Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against SunX−0.136%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.136% cheaper against SunX than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 10.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BABA-USDT	117.28	0	get 0.0000% / 8h	7h 48m	$903	$2.9M	20x
Short	Vest BABA-USD-PERP	117.12	0.0046	get 0.0006% / 1h	48m 49s	—	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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

Position, each leg$Hold fordaysFee SunXbpFee VestbpOrdersPrice spread, now −0.136%Rate

Funding earned: $9.59
Price spread: −0.136% → 0.000%: −$13.64
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$14.05
Costs to cover: 0.100%
Break-even: 17.3 days

Slippage unknown: SunX: live order book, 9 min ago; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 9 min ago	46.08 bp	64.0 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BABAUSDT	0.0000%	8h	117.08	−0.174%	$68K	$41K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.22	−0.051%	$2.1M	$726K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.27	−0.009%	$1.5M	$1.9M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.21	−0.060%	$2.3M	$1.9M	20x	as long as short
SunX BABA-USDTlong	0.0000%	8h	117.28	long leg	$903	$2.9M	20x
HTX BABA-USDT	+0.0024%	8h	117.33	+0.043%	$30K	$19K	20x	as long as short
Lighter BABA	+0.0032%	1h	117.29	+0.009%	$373K	$71K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	117.21	−0.060%	$436K	$494K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.228%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	117.15	−0.111%	$70K	$140K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERPshort	+0.0046%	1h	117.12	−0.136%	—	$19K	10x
Polymarket Perps BABA-USD	+0.0050%	1h	117.07	−0.179%	$8K	$281K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.04	−0.205%	$231K	$421K	10x	as long as short
tradeXYZ xyz:BABA	+0.0071%	1h	117.14	−0.119%	$12.0M	$4.6M	10x	as long as short
QFEX BABA-USD	+0.0080%	1h	117.26	−0.017%	$1.2M	$3.0M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.11	−0.145%	$612K	$401K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.24	−0.034%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0109%	8h	117.19	−0.080%	$338K	$721K	—	as long as short
GRVT BABA_USDT_Perp	+0.0130%	8h	117.16	−0.098%	$3K	$184K	10x	as long as short
Extended BABA_24_5-USD	+0.0168%	1h	117.25	−0.025%	$43K	$311K	10x	as long as short
Binance BABAUSDT	+0.0171%	8h	117.28	0.000%	$15.3M	$31.6M	20x	as long as short
Phoenix BABA	+0.0273%	1h	117.12	−0.136%	$66K	$89K	10x	as long as short