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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: HTX against Ondo Perps+0.084%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 5 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
The price spread pays, funding is against you. HTX is 0.084% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps BABA-USD.P119.670.0050pay 0.0006% / 1h51m 00s$213K$446K10x
ShortHTX BABA-USDT119.770get 0.0000% / 8h5h 51m$30K$19K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: +0.084% → 0.000%
$8.36
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$19.23
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; HTX: 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 HTX no order-book sample
Ondo Perps and HTX: 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%8h119.62−0.041%$70K$40K20xas long as short
Bybit BABAUSDT0.0000%8h119.69+0.017%$2.2M$711K25xas long as short
Gate BABA_USDT0.0000%8h119.670.000%$1.5M$2.0M50xas long as short
Bitget BABAUSDT0.0000%8h119.670.000%$2.3M$2.2M20xas long as short
SunX BABA-USDT0.0000%8h119.65−0.017%$696$2.5M20xas long as short
HTX BABA-USDTshort0.0000%8h119.77+0.084%$30K$19K20x
QFEX BABA-USD+0.0029%1h119.64−0.025%$1.2M$2.9M10xas long as short
Lighter BABA+0.0032%1h119.77+0.084%$383K$73K10xas long as short
Lighter RH BABA+0.0032%1h119.64−0.025%$436K$509K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−3.200%$11K$26K12xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BABA-USD+0.0040%1h119.670.000%$72K$134K10xas long as short
Vest BABA-USD-PERP+0.0046%1h119.81+0.117%$19K10xas long as short
Polymarket Perps BABA-USD+0.0050%1h119.56−0.092%$8K$177K10xas long as short
Ondo Perps BABA-USD.Plong+0.0050%1h119.67long leg$213K$446K10x
tradeXYZ xyz:BABA+0.0075%1h119.61−0.050%$12.0M$4.8M10xas long as short
KuCoin BABAUSDTM+0.0100%8h119.62−0.042%$623K$518K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h119.66−0.008%$2K$79810xas long as short
Variational Omni BABA+0.0223%8h119.93+0.221%$375K$672Kas long as short
GRVT BABA_USDT_Perp+0.0249%8h119.78+0.092%$3K$180K10xas long as short
Extended BABA_24_5-USD+0.0264%1h119.61−0.046%$47K$312K10xas long as short
Binance BABAUSDT+0.0266%8h119.65−0.013%$15.1M$33.8M20xas long as short
Phoenix BABA+0.0267%1h119.76+0.075%$67K$109K10xas long as short