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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bybit−0.060%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1591.587% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)+0.117%+$12 · spread now −0.060%, 7d avg +0.014%
Together, before fees+0.117%+$12 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: SunX is 0.075% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BABAUSDT116.550get 0.0000% / 8h7h 24m$2.2M$582K25x
ShortSunX BABA-USDT116.480get 0.0000% / 8h7h 24m$697$4.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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: −0.060% → +0.014%
−$7.46
Slippage, 4 orders
−$139.72
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee SunX: 4 bp × 2 orders
−$8
Net
−$166.18
Costs to cover
1.587%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; SunX: 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 Bybit live order book, 3 min ago3.43 bp11.4 bp −$1190.5 bp −$905doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago45.09 bp64.1 bp −$64doesn't fitdoesn'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%8h116.47−0.071%$75K$27K20xas long as short
Bybit BABAUSDTlong0.0000%8h116.55long leg$2.2M$582K25x
Gate BABA_USDT0.0000%8h116.50−0.043%$1.4M$1.6M50xas long as short
Bitget BABAUSDT0.0000%8h116.41−0.120%$2.5M$1.3M20xas long as short
GRVT BABA_USDT_Perp0.0000%8h116.47−0.069%$3K$234K10xas long as short
SunX BABA-USDTshort0.0000%8h116.48−0.060%$697$4.1M20x
HTX BABA-USDT0.0000%8h116.53−0.017%$37K$2K20xas long as short
Lighter BABA+0.0032%1h116.57+0.017%$385K$50K10xas long as short
Lighter RH BABA+0.0032%1h116.47−0.069%$440K$491K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−0.609%$11K$26K12xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h116.48−0.060%$18K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h116.44−0.094%$12.1M$2.9M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h116.41−0.120%$10K$264K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h116.30−0.215%$239K$341K10xas long as short
QFEX BABA-USD+0.0072%1h116.45−0.086%$1.2M$5.1M10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.37−0.154%$603K$546K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h116.48−0.060%$2K$79810xas long as short
Variational Omni BABA+0.0137%8h116.43−0.102%$301K$619Kas long as short
Extended BABA_24_5-USD+0.0192%1h116.45−0.083%$42K$440K10xas long as short
Binance BABAUSDT+0.0192%8h116.48−0.060%$15.4M$21.6M20xas long as short
Phoenix BABA+0.0343%1h116.41−0.120%$65K$133K10xas long as short
Arcus BABA-USD+0.0626%1h116.45−0.086%$75K$100K10xas long as short