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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0268%/8h= −29.4% APRpaid last 24h +0.010%
Price spread now: Injective against HTX−1.337%7-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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 1.337% cheaper against HTX than usual: you would sell low and buy high (−$134 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BABA-USDT117.410.0301pay 0.0301% / 8h7h 42m$30K$19K20x
ShortInjective BABA/USDC PERP115.840.0033get 0.0004% / 1h42m 17s$11K$26K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$56.3
Price spread: −1.337% → 0.000%
−$133.72
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$202.04
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: HTX: no order-book sample; Injective: 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 HTX no order-book sample
Sell Injective no order-book sample
HTX and Injective: 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 BABAUSDT0.0000%8h117.18−0.192%$68K$41K20xas long as short
Bybit BABAUSDT0.0000%8h117.30−0.094%$2.1M$727K25xas long as short
Bitget BABAUSDT0.0000%8h117.32−0.077%$2.3M$1.9M20xas long as short
SunX BABA-USDT0.0000%8h117.35−0.051%$769$2.8M20xas long as short
Gate BABA_USDT+0.0002%8h117.35−0.051%$1.5M$1.9M50xas long as short
Lighter BABA+0.0032%1h117.40−0.009%$374K$71K10xas long as short
Lighter RH BABA+0.0032%1h117.32−0.077%$436K$494K10xas long as short
Injective BABA/USDC PERPshort+0.0033%1h115.84−1.337%$11K$26K12x
Arcus BABA-USD+0.0040%1h117.25−0.136%$70K$140K10xas long as short
Vest BABA-USD-PERP+0.0046%1h117.27−0.119%$19K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps BABA-USD+0.0050%1h117.18−0.196%$8K$281K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h117.16−0.213%$231K$420K10xas long as short
QFEX BABA-USD+0.0080%1h117.32−0.077%$1.2M$2.9M10xas long as short
KuCoin BABAUSDTM+0.0100%8h117.16−0.213%$612K$402K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h117.37−0.034%$2K$79810xas long as short
tradeXYZ xyz:BABA+0.0118%1h117.24−0.145%$12.0M$4.6M10xas long as short
Variational Omni BABA+0.0131%8h117.33−0.068%$337K$722Kas long as short
Extended BABA_24_5-USD+0.0192%1h117.33−0.068%$43K$311K10xas long as short
Binance BABAUSDT+0.0195%8h117.36−0.043%$15.3M$31.5M20xas long as short
Phoenix BABA+0.0273%1h117.34−0.060%$66K$89K10xas long as short
HTX BABA-USDTlong+0.0301%8h117.41long leg$30K$19K20x
GRVT BABA_USDT_Perp+0.0705%8h117.32−0.074%$3K$184K10xas long as short