.1M$3.0M10xas long as short
KuCoin BABAUSDTMshort+0.0100%8h116.04−0.074%$601K$627K20x
Orderly PERP_BABA_USDC_mythos+0.0100%8h116.13+0.003%$2K$1K10xas long as short
Phoenix BABA+0.0276%1h116.07−0.048%$65K$129K10xas long as short
Arcus BABA-USD+0.0462%1h116.12−0.005%$79K$93K10xas long as short