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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%
Price spread now: Ondo Perps against KuCoin−0.043%105s7-day average −0.028% · 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 7 days−0.068%−$7 on $10k
Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.043%, 7d avg −0.028%
Together, before fees−0.076%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BABAUSDTM117.240.0100pay 0.0100% / 8h1h 48m$610K$409K20x
ShortOndo Perps BABA-USD.P117.190.0050get 0.0006% / 1h48m 48s$225K$418K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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
−$10.42
Price spread: −0.043% → −0.028%
−$1.45
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$28.87
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 70 min ago; 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 KuCoin live order book, 70 min ago22.87 bp80.5 bp −$81doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
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%8h117.40+0.139%$69K$36K20xas long as short
Bybit BABAUSDT0.0000%8h117.27+0.026%$2.1M$732K25xas long as short
Gate BABA_USDT0.0000%8h117.29+0.043%$1.5M$2.0M50xas long as short
Bitget BABAUSDT0.0000%8h117.27+0.026%$2.4M$1.8M20xas long as short
SunX BABA-USDT0.0000%8h117.28+0.034%$732$3.3M20xas long as short
HTX BABA-USDT0.0000%8h117.32+0.068%$30K$19K20xas long as short
Lighter BABA+0.0032%1h117.37+0.111%$373K$72K10xas long as short
Lighter RH BABA+0.0032%1h117.26+0.017%$435K$510K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.194%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h117.240.000%$71K$110K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h117.30+0.051%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h117.22−0.017%$11.8M$4.4M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h117.20−0.034%$8K$285K10xas long as short
Ondo Perps BABA-USD.Pshort+0.0050%1h117.19−0.043%$225K$418K10x
GRVT BABA_USDT_Perp+0.0059%8h117.30+0.051%$2K$193K10xas long as short
QFEX BABA-USD+0.0063%1h117.26+0.017%$1.2M$3.1M10xas long as short
Variational Omni BABA+0.0087%8h117.27+0.022%$264K$658Kas long as short
KuCoin BABAUSDTMlong+0.0100%8h117.24long leg$610K$409K20x
Orderly PERP_BABA_USDC_mythos+0.0100%8h117.25+0.009%$2K$79810xas long as short
Extended BABA_24_5-USD+0.0152%1h117.25+0.010%$44K$352K10xas long as short
Binance BABAUSDT+0.0152%8h117.28+0.033%$15.3M$32.0M20xas long as short
Phoenix BABA+0.0204%1h117.32+0.068%$66K$89K10xas long as short