Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.032%

Price spread now: Orderly against Extended−0.075%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.075% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BABA_24_5-USD	116.58	0.0208	pay 0.0026% / 1h	58m 26s	$42K	$380K	10x
Short	Orderly PERP_BABA_USDC_mythos	116.49	0.0100	get 0.0100% / 8h	7h 58m	$2K	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.075%Rate

Funding earned: −$22.68
Price spread: −0.075% → 0.000%: −$7.54
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$41.22
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 14 min ago; Orderly: no order-book sample. Net counts fees only.

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, 14 min ago	3.01 bp	12.6 bp −$13	66.3 bp −$663	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	116.48	−0.083%	$75K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.57	−0.007%	$2.2M	$580K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.56	−0.015%	$1.4M	$1.6M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.46	−0.101%	$2.5M	$1.3M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.53	−0.041%	$549	$4.2M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.58	+0.002%	$37K	$2K	20x	as long as short
Lighter RH BABA	+0.0032%	1h	116.55	−0.024%	$444K	$479K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.633%	$11K	$26K	12x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.36	−0.187%	—	$9K	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.41	−0.144%	$10K	$264K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps BABA-USD.P	+0.0050%	1h	116.14	−0.376%	$243K	$354K	10x	as long as short
QFEX BABA-USD	+0.0072%	1h	116.54	−0.032%	$1.2M	$5.2M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.45	−0.110%	$604K	$566K	20x	as long as short
Orderly PERP_BABA_USDC_mythosshort	+0.0100%	8h	116.49	−0.075%	$2K	$798	10x
GRVT BABA_USDT_Perp	+0.0130%	8h	116.49	−0.072%	$2K	$245K	10x	as long as short
Variational Omni BABA	+0.0132%	8h	116.51	−0.059%	$301K	$619K	—	as long as short
Extended BABA_24_5-USDlong	+0.0208%	1h	116.58	long leg	$42K	$380K	10x
Binance BABAUSDT	+0.0209%	8h	116.50	−0.067%	$15.4M	$21.7M	20x	as long as short
Phoenix BABA	+0.0276%	1h	116.48	−0.084%	$65K	$133K	10x	as long as short
tradeXYZ xyz:BABA	+0.0307%	1h	116.41	−0.144%	$12.1M	$3.1M	10x	as long as short
Arcus BABA-USD	+0.0626%	1h	116.51	−0.058%	$75K	$101K	10x	as long as short
Lighter BABA	+0.0728%	1h	116.70	+0.105%	$385K	$49K	10x	as long as short