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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%
Price spread now: Vest against Aster−0.152%47s7-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 3 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 · Vest: Active · farm boardneeds both histories
Funding pays, the price is against you. Vest is 0.152% cheaper against Aster than usual: you would sell low and buy high (spread −0.152% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 11 days of funding at the current rate (+$1 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BABAUSDT117.070get 0.0000% / 8h1h 16m$69K$36K20x
ShortVest BABA-USD-PERP116.890.0046get 0.0006% / 1h16m 36s$19K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
$9.59
Price spread: −0.152% → 0.000%
−$15.18
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Vest: 1 bp × 2 orders
−$2
Net
−$15.58
Costs to cover
0.100%
Break-even
18.4 days
Slippage unknown: Aster: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Vest no order-book sample
Aster and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BABAUSDTlong0.0000%8h117.07long leg$69K$36K20x
Bybit BABAUSDT0.0000%8h116.98−0.075%$2.1M$734K25xas long as short
Gate BABA_USDT0.0000%8h116.99−0.066%$1.5M$2.1M50xas long as short
Bitget BABAUSDT0.0000%8h117.02−0.041%$2.4M$1.9M20xas long as short
SunX BABA-USDT0.0000%8h116.89−0.152%$824$3.2M20xas long as short
HTX BABA-USDT0.0000%8h117.10+0.028%$30K$19K20xas long as short
GRVT BABA_USDT_Perp+0.0020%8h116.99−0.066%$2K$194K10xas long as short
Lighter BABA+0.0032%1h117.02−0.041%$372K$72K10xas long as short
Lighter RH BABA+0.0032%1h116.94−0.109%$434K$512K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.049%$11K$26K12xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BABA-USD+0.0040%1h116.89−0.152%$71K$110K10xas long as short
Vest BABA-USD-PERPshort+0.0046%1h116.89−0.152%$19K10x
Variational Omni BABA+0.0048%8h116.93−0.114%$364K$753Kas long as short
tradeXYZ xyz:BABA+0.0050%1h116.88−0.160%$11.7M$4.4M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h116.81−0.220%$8K$285K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h116.86−0.177%$224K$425K10xas long as short
QFEX BABA-USD+0.0063%1h116.96−0.092%$1.2M$3.1M10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.90−0.143%$609K$385K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h116.86−0.177%$2K$79810xas long as short
Binance BABAUSDT+0.0111%8h116.99−0.070%$15.1M$32.6M20xas long as short
Extended BABA_24_5-USD+0.0112%1h116.94−0.109%$44K$308K10xas long as short
Phoenix BABA+0.0204%1h116.92−0.126%$65K$89K10xas long as short