Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.065%

Price spread now: Extended against HTX−0.131%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Extended

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

Funding pays, the price is against you. Extended is 0.131% cheaper against HTX than usual: you would sell low and buy high (spread −0.131% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.6 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BABA-USDT	118.36	0	get 0.0000% / 8h	2h 50m	$30K	$18K	20x
Short	Extended BABA_24_5-USD	118.21	0.0168	get 0.0021% / 1h	50m 11s	$43K	$357K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against HTX. 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 HTXbpFee ExtendedbpOrdersPrice spread, now −0.131%Rate

Funding earned: $35.28
Price spread: −0.131% → 0.000%: −$13.08
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $5.2
Costs to cover: 0.170%
Break-even: 6.0 days

Slippage unknown: HTX: no order-book sample; Extended: live order book, 62 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell Extended live order book, 62 min ago	2.96 bp	12.3 bp −$12	82.2 bp −$822	doesn't fit	doesn't fit

HTX: 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	118.26	−0.083%	$70K	$35K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	118.21	−0.127%	$2.1M	$710K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.27	−0.076%	$1.5M	$1.9M	50x	as long as short
SunX BABA-USDT	0.0000%	8h	118.29	−0.059%	$793	$3.4M	20x	as long as short
HTX BABA-USDTlong	0.0000%	8h	118.36	long leg	$30K	$18K	20x
Lighter BABA	+0.0032%	1h	118.23	−0.110%	$376K	$73K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	118.17	−0.161%	$437K	$509K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−2.129%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	118.28	−0.068%	$72K	$110K	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	118.21	−0.127%	—	$19K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BABA	+0.0050%	1h	118.07	−0.245%	$12.0M	$4.3M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	118.18	−0.152%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	118.11	−0.211%	$239K	$409K	10x	as long as short
GRVT BABA_USDT_Perp	+0.0059%	8h	118.52	+0.131%	$3K	$193K	10x	as long as short
QFEX BABA-USD	+0.0073%	1h	118.30	−0.051%	$1.2M	$3.6M	10x	as long as short
Variational Omni BABA	+0.0095%	8h	118.29	−0.056%	$266K	$658K	—	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	118.16	−0.169%	$615K	$442K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.23	−0.110%	$2K	$798	10x	as long as short
Binance BABAUSDT	+0.0167%	8h	118.22	−0.118%	$15.6M	$31.0M	20x	as long as short
Extended BABA_24_5-USDshort	+0.0168%	1h	118.21	−0.131%	$43K	$357K	10x
Bitget BABAUSDT	+0.0180%	8h	118.27	−0.076%	$2.4M	$1.7M	20x	as long as short
Phoenix BABA	+0.0271%	1h	118.46	+0.084%	$66K	$90K	10x	as long as short