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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment $1.00 per $10,000 · paid last 24h −0.030%
Price spread now: HTX against Orderly+0.026%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 feesneeds both histories
The price spread pays, funding is against you. HTX is 0.026% dearer against Orderly than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_BABA_USDC_mythos116.450.0100pay 0.0100% / 8h7h 30m$2K$79810x
ShortHTX BABA-USDT116.480get 0.0000% / 8h7h 30m$37K$2K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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
−$21
Price spread: +0.026% → 0.000%
$2.58
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
−$36.42
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Orderly: 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 Orderly no order-book sample
Sell HTX no order-book sample
Orderly 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 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%8h116.42−0.027%$75K$27K20xas long as short
Bybit BABAUSDT0.0000%8h116.47+0.017%$2.2M$583K25xas long as short
Gate BABA_USDT0.0000%8h116.41−0.034%$1.4M$1.6M50xas long as short
Bitget BABAUSDT0.0000%8h116.40−0.043%$2.5M$1.3M20xas long as short
GRVT BABA_USDT_Perp0.0000%8h116.38−0.061%$3K$235K10xas long as short
SunX BABA-USDT0.0000%8h116.450.000%$679$4.1M20xas long as short
HTX BABA-USDTshort0.0000%8h116.48+0.026%$37K$2K20x
Lighter RH BABA+0.0032%1h116.37−0.069%$444K$482K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−0.524%$11K$26K12xas long as short
Lighter BABA+0.0040%1h116.52+0.060%$385K$50K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h116.39−0.052%$9K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h116.35−0.086%$12.1M$2.9M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h116.34−0.094%$10K$264K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h116.30−0.129%$239K$342K10xas long as short
QFEX BABA-USD+0.0072%1h116.43−0.017%$1.2M$5.1M10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.37−0.069%$603K$549K20xas long as short
Orderly PERP_BABA_USDC_mythoslong+0.0100%8h116.45long leg$2K$79810x
Variational Omni BABA+0.0143%8h116.43−0.020%$301K$619Kas long as short
Extended BABA_24_5-USD+0.0200%1h116.39−0.055%$42K$510K10xas long as short
Binance BABAUSDT+0.0204%8h116.43−0.019%$15.4M$21.6M20xas long as short
Phoenix BABA+0.0343%1h116.39−0.052%$65K$133K10xas long as short
Arcus BABA-USD+0.0626%1h116.38−0.060%$75K$100K10xas long as short