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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%
Price spread now: Bybit against Bitget−0.034%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$620.616% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 7 days+0.034%+$3 · spread now −0.034%, 7d avg −0.007%
Together, before fees+0.008%+$1 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: Bybit is 0.027% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BABAUSDT118.240get 0.0000% / 8h6h 57m$2.4M$2.0M20x
ShortBybit BABAUSDT118.200get 0.0000% / 8h6h 57m$2.1M$698K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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
Price spread: −0.034% → −0.007%
−$2.71
Slippage, 4 orders
−$38.58
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$64.3
Costs to cover
0.616%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago3.80 bp14.4 bp −$1436.4 bp −$364doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago4.23 bp13.3 bp −$1386.3 bp −$863doesn't fitdoesn't fit

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%8h118.20−0.034%$69K$39K20xas long as short
Bybit BABAUSDTshort0.0000%8h118.20−0.034%$2.1M$698K25x
Gate BABA_USDT0.0000%8h118.28+0.034%$1.5M$1.9M50xas long as short
Bitget BABAUSDTlong0.0000%8h118.24long leg$2.4M$2.0M20x
SunX BABA-USDT0.0000%8h118.19−0.042%$494$2.7M20xas long as short
Lighter BABA+0.0032%1h118.28+0.034%$377K$71K10xas long as short
Lighter RH BABA+0.0032%1h118.17−0.059%$440K$495K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−2.030%$11K$26K12xas long as short
Vest BABA-USD-PERP+0.0046%1h118.25+0.008%$19K10xas long as short
Polymarket Perps BABA-USD+0.0050%1h118.13−0.093%$8K$280K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps BABA-USD.P+0.0050%1h118.16−0.068%$232K$404K10xas long as short
tradeXYZ xyz:BABA+0.0071%1h118.15−0.076%$12.0M$4.7M10xas long as short
QFEX BABA-USD+0.0080%1h118.15−0.076%$1.2M$2.8M10xas long as short
KuCoin BABAUSDTM+0.0100%8h118.04−0.169%$617K$447K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h118.23−0.008%$2K$79810xas long as short
Variational Omni BABA+0.0210%8h118.21−0.023%$340K$664Kas long as short
Extended BABA_24_5-USD+0.0272%1h118.21−0.026%$45K$311K10xas long as short
Phoenix BABA+0.0273%1h118.17−0.059%$66K$88K10xas long as short
Binance BABAUSDT+0.0276%8h118.20−0.037%$15.4M$31.3M20xas long as short
HTX BABA-USDT+0.0296%8h118.25+0.008%$30K$19K20xas long as short
Arcus BABA-USD+0.0335%1h118.09−0.127%$71K$136K10xas long as short
GRVT BABA_USDT_Perp+0.0615%8h118.24+0.001%$3K$180K10xas long as short