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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Ondo Perps against tradeXYZ−0.086%7-day average −0.019% · you buy dearer than you sell
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 7 days−0.034%−$3 on $10k
Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.086%, 7d avg −0.019%
Together, before fees+0.020%+ Points / potential airdroptradeXYZ: Active · Ondo Perps: Active · farm board+$2 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: Ondo Perps is 0.067% cheaper against tradeXYZ than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:BABA116.710.0050pay 0.0006% / 1h25m 21s$11.7M$4.4M10x
ShortOndo Perps BABA-USD.P116.610.0050get 0.0006% / 1h25m 21s$227K$420K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against tradeXYZ. 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
$0.08
Price spread: −0.086% → −0.019%
−$6.71
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$29.62
Costs to cover
0.230%
Break-even
2475.6 days
Slippage unknown: tradeXYZ: live order book, 4 min ago; Ondo Perps: 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 tradeXYZ live order book, 4 min ago1.29 bp12.9 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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%8h116.94+0.195%$68K$36K20xas long as short
Bybit BABAUSDT0.0000%8h116.87+0.137%$2.1M$733K25xas long as short
Gate BABA_USDT0.0000%8h116.82+0.094%$1.5M$2.0M50xas long as short
Bitget BABAUSDT0.0000%8h116.84+0.111%$2.4M$1.8M20xas long as short
SunX BABA-USDT0.0000%8h116.81+0.086%$609$3.3M20xas long as short
HTX BABA-USDT0.0000%8h116.80+0.077%$30K$19K20xas long as short
GRVT BABA_USDT_Perp+0.0027%8h116.77+0.050%$2K$194K10xas long as short
Lighter BABA+0.0032%1h116.83+0.103%$372K$72K10xas long as short
Lighter RH BABA+0.0032%1h116.79+0.069%$433K$511K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−0.745%$11K$26K12xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BABA-USD+0.0040%1h116.74+0.026%$71K$110K10xas long as short
Vest BABA-USD-PERP+0.0046%1h116.79+0.069%$19K10xas long as short
tradeXYZ xyz:BABAlong+0.0050%1h116.71long leg$11.7M$4.4M10x
Polymarket Perps BABA-USD+0.0050%1h116.72+0.009%$8K$285K10xas long as short
Ondo Perps BABA-USD.Pshort+0.0050%1h116.61−0.086%$227K$420K10x
Variational Omni BABA+0.0053%8h116.82+0.094%$364K$753Kas long as short
QFEX BABA-USD+0.0063%1h116.78+0.060%$1.2M$3.1M10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.79+0.069%$608K$392K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h116.81+0.086%$2K$79810xas long as short
Extended BABA_24_5-USD+0.0120%1h116.80+0.079%$43K$304K10xas long as short
Binance BABAUSDT+0.0122%8h116.83+0.101%$15.1M$32.5M20xas long as short
Phoenix BABA+0.0204%1h116.77+0.051%$65K$89K10xas long as short