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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against SunX−0.078%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$291as in the Price arb table
costs, in and out, $10k−$2912.914% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.210%+$21 on $10k
Price spread, last 3 days (all we have)−0.130%−$13 · spread now −0.078%, 7d avg −0.084%
Together, before fees+0.080%+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BABA-USDT115.970get 0.0000% / 8h2h 07m$536$4.2M20x
ShortKuCoin BABAUSDTM115.880.0100get 0.0100% / 8h2h 07m$602K$673K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$21
Price spread: −0.078% → −0.084%
$0.63
Slippage, 4 orders
−$271.44
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$269.8
Costs to cover
2.914%
Break-even
96.9 days
Slippage from SunX: live order book, 10 min ago; KuCoin: live order book, 6 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, 10 min ago45.69 bp64.0 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago14.24 bp69.7 bp −$70doesn't fitdoesn'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%8h116.10+0.109%$73K$25K20xas long as short
Bybit BABAUSDT0.0000%8h115.91−0.052%$2.2M$614K25xas long as short
Gate BABA_USDT0.0000%8h115.970.000%$1.4M$1.7M50xas long as short
Bitget BABAUSDT0.0000%8h115.970.000%$2.5M$1.3M20xas long as short
Variational Omni BABA0.0000%8h115.97−0.001%$300K$620Kas long as short
SunX BABA-USDTlong0.0000%8h115.97long leg$536$4.2M20x
HTX BABA-USDT0.0000%8h115.99+0.017%$37K$2K20xas long as short
GRVT BABA_USDT_Perp+0.0022%8h115.99+0.017%$3K$269K10xas long as short
Lighter BABA+0.0032%1h116.12+0.129%$384K$51K10xas long as short
Lighter RH BABA+0.0032%1h115.94−0.026%$445K$595K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BABA/USDC PERP+0.0033%1h115.84−0.112%$11K$26K12xas long as short
Extended BABA_24_5-USD+0.0040%1h115.94−0.022%$42K$383K10xas long as short
Binance BABAUSDT+0.0040%8h115.96−0.009%$15.3M$21.1M20xas long as short
QFEX BABA-USD+0.0042%1h115.95−0.017%$1.2M$5.0M10xas long as short
Vest BABA-USD-PERP+0.0046%1h115.98+0.009%$9K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h115.91−0.052%$12.1M$3.0M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h115.94−0.026%$10K$263K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h115.90−0.060%$249K$336K10xas long as short
KuCoin BABAUSDTMshort+0.0100%8h115.88−0.078%$602K$673K20x
Orderly PERP_BABA_USDC_mythos+0.0100%8h115.99+0.017%$2K$1K10xas long as short
Phoenix BABA+0.0207%1h115.95−0.017%$79K$129K10xas long as short
Arcus BABA-USD+0.0643%1h115.94−0.026%$79K$93K10xas long as short