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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.018%
Price spread now: Ondo Perps against Injective+0.354%7-day average · you sell dearer than you buy
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 fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.354% dearer against Injective than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BABA/USDC PERP115.840.0033pay 0.0004% / 1h37m 53s$11K$26K12x
ShortOndo Perps BABA-USD.P116.250.0050get 0.0006% / 1h37m 53s$243K$352K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Injective. 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
$3.58
Price spread: +0.354% → 0.000%
$35.39
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$33.96
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Ondo Perps: 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 Injective no order-book sample
Sell Ondo Perps no order-book sample
Injective and Ondo Perps: 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%8h116.24+0.342%$75K$27K20xas long as short
Bybit BABAUSDT0.0000%8h116.23+0.337%$2.2M$595K25xas long as short
Gate BABA_USDT0.0000%8h116.28+0.380%$1.4M$1.7M50xas long as short
Bitget BABAUSDT0.0000%8h116.28+0.380%$2.5M$1.4M20xas long as short
SunX BABA-USDT0.0000%8h116.24+0.345%$747$4.2M20xas long as short
HTX BABA-USDT0.0000%8h116.38+0.466%$37K$2K20xas long as short
Variational Omni BABA+0.0028%8h116.29+0.389%$300K$620Kas long as short
Lighter RH BABA+0.0032%1h116.28+0.380%$446K$580K10xas long as short
Injective BABA/USDC PERPlong+0.0033%1h115.84long leg$11K$26K12x
Vest BABA-USD-PERP+0.0046%1h116.20+0.311%$9K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX BABA-USD+0.0047%1h116.23+0.337%$1.2M$5.2M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h116.17+0.285%$10K$263K10xas long as short
Ondo Perps BABA-USD.Pshort+0.0050%1h116.25+0.354%$243K$352K10x
GRVT BABA_USDT_Perp+0.0068%8h116.30+0.394%$2K$248K10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.23+0.337%$602K$599K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h116.25+0.354%$2K$1K10xas long as short
Lighter BABA+0.0104%1h116.44+0.518%$385K$49K10xas long as short
Extended BABA_24_5-USD+0.0120%1h116.27+0.373%$42K$383K10xas long as short
Binance BABAUSDT+0.0123%8h116.29+0.384%$15.3M$21.4M20xas long as short
tradeXYZ xyz:BABA+0.0158%1h116.26+0.363%$12.1M$3.0M10xas long as short
Phoenix BABA+0.0276%1h116.34+0.432%$65K$143K10xas long as short
Arcus BABA-USD+0.0394%1h116.30+0.397%$78K$94K10xas long as short