Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: KuCoin against Vest−0.101%7-day average — · you buy dearer than you sell

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

Long on Vest Short on KuCoin

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

Funding pays, the price is against you. KuCoin is 0.101% cheaper against Vest than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BABA-USD-PERP	118.25	0.0046	pay 0.0006% / 1h	46m 03s	—	$19K	10x
Short	KuCoin BABAUSDTM	118.13	0.0100	get 0.0100% / 8h	3h 46m	$616K	$460K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.101%Rate

Funding earned: $11.41
Price spread: −0.101% → 0.000%: −$10.15
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12.74
Costs to cover: 0.140%
Break-even: 14.8 days

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 28 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 KuCoin live order book, 28 min ago	19.45 bp	42.4 bp −$42	doesn't fit	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	118.19	−0.049%	$70K	$35K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	118.33	+0.068%	$2.1M	$704K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.37	+0.101%	$1.5M	$1.9M	50x	as long as short
GRVT BABA_USDT_Perp	0.0000%	8h	118.13	−0.104%	$3K	$193K	10x	as long as short
SunX BABA-USDT	0.0000%	8h	118.29	+0.034%	$775	$3.4M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	118.22	−0.025%	$30K	$18K	20x	as long as short
Lighter BABA	+0.0032%	1h	118.41	+0.135%	$377K	$73K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	118.34	+0.076%	$438K	$507K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−2.038%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	118.12	−0.110%	$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	118.25	long leg	—	$19K	10x
tradeXYZ xyz:BABA	+0.0050%	1h	118.27	+0.017%	$12.0M	$4.2M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	118.20	−0.042%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	118.10	−0.127%	$238K	$405K	10x	as long as short
Variational Omni BABA	+0.0051%	8h	118.32	+0.063%	$266K	$658K	—	as long as short
QFEX BABA-USD	+0.0056%	1h	118.26	+0.008%	$1.2M	$4.0M	10x	as long as short
KuCoin BABAUSDTMshort	+0.0100%	8h	118.13	−0.101%	$616K	$460K	20x
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.29	+0.034%	$2K	$798	10x	as long as short
Extended BABA_24_5-USD	+0.0128%	1h	118.28	+0.027%	$43K	$358K	10x	as long as short
Binance BABAUSDT	+0.0130%	8h	118.38	+0.110%	$15.6M	$30.6M	20x	as long as short
Phoenix BABA	+0.0203%	1h	118.08	−0.144%	$66K	$90K	10x	as long as short
Bitget BABAUSDT	+0.0351%	8h	118.35	+0.085%	$2.4M	$1.7M	20x	as long as short