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 +0.039%
Price spread now: GRVT against HTX−0.105%77s7-day average · you buy dearer than you sell
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 fees+ Points / potential airdropGRVT: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.105% cheaper against HTX than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BABA-USDT118.490get 0.0000% / 8h3h 58m$30K$18K20x
ShortGRVT BABA_USDT_Perp118.370get 0.0000% / 8h3h 58m$3K$193K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: −0.105% → 0.000%
−$10.46
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$31.46
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: HTX: no order-book sample; GRVT: live order book, 59 min ago. 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 GRVT live order book, 59 min ago2.93 bp7.6 bp −$839.9 bp −$399doesn'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%8h118.24−0.209%$70K$35K20xas long as short
Bybit BABAUSDT0.0000%8h118.32−0.143%$2.1M$698K25xas long as short
Gate BABA_USDT0.0000%8h118.33−0.135%$1.5M$1.9M50xas long as short
GRVT BABA_USDT_Perpshort0.0000%8h118.37−0.105%$3K$193K10x
SunX BABA-USDT0.0000%8h118.34−0.127%$869$3.4M20xas long as short
HTX BABA-USDTlong0.0000%8h118.49long leg$30K$18K20x
Lighter BABA+0.0032%1h118.39−0.084%$377K$73K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−2.236%$11K$26K12xas long as short
Lighter RH BABA+0.0040%1h118.32−0.143%$438K$507K10xas long as short
Arcus BABA-USD+0.0040%1h118.29−0.169%$72K$109K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h118.35−0.118%$19K10xas long as short
Polymarket Perps BABA-USD+0.0050%1h118.28−0.177%$9K$266K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h118.28−0.177%$238K$406K10xas long as short
QFEX BABA-USD+0.0056%1h118.35−0.118%$1.2M$4.1M10xas long as short
Variational Omni BABA+0.0058%8h118.29−0.165%$266K$658Kas long as short
KuCoin BABAUSDTM+0.0100%8h118.19−0.253%$616K$468K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h118.33−0.135%$2K$79810xas long as short
tradeXYZ xyz:BABA+0.0108%1h118.22−0.228%$11.9M$4.2M10xas long as short
Extended BABA_24_5-USD+0.0136%1h118.31−0.154%$44K$355K10xas long as short
Binance BABAUSDT+0.0137%8h118.33−0.135%$15.6M$30.4M20xas long as short
Phoenix BABA+0.0201%1h118.32−0.143%$66K$89K10xas long as short
Bitget BABAUSDT+0.0455%8h118.32−0.143%$2.4M$1.7M20xas long as short