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 0.000%
Price spread now: Gate against SunX+0.026%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1581.581% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.104%+$10 on $10k
Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.026%, 7d avg −0.012%
Together, before fees+0.014%+$1 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: Gate is 0.038% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BABA-USDT116.130get 0.0000% / 8h56m 47s$850$4.2M20x
ShortGate BABA_USDT116.160get 0.0000% / 8h56m 47s$1.4M$1.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.026% → −0.012%
$3.78
Slippage, 4 orders
−$135.08
Fee SunX: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$154.31
Costs to cover
1.581%
Break-even
never at this rate
Slippage from SunX: live order book, 11 min ago; Gate: live order book, 1 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 ago22.00 bp86.2 bp −$86doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 1 min ago3.01 bp12.7 bp −$1372.0 bp −$720doesn'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%8h116.04−0.076%$75K$27K20xas long as short
Bybit BABAUSDT0.0000%8h116.15+0.017%$2.2M$602K25xas long as short
Gate BABA_USDTshort0.0000%8h116.16+0.026%$1.4M$1.6M50x
Bitget BABAUSDT0.0000%8h116.19+0.052%$2.5M$1.3M20xas long as short
Variational Omni BABA0.0000%8h116.17+0.034%$300K$620Kas long as short
SunX BABA-USDTlong0.0000%8h116.13long leg$850$4.2M20x
HTX BABA-USDT0.0000%8h116.16+0.026%$37K$2K20xas long as short
GRVT BABA_USDT_Perp+0.0001%8h116.16+0.027%$3K$254K10xas long as short
Lighter BABA+0.0032%1h116.30+0.146%$384K$49K10xas long as short
Lighter RH BABA+0.0032%1h116.18+0.043%$446K$580K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BABA/USDC PERP+0.0033%1h115.84−0.250%$11K$26K12xas long as short
Vest BABA-USD-PERP+0.0046%1h116.14+0.009%$9K10xas long as short
QFEX BABA-USD+0.0047%1h116.12−0.009%$1.2M$5.1M10xas long as short
Extended BABA_24_5-USD+0.0048%1h116.13+0.003%$42K$383K10xas long as short
Binance BABAUSDT+0.0048%8h116.18+0.043%$15.4M$21.1M20xas long as short
tradeXYZ xyz:BABA+0.0050%1h116.12−0.009%$12.1M$3.0M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h116.04−0.077%$10K$263K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h116.03−0.086%$250K$348K10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.09−0.034%$602K$614K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h116.14+0.009%$2K$1K10xas long as short
Phoenix BABA+0.0276%1h116.20+0.060%$65K$143K10xas long as short
Arcus BABA-USD+0.0394%1h116.130.000%$78K$94K10xas long as short