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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0148%/8h= +16.2% APRnext payment +$1.48 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against SunX+0.051%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
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and HTX is 0.051% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BABA-USDT117.330get 0.0000% / 8h7h 37m$886$2.8M20x
ShortHTX BABA-USDT117.390.0148get 0.0148% / 8h7h 37m$30K$19K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$31.12
Price spread: +0.051% → 0.000%
$5.11
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
$16.23
Costs to cover
0.200%
Break-even
3.3 days
Slippage unknown: SunX: live order book, 10 min ago; 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 SunX live order book, 10 min ago46.89 bp64.8 bp −$65doesn't fitdoesn't fitdoesn't fit
Sell HTX no order-book sample
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%8h117.13−0.170%$68K$41K20xas long as short
Bybit BABAUSDT0.0000%8h117.28−0.043%$2.1M$728K25xas long as short
Gate BABA_USDT0.0000%8h117.32−0.009%$1.5M$1.9M50xas long as short
Bitget BABAUSDT0.0000%8h117.28−0.043%$2.3M$1.9M20xas long as short
SunX BABA-USDTlong0.0000%8h117.33long leg$886$2.8M20x
Lighter BABA+0.0032%1h117.39+0.051%$374K$71K10xas long as short
Lighter RH BABA+0.0032%1h117.31−0.017%$436K$494K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.270%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h117.23−0.085%$70K$140K10xas long as short
Vest BABA-USD-PERP+0.0046%1h117.29−0.034%$19K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps BABA-USD+0.0050%1h117.21−0.102%$8K$281K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h117.28−0.043%$232K$421K10xas long as short
QFEX BABA-USD+0.0080%1h117.32−0.009%$1.2M$2.9M10xas long as short
KuCoin BABAUSDTM+0.0100%8h117.18−0.128%$613K$405K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h117.34+0.009%$2K$79810xas long as short
tradeXYZ xyz:BABA+0.0118%1h117.26−0.060%$12.0M$4.6M10xas long as short
Variational Omni BABA+0.0144%8h117.33+0.001%$337K$722Kas long as short
HTX BABA-USDTshort+0.0148%8h117.39+0.051%$30K$19K20x
Binance BABAUSDT+0.0199%8h117.34+0.006%$15.3M$31.5M20xas long as short
Extended BABA_24_5-USD+0.0200%1h117.31−0.021%$47K$312K10xas long as short
Phoenix BABA+0.0273%1h117.27−0.051%$66K$89K10xas long as short
GRVT BABA_USDT_Perp+0.0705%8h117.33−0.004%$3K$184K10xas long as short