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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Ondo Perps against Injective+2.650%7-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 4 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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 2.650% dearer against Injective than usual: you sell high and buy low: +$265 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BABA/USDC PERP115.840.0033pay 0.0004% / 1h20m 09s$11K$26K12x
ShortOndo Perps BABA-USD.P118.910.0050get 0.0006% / 1h20m 09s$226K$424K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
$3.58
Price spread: +2.650% → 0.000%
$265.02
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$263.58
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Injective: 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 Injective no order-book sample
Sell Ondo Perps no order-book sample
Injective 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 exchanges

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%8h118.97+2.699%$69K$40K20xas long as short
Bybit BABAUSDT0.0000%8h119.02+2.745%$2.2M$704K25xas long as short
Gate BABA_USDT0.0000%8h119.01+2.737%$1.5M$2.0M50xas long as short
Bitget BABAUSDT0.0000%8h118.98+2.711%$2.3M$2.1M20xas long as short
SunX BABA-USDT0.0000%8h118.99+2.719%$671$2.7M20xas long as short
HTX BABA-USDT0.0000%8h119.06+2.780%$30K$19K20xas long as short
Lighter BABA+0.0032%1h119.08+2.797%$381K$73K10xas long as short
Lighter RH BABA+0.0032%1h118.98+2.711%$433K$517K10xas long as short
Injective BABA/USDC PERPlong+0.0033%1h115.84long leg$11K$26K12x
Vest BABA-USD-PERP+0.0046%1h119.04+2.762%$19K10xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:BABA+0.0050%1h118.91+2.650%$11.9M$4.8M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h118.92+2.659%$8K$243K10xas long as short
Ondo Perps BABA-USD.Pshort+0.0050%1h118.91+2.650%$226K$424K10x
QFEX BABA-USD+0.0080%1h118.98+2.711%$1.2M$2.9M10xas long as short
KuCoin BABAUSDTM+0.0100%8h118.89+2.633%$620K$488K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h119.02+2.745%$2K$79810xas long as short
Variational Omni BABA+0.0237%8h119.00+2.728%$362K$662Kas long as short
Phoenix BABA+0.0271%1h118.96+2.693%$67K$88K10xas long as short
Binance BABAUSDT+0.0276%8h119.00+2.728%$15.1M$33.2M20xas long as short
Extended BABA_24_5-USD+0.0280%1h118.99+2.718%$46K$314K10xas long as short
Arcus BABA-USD+0.0335%1h118.95+2.685%$71K$135K10xas long as short
GRVT BABA_USDT_Perp+0.0349%8h118.94+2.676%$3K$180K10xas long as short