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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against HTX−0.135%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 feesneeds both histories
Funding pays, the price is against you. Orderly is 0.135% cheaper against HTX than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 4.5 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BABA-USDT118.490get 0.0000% / 8h3h 57m$30K$18K20x
ShortOrderly PERP_BABA_USDC_mythos118.330.0100get 0.0100% / 8h3h 57m$2K$79810x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$21
Price spread: −0.135% → 0.000%
−$13.5
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$10.5
Costs to cover
0.180%
Break-even
10.5 days
Slippage unknown: HTX: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell Orderly no order-book sample
HTX and 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.
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%8h118.32−0.143%$1.5M$1.9M50xas long as short
GRVT BABA_USDT_Perp0.0000%8h118.37−0.105%$3K$193K10xas long as short
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%1h118.40−0.076%$377K$73K10xas long as short
Lighter RH BABA+0.0032%1h118.32−0.143%$438K$507K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−2.236%$11K$26K12xas 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
tradeXYZ xyz:BABA+0.0066%1h118.22−0.228%$11.9M$4.2M10xas long as short
KuCoin BABAUSDTM+0.0100%8h118.24−0.211%$616K$468K20xas long as short
Orderly PERP_BABA_USDC_mythosshort+0.0100%8h118.33−0.135%$2K$79810x
Extended BABA_24_5-USD+0.0136%1h118.30−0.162%$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+0.0450%8h118.31−0.152%$2.4M$1.7M20xas long as short