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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against HTX−0.033%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Orderly is 0.033% cheaper against HTX than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BABA-USDT119.440get 0.0000% / 8h5h 27m$30K$19K20x
ShortOrderly PERP_BABA_USDC_mythos119.400.0100get 0.0100% / 8h5h 27m$2K$79810x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$21
Price spread: −0.033% → 0.000%
−$3.35
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$0.35
Costs to cover
0.180%
Break-even
7.1 days
Slippage unknown: HTX: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell Orderly no order-book sample
HTX and 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 exchanges

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%8h119.41−0.025%$70K$40K20xas long as short
Bybit BABAUSDT0.0000%8h119.39−0.042%$2.1M$712K25xas long as short
Gate BABA_USDT0.0000%8h119.41−0.025%$1.5M$2.0M50xas long as short
Bitget BABAUSDT0.0000%8h119.38−0.050%$2.3M$2.2M20xas long as short
SunX BABA-USDT0.0000%8h119.38−0.050%$843$2.5M20xas long as short
HTX BABA-USDTlong0.0000%8h119.44long leg$30K$19K20x
QFEX BABA-USD+0.0029%1h119.31−0.109%$1.2M$2.9M10xas long as short
Lighter BABA+0.0032%1h119.440.000%$382K$74K10xas long as short
Lighter RH BABA+0.0032%1h119.32−0.100%$434K$509K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−3.014%$11K$26K12xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BABA-USD+0.0040%1h119.29−0.126%$71K$104K10xas long as short
Vest BABA-USD-PERP+0.0046%1h119.47+0.025%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h119.32−0.100%$12.0M$4.8M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h119.32−0.100%$8K$166K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h119.24−0.167%$212K$445K10xas long as short
GRVT BABA_USDT_Perp+0.0067%8h119.54+0.082%$3K$184K10xas long as short
KuCoin BABAUSDTM+0.0100%8h119.31−0.109%$622K$540K20xas long as short
Orderly PERP_BABA_USDC_mythosshort+0.0100%8h119.40−0.033%$2K$79810x
Variational Omni BABA+0.0168%8h119.61+0.140%$364K$653Kas long as short
Binance BABAUSDT+0.0202%8h119.37−0.059%$15.1M$34.1M20xas long as short
Extended BABA_24_5-USD+0.0208%1h119.32−0.097%$25K$334K10xas long as short
Phoenix BABA+0.0267%1h119.66+0.184%$67K$109K10xas long as short