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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against SunX−0.143%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1621.619% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.122%−$12 · spread now −0.143%, 7d avg −0.013%
Together, before fees−0.122%−$12 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: Bybit is 0.130% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BABA-USDT119.170get 0.0000% / 8h4h 51m$751$3.6M20x
ShortBybit BABAUSDT119.000get 0.0000% / 8h4h 51m$2.2M$645K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.143% → −0.013%
−$13.01
Slippage, 4 orders
−$142.85
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$174.87
Costs to cover
1.619%
Break-even
never at this rate
Slippage from SunX: live order book, 6 min ago; Bybit: 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, 6 min ago46.01 bp63.9 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago4.18 bp17.1 bp −$17101.5 bp −$1,015doesn'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%8h119.08−0.073%$74K$33K20xas long as short
Bybit BABAUSDTshort0.0000%8h119.00−0.143%$2.2M$645K25x
Gate BABA_USDT0.0000%8h118.93−0.201%$1.5M$1.8M50xas long as short
GRVT BABA_USDT_Perp0.0000%8h119.54+0.313%$3K$217K10xas long as short
SunX BABA-USDTlong0.0000%8h119.17long leg$751$3.6M20x
HTX BABA-USDT0.0000%8h119.23+0.050%$30K$18K20xas long as short
Lighter BABA+0.0032%1h119.170.000%$379K$73K10xas long as short
Lighter RH BABA+0.0032%1h119.08−0.076%$429K$495K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−2.794%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h119.24+0.059%$72K$109K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h119.18+0.008%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h118.84−0.277%$12.0M$4.1M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h119.07−0.084%$9K$266K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h119.03−0.117%$240K$404K10xas long as short
Variational Omni BABA+0.0060%8h119.39+0.181%$269K$658Kas long as short
QFEX BABA-USD+0.0068%1h119.12−0.042%$1.2M$4.4M10xas long as short
KuCoin BABAUSDTM+0.0100%8h118.95−0.185%$619K$500K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h119.07−0.084%$2K$79810xas long as short
Extended BABA_24_5-USD+0.0120%1h119.04−0.110%$43K$365K10xas long as short
Binance BABAUSDT+0.0122%8h118.93−0.201%$15.6M$29.7M20xas long as short
Phoenix BABA+0.0201%1h119.26+0.076%$67K$90K10xas long as short
Bitget BABAUSDT+0.1013%8h119.03−0.117%$2.4M$1.7M20xas long as short