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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against Aster−0.064%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. Orderly is 0.064% cheaper against Aster than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BABAUSDT117.010get 0.0000% / 8h1h 00m$68K$36K20x
ShortOrderly PERP_BABA_USDC_mythos116.940.0100get 0.0100% / 8h1h 00m$2K$79810x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Aster. 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: −0.064% → 0.000%
−$6.39
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
$0.61
Costs to cover
0.140%
Break-even
6.8 days
Slippage unknown: Aster: no order-book sample; Orderly: 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 Aster no order-book sample
Sell Orderly no order-book sample
Aster and Orderly: 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 BABAUSDTlong0.0000%8h117.01long leg$68K$36K20x
Bybit BABAUSDT0.0000%8h116.96−0.047%$2.1M$731K25xas long as short
Gate BABA_USDT0.0000%8h116.94−0.064%$1.5M$2.1M50xas long as short
Bitget BABAUSDT0.0000%8h116.99−0.021%$2.3M$1.9M20xas long as short
SunX BABA-USDT0.0000%8h116.93−0.072%$744$3.2M20xas long as short
HTX BABA-USDT0.0000%8h116.99−0.021%$30K$19K20xas long as short
GRVT BABA_USDT_Perp+0.0017%8h116.96−0.047%$2K$192K10xas long as short
Lighter BABA+0.0032%1h117.01−0.004%$372K$72K10xas long as short
Lighter RH BABA+0.0032%1h116.91−0.090%$434K$512K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.004%$11K$26K12xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BABA+0.0037%8h116.92−0.081%$365K$747Kas long as short
Arcus BABA-USD+0.0040%1h116.89−0.107%$71K$110K10xas long as short
Vest BABA-USD-PERP+0.0046%1h116.93−0.072%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h116.85−0.141%$11.7M$4.5M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h116.86−0.132%$8K$285K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h116.88−0.115%$229K$427K10xas long as short
QFEX BABA-USD+0.0063%1h116.94−0.064%$1.3M$3.0M10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.92−0.081%$609K$382K20xas long as short
Orderly PERP_BABA_USDC_mythosshort+0.0100%8h116.94−0.064%$2K$79810x
Binance BABAUSDT+0.0110%8h116.94−0.063%$15.1M$32.5M20xas long as short
Extended BABA_24_5-USD+0.0112%1h116.90−0.100%$44K$293K10xas long as short
Phoenix BABA+0.0204%1h116.92−0.081%$65K$89K10xas long as short