Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%

Price spread now: Aster against Injective+0.175%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.175% dearer against Injective than usual: you sell high and buy low (spread +0.175% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BABA/USDC PERP	115.84	0.0033	pay 0.0004% / 1h	56m 58s	$11K	$26K	12x
Short	Aster BABAUSDT	116.04	0	get 0.0000% / 8h	56m 58s	$75K	$27K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +0.175%Rate

Funding earned: −$7
Price spread: +0.175% → 0.000%: $17.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $2.45
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Aster: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Injective and Aster: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BABAUSDTshort	0.0000%	8h	116.04	+0.175%	$75K	$27K	20x
Bybit BABAUSDT	0.0000%	8h	116.15	+0.268%	$2.2M	$602K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.16	+0.276%	$1.4M	$1.6M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.17	+0.285%	$2.5M	$1.3M	20x	as long as short
Variational Omni BABA	0.0000%	8h	116.17	+0.284%	$300K	$620K	—	as long as short
SunX BABA-USDT	0.0000%	8h	116.13	+0.250%	$850	$4.2M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.16	+0.276%	$37K	$2K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0001%	8h	116.16	+0.277%	$3K	$254K	10x	as long as short
Lighter BABA	+0.0032%	1h	116.30	+0.397%	$384K	$49K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	116.17	+0.285%	$446K	$580K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BABA/USDC PERPlong	+0.0033%	1h	115.84	long leg	$11K	$26K	12x
Vest BABA-USD-PERP	+0.0046%	1h	116.14	+0.259%	—	$9K	10x	as long as short
Binance BABAUSDT	+0.0047%	8h	116.16	+0.280%	$15.4M	$21.0M	20x	as long as short
QFEX BABA-USD	+0.0047%	1h	116.12	+0.242%	$1.2M	$5.1M	10x	as long as short
Extended BABA_24_5-USD	+0.0048%	1h	116.13	+0.253%	$42K	$383K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.12	+0.242%	$12.1M	$3.0M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.04	+0.173%	$10K	$263K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.03	+0.164%	$250K	$348K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.09	+0.216%	$602K	$614K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.14	+0.259%	$2K	$1K	10x	as long as short
Phoenix BABA	+0.0276%	1h	116.20	+0.311%	$65K	$143K	10x	as long as short
Arcus BABA-USD	+0.0394%	1h	116.13	+0.250%	$78K	$94K	10x	as long as short