Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Gate against Vest+0.117%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Gate is 0.117% dearer against Vest than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BABA-USD-PERP	119.51	0.0046	pay 0.0006% / 1h	34m 28s	—	$19K	10x
Short	Gate BABA_USDT	119.65	0	get 0.0000% / 8h	5h 34m	$1.5M	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Vest. 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 VestbpFee GatebpOrdersPrice spread, now +0.117%Rate

Funding earned: −$9.59
Price spread: +0.117% → 0.000%: $11.71
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$14.88
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 3 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	1.25 bp	22.2 bp −$22	265.4 bp −$2,654	doesn't fit	doesn't fit

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	119.51	−0.001%	$78K	$28K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	119.45	−0.050%	$2.2M	$628K	25x	as long as short
Gate BABA_USDTshort	0.0000%	8h	119.65	+0.117%	$1.5M	$1.7M	50x
GRVT BABA_USDT_Perp	0.0000%	8h	119.45	−0.050%	$3K	$219K	10x	as long as short
SunX BABA-USDT	0.0000%	8h	119.55	+0.033%	$973	$3.5M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	119.67	+0.134%	$35K	$8K	20x	as long as short
Lighter BABA	+0.0032%	1h	119.57	+0.050%	$380K	$69K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	119.57	+0.050%	$432K	$497K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−3.071%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	119.20	−0.259%	$72K	$109K	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-PERPlong	+0.0046%	1h	119.51	long leg	—	$19K	10x
tradeXYZ xyz:BABA	+0.0050%	1h	119.31	−0.167%	$12.2M	$3.7M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	119.31	−0.167%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	119.42	−0.075%	$244K	$384K	10x	as long as short
QFEX BABA-USD	+0.0061%	1h	119.49	−0.017%	$1.2M	$4.4M	10x	as long as short
Variational Omni BABA	+0.0095%	8h	119.43	−0.070%	$268K	$658K	—	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	119.30	−0.176%	$621K	$515K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	119.54	+0.025%	$2K	$798	10x	as long as short
Extended BABA_24_5-USD	+0.0160%	1h	119.53	+0.015%	$44K	$368K	10x	as long as short
Binance BABAUSDT	+0.0161%	8h	119.39	−0.100%	$16.0M	$25.4M	20x	as long as short
Phoenix BABA	+0.0203%	1h	118.57	−0.787%	$66K	$68K	10x	as long as short
Bitget BABAUSDT	+0.0578%	8h	119.40	−0.092%	$2.5M	$1.4M	20x	as long as short