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 HTX−0.592%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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.592% cheaper against HTX than usual: you would sell low and buy high, −$59 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BABA-USDT119.970get 0.0000% / 8h5h 26m$30K$18K20x
ShortSunX BABA-USDT119.260get 0.0000% / 8h5h 26m$1K$3.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$0
Price spread: −0.592% → 0.000%
−$59.18
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$79.18
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: HTX: no order-book sample; SunX: live order book, 11 min ago. 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 SunX live order book, 11 min ago24.74 bp43.3 bp −$43doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BABAUSDT0.0000%8h119.34−0.522%$78K$28K20xas long as short
Bybit BABAUSDT0.0000%8h119.36−0.508%$2.2M$642K25xas long as short
Gate BABA_USDT0.0000%8h119.31−0.550%$1.5M$1.7M50xas long as short
GRVT BABA_USDT_Perp0.0000%8h120.29+0.266%$3K$218K10xas long as short
SunX BABA-USDTshort0.0000%8h119.26−0.592%$1K$3.6M20x
HTX BABA-USDTlong0.0000%8h119.97long leg$30K$18K20x
Lighter BABA+0.0032%1h119.23−0.617%$380K$72K10xas long as short
Lighter RH BABA+0.0032%1h119.20−0.642%$429K$507K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−3.443%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h119.58−0.325%$72K$109K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h119.52−0.375%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h119.12−0.709%$12.0M$3.9M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h119.22−0.625%$10K$264K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h119.25−0.600%$238K$396K10xas long as short
QFEX BABA-USD+0.0061%1h119.32−0.542%$1.2M$4.4M10xas long as short
KuCoin BABAUSDTM+0.0100%8h119.40−0.475%$622K$513K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h119.34−0.525%$2K$79810xas long as short
Variational Omni BABA+0.0101%8h119.88−0.079%$270K$658Kas long as short
Binance BABAUSDT+0.0153%8h119.30−0.559%$16.0M$27.5M20xas long as short
Extended BABA_24_5-USD+0.0160%1h119.30−0.560%$44K$368K10xas long as short
Phoenix BABA+0.0203%1h120.05+0.067%$67K$68K10xas long as short
Bitget BABAUSDT+0.0902%8h119.30−0.558%$2.5M$1.5M20xas long as short