Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.002%

Price spread now: tradeXYZ against Orderly−0.077%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on tradeXYZ

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.077% cheaper against Orderly than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 10 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BABA_USDC_mythos	116.39	0.0100	pay 0.0100% / 8h	15m 27s	$2K	$1K	10x
Short	tradeXYZ xyz:BABA	116.30	0.0126	get 0.0016% / 1h	15m 27s	$12.1M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Position, each leg$Hold fordaysFee OrderlybpFee tradeXYZbpOrdersPrice spread, now −0.077%Rate

Funding earned: $5.36
Price spread: −0.077% → 0.000%: −$7.73
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$26.37
Costs to cover: 0.240%
Break-even: 41.5 days

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 3 min ago	0.86 bp	11.2 bp −$11	21.5 bp −$215	doesn't fit	doesn't fit

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BABAUSDT	0.0000%	8h	116.34	−0.039%	$75K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.38	−0.009%	$2.2M	$600K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.39	0.000%	$1.4M	$1.7M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.37	−0.017%	$2.5M	$1.4M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.46	+0.060%	$925	$4.2M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.42	+0.026%	$37K	$2K	20x	as long as short
Lighter RH BABA	+0.0032%	1h	116.35	−0.034%	$445K	$591K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.473%	$11K	$26K	12x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.28	−0.095%	—	$9K	10x	as long as short
QFEX BABA-USD	+0.0047%	1h	116.39	0.000%	$1.2M	$5.2M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps BABA-USD	+0.0050%	1h	116.30	−0.077%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.09	−0.258%	$243K	$353K	10x	as long as short
Lighter BABA	+0.0096%	1h	116.50	+0.095%	$385K	$50K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.35	−0.034%	$603K	$581K	20x	as long as short
Orderly PERP_BABA_USDC_mythoslong	+0.0100%	8h	116.39	long leg	$2K	$1K	10x
Variational Omni BABA	+0.0122%	8h	116.45	+0.050%	$301K	$619K	—	as long as short
tradeXYZ xyz:BABAshort	+0.0126%	1h	116.30	−0.077%	$12.1M	$3.1M	10x
GRVT BABA_USDT_Perp	+0.0129%	8h	116.44	+0.040%	$2K	$246K	10x	as long as short
Extended BABA_24_5-USD	+0.0192%	1h	116.37	−0.019%	$42K	$383K	10x	as long as short
Binance BABAUSDT	+0.0201%	8h	116.39	0.000%	$15.4M	$21.9M	20x	as long as short
Phoenix BABA	+0.0276%	1h	116.39	0.000%	$65K	$143K	10x	as long as short
Arcus BABA-USD	+0.0394%	1h	116.36	−0.026%	$77K	$97K	10x	as long as short