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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Aster against Ondo Perps+0.053%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 7 days−0.141%−$14 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.053% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps BABA-USD.P118.120.0050pay 0.0006% / 1h41m 02s$235K$377K10x
ShortAster BABAUSDT118.180get 0.0000% / 8h5h 41m$78K$27K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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: +0.053% → 0.000%
$5.33
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$18.26
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Aster no order-book sample
Ondo Perps 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BABAUSDTshort0.0000%8h118.18+0.053%$78K$27K20x
Bybit BABAUSDT0.0000%8h118.35+0.195%$2.2M$581K25xas long as short
Gate BABA_USDT0.0000%8h118.29+0.144%$1.5M$1.7M50xas long as short
GRVT BABA_USDT_Perp0.0000%8h118.23+0.093%$3K$220K10xas long as short
SunX BABA-USDT0.0000%8h118.29+0.144%$685$3.5M20xas long as short
HTX BABA-USDT0.0000%8h118.32+0.169%$35K$8K20xas long as short
Lighter BABA+0.0032%1h118.36+0.203%$390K$46K10xas long as short
Lighter RH BABA+0.0032%1h118.20+0.068%$428K$496K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.930%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h118.13+0.008%$72K$109K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h118.25+0.110%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h118.23+0.093%$12.1M$3.6M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h118.20+0.068%$10K$264K10xas long as short
Ondo Perps BABA-USD.Plong+0.0050%1h118.12long leg$235K$377K10x
QFEX BABA-USD+0.0061%1h118.23+0.093%$1.2M$4.4M10xas long as short
Variational Omni BABA+0.0092%8h118.27+0.129%$266K$658Kas long as short
KuCoin BABAUSDTM+0.0100%8h118.18+0.051%$615K$517K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h118.26+0.119%$2K$79810xas long as short
Binance BABAUSDT+0.0159%8h118.29+0.144%$15.6M$24.0M20xas long as short
Extended BABA_24_5-USD+0.0160%1h118.25+0.112%$46K$365K10xas long as short
Phoenix BABA+0.0203%1h118.17+0.042%$66K$68K10xas long as short
Bitget BABAUSDT+0.0357%8h118.29+0.144%$2.5M$1.3M20xas long as short