Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.035%

Price spread now: Orderly against Extended−0.056%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Orderly

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.056% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BABA_24_5-USD	117.64	0.0176	pay 0.0022% / 1h	4m 30s	$44K	$355K	10x
Short	Orderly PERP_BABA_USDC_mythos	117.57	0.0100	get 0.0100% / 8h	2h 04m	$2K	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Extended. 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 ExtendedbpFee OrderlybpOrdersPrice spread, now −0.056%Rate

Funding earned: −$15.96
Price spread: −0.056% → 0.000%: −$5.65
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$32.61
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 43 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 43 min ago	1.69 bp	12.4 bp −$12	133.4 bp −$1,334	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BABAUSDT	0.0000%	8h	117.87	+0.194%	$69K	$36K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.65	+0.012%	$2.1M	$720K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.69	+0.046%	$1.5M	$2.0M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.67	+0.029%	$2.4M	$1.8M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.61	−0.022%	$662	$3.3M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.78	+0.122%	$30K	$18K	20x	as long as short
Lighter BABA	+0.0032%	1h	117.70	+0.054%	$374K	$73K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	117.61	−0.022%	$436K	$514K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.527%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	117.63	−0.005%	$71K	$110K	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-PERP	+0.0046%	1h	117.68	+0.037%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	117.59	−0.039%	$11.9M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	117.58	−0.048%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.57	−0.056%	$238K	$405K	10x	as long as short
QFEX BABA-USD	+0.0073%	1h	117.67	+0.029%	$1.2M	$3.2M	10x	as long as short
GRVT BABA_USDT_Perp	+0.0082%	8h	117.73	+0.082%	$3K	$193K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.61	−0.022%	$612K	$418K	20x	as long as short
Orderly PERP_BABA_USDC_mythosshort	+0.0100%	8h	117.57	−0.056%	$2K	$798	10x
Variational Omni BABA	+0.0108%	8h	117.67	+0.032%	$265K	$658K	—	as long as short
Binance BABAUSDT	+0.0173%	8h	117.59	−0.039%	$15.5M	$31.6M	20x	as long as short
Extended BABA_24_5-USDlong	+0.0176%	1h	117.64	long leg	$44K	$355K	10x
Phoenix BABA	+0.0271%	1h	117.69	+0.046%	$66K	$90K	10x	as long as short