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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%
Price spread now: Bitget against SunX−0.060%50s7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1591.586% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.026%+$3 on $10k
Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.060%, 7d avg +0.034%
Together, before fees+0.016%+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.094% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.034%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BABA-USDT116.490get 0.0000% / 8h7m 26s$705$4.2M20x
ShortBitget BABAUSDT116.420get 0.0000% / 8h7m 26s$2.5M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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
$0
Price spread: −0.060% → +0.034%
−$9.4
Slippage, 4 orders
−$138.65
Fee SunX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$168.05
Costs to cover
1.586%
Break-even
never at this rate
Slippage from SunX: live order book, 11 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 11 min ago45.94 bp64.3 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago2.15 bp14.6 bp −$1546.6 bp −$466doesn't fitdoesn't fit

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%8h116.44−0.046%$75K$27K20xas long as short
Bybit BABAUSDT0.0000%8h116.43−0.052%$2.2M$600K25xas long as short
Gate BABA_USDT0.0000%8h116.490.000%$1.4M$1.7M50xas long as short
Bitget BABAUSDTshort0.0000%8h116.42−0.060%$2.5M$1.4M20x
SunX BABA-USDTlong0.0000%8h116.49long leg$705$4.2M20x
HTX BABA-USDT0.0000%8h116.47−0.017%$37K$2K20xas long as short
Lighter RH BABA+0.0032%1h116.490.000%$444K$593K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−0.558%$11K$26K12xas long as short
Vest BABA-USD-PERP+0.0046%1h116.46−0.026%$9K10xas long as short
QFEX BABA-USD+0.0047%1h116.46−0.026%$1.2M$5.2M10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps BABA-USD+0.0050%1h116.38−0.094%$10K$265K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h116.19−0.258%$243K$354K10xas long as short
Lighter BABA+0.0072%1h116.61+0.103%$385K$50K10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.40−0.077%$604K$574K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h116.48−0.009%$2K$1K10xas long as short
tradeXYZ xyz:BABA+0.0105%1h116.41−0.069%$12.1M$3.1M10xas long as short
Variational Omni BABA+0.0134%8h116.44−0.040%$301K$619Kas long as short
GRVT BABA_USDT_Perp+0.0139%8h116.47−0.017%$2K$246K10xas long as short
Binance BABAUSDT+0.0208%8h116.48−0.010%$15.4M$22.0M20xas long as short
Extended BABA_24_5-USD+0.0208%1h116.46−0.024%$42K$383K10xas long as short
Phoenix BABA+0.0276%1h116.44−0.043%$65K$143K10xas long as short
Arcus BABA-USD+0.0394%1h116.490.000%$75K$100K10xas long as short