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

BABA

RWAall BABA markets
SwapBacktest
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 0.000%
Price spread now: Bybit against HTX+0.076%53s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.076% dearer against HTX than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BABA-USDT118.260get 0.0000% / 8h5h 41m$35K$8K20x
ShortBybit BABAUSDT118.350get 0.0000% / 8h5h 41m$2.2M$581K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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
Price spread: +0.076% → 0.000%
$7.61
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$15.39
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: HTX: no order-book sample; Bybit: live order book, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell Bybit live order book, just now4.65 bp12.9 bp −$13106.2 bp −$1,062doesn't fitdoesn't fit
HTX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BABAUSDT0.0000%8h118.16−0.081%$78K$27K20xas long as short
Bybit BABAUSDTshort0.0000%8h118.35+0.076%$2.2M$581K25x
Gate BABA_USDT0.0000%8h118.28+0.017%$1.5M$1.7M50xas long as short
GRVT BABA_USDT_Perp0.0000%8h118.23−0.025%$3K$220K10xas long as short
SunX BABA-USDT0.0000%8h118.32+0.051%$803$3.5M20xas long as short
HTX BABA-USDTlong0.0000%8h118.26long leg$35K$8K20x
Lighter BABA+0.0032%1h118.36+0.085%$390K$46K10xas long as short
Lighter RH BABA+0.0032%1h118.20−0.051%$428K$496K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−2.046%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h118.13−0.110%$72K$109K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h118.25−0.008%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h118.21−0.042%$12.1M$3.6M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h118.20−0.051%$10K$264K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h118.12−0.118%$235K$377K10xas long as short
QFEX BABA-USD+0.0061%1h118.23−0.025%$1.2M$4.4M10xas long as short
KuCoin BABAUSDTM+0.0100%8h118.260.000%$616K$518K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h118.260.000%$2K$79810xas long as short
Variational Omni BABA+0.0102%8h118.04−0.182%$265K$658Kas long as short
Binance BABAUSDT+0.0159%8h118.29+0.025%$15.6M$24.0M20xas long as short
Extended BABA_24_5-USD+0.0160%1h118.21−0.045%$46K$365K10xas long as short
Phoenix BABA+0.0203%1h118.17−0.076%$66K$68K10xas long as short
Bitget BABAUSDT+0.0357%8h118.29+0.025%$2.5M$1.3M20xas long as short