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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against HTX−0.179%7-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 airdropOndo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Ondo Perps is 0.179% cheaper against HTX than usual: you would sell low and buy high (spread −0.179% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 12 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BABA-USDT117.240get 0.0000% / 8h7h 55m$30K$19K20x
ShortOndo Perps BABA-USD.P117.030.0050get 0.0006% / 1h55m 11s$231K$421K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$10.58
Price spread: −0.179% → 0.000%
−$17.91
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$24.33
Costs to cover
0.170%
Break-even
23.1 days
Slippage unknown: HTX: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell Ondo Perps no order-book sample
HTX and Ondo Perps: 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%8h117.05−0.158%$68K$41K20xas long as short
Bybit BABAUSDT0.0000%8h117.12−0.102%$2.1M$722K25xas long as short
Gate BABA_USDT0.0000%8h117.14−0.085%$1.5M$1.9M50xas long as short
Bitget BABAUSDT0.0000%8h117.13−0.094%$2.3M$2.0M20xas long as short
SunX BABA-USDT0.0000%8h117.16−0.068%$885$2.9M20xas long as short
HTX BABA-USDTlong0.0000%8h117.24long leg$30K$19K20x
Lighter BABA+0.0032%1h117.240.000%$373K$71K10xas long as short
Lighter RH BABA+0.0032%1h117.13−0.094%$436K$494K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.194%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h117.10−0.119%$70K$140K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h117.10−0.119%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h117.04−0.171%$11.8M$4.5M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h117.04−0.171%$8K$281K10xas long as short
Ondo Perps BABA-USD.Pshort+0.0050%1h117.03−0.179%$231K$421K10x
QFEX BABA-USD+0.0080%1h117.15−0.077%$1.2M$3.0M10xas long as short
KuCoin BABAUSDTM+0.0100%8h117.00−0.205%$609K$398K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h117.19−0.043%$2K$79810xas long as short
Variational Omni BABA+0.0106%8h117.19−0.042%$338K$779Kas long as short
Binance BABAUSDT+0.0164%8h117.15−0.077%$15.3M$31.7M20xas long as short
Extended BABA_24_5-USD+0.0168%1h117.15−0.079%$43K$311K10xas long as short
Phoenix BABA+0.0205%1h117.11−0.111%$66K$89K10xas long as short
GRVT BABA_USDT_Perp+0.0636%8h117.20−0.034%$3K$184K10xas long as short