Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

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 −0.013%

Price spread now: Bybit against GRVT+0.003%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$670.672% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now +0.003%, 7d avg −0.030%

Together, before fees−0.066%+ Points / potential airdropGRVT: Active · farm board−$7 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: Bybit is 0.033% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BABA_USDT_Perp	116.72	0	get 0.0000% / 8h	7h 13m	$3K	$233K	10x
Short	Bybit BABAUSDT	116.72	0	get 0.0000% / 8h	7h 13m	$2.2M	$582K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → −0.030%: $3.29
Slippage, 4 orders: −$47.24
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$63.94
Costs to cover: 0.672%
Break-even: never at this rate

Slippage from GRVT: live order book, 59 min ago; Bybit: live order book, 4 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 GRVT live order book, 59 min ago	2.58 bp	13.5 bp −$13	24.6 bp −$246	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.43 bp	19.3 bp −$19	124.3 bp −$1,243	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	116.69	−0.023%	$76K	$27K	20x	as long as short
Bybit BABAUSDTshort	0.0000%	8h	116.72	+0.003%	$2.2M	$582K	25x
Gate BABA_USDT	0.0000%	8h	116.76	+0.037%	$1.4M	$1.6M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.74	+0.020%	$2.5M	$1.3M	20x	as long as short
GRVT BABA_USDT_Perplong	0.0000%	8h	116.72	long leg	$3K	$233K	10x
SunX BABA-USDT	0.0000%	8h	116.74	+0.020%	$530	$4.1M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.58	−0.117%	$37K	$2K	20x	as long as short
Lighter BABA	+0.0032%	1h	116.86	+0.123%	$386K	$50K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	116.69	−0.023%	$424K	$511K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.751%	$11K	$26K	12x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERP	+0.0046%	1h	116.75	+0.029%	—	$18K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.69	−0.023%	$12.1M	$2.9M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.66	−0.048%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.62	−0.083%	$234K	$352K	10x	as long as short
QFEX BABA-USD	+0.0072%	1h	116.71	−0.005%	$1.2M	$5.1M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.66	−0.048%	$605K	$542K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.75	+0.029%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0134%	8h	116.72	+0.005%	$302K	$619K	—	as long as short
Extended BABA_24_5-USD	+0.0192%	1h	116.71	−0.001%	$42K	$360K	10x	as long as short
Binance BABAUSDT	+0.0194%	8h	116.70	−0.014%	$15.4M	$22.1M	20x	as long as short
Phoenix BABA	+0.0343%	1h	116.74	+0.020%	$65K	$133K	10x	as long as short
Arcus BABA-USD	+0.0626%	1h	116.68	−0.031%	$75K	$100K	10x	as long as short