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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Orderly against Injective+0.527%58s7-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 feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.527% dearer against Injective than usual: you sell high and buy low: +$53 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BABA/USDC PERP115.840.0033pay 0.0004% / 1h49m 51s$11K$26K12x
ShortOrderly PERP_BABA_USDC_mythos116.450.0100get 0.0100% / 8h7h 49m$2K$79810x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$14
Price spread: +0.527% → 0.000%
$52.66
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Orderly: 3 bp × 2 orders
−$6
Net
$60.64
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Injective: 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 Injective no order-book sample
Sell Orderly no order-book sample
Injective 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 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%8h116.38+0.468%$75K$27K20xas long as short
Bybit BABAUSDT0.0000%8h116.38+0.466%$2.2M$583K25xas long as short
Gate BABA_USDT0.0000%8h116.42+0.501%$1.4M$1.6M50xas long as short
Bitget BABAUSDT0.0000%8h116.43+0.509%$2.5M$1.3M20xas long as short
SunX BABA-USDT0.0000%8h116.44+0.518%$675$4.1M20xas long as short
HTX BABA-USDT0.0000%8h116.49+0.561%$37K$2K20xas long as short
Lighter RH BABA+0.0032%1h116.37+0.458%$444K$479K10xas long as short
Injective BABA/USDC PERPlong+0.0033%1h115.84long leg$11K$26K12x
Vest BABA-USD-PERP+0.0046%1h116.31+0.406%$9K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h116.31+0.406%$12.1M$3.0M10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps BABA-USD+0.0050%1h116.32+0.414%$10K$264K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h116.17+0.285%$243K$339K10xas long as short
QFEX BABA-USD+0.0072%1h116.41+0.492%$1.2M$5.2M10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.36+0.449%$604K$562K20xas long as short
Orderly PERP_BABA_USDC_mythosshort+0.0100%8h116.45+0.527%$2K$79810x
GRVT BABA_USDT_Perp+0.0135%8h116.44+0.519%$2K$245K10xas long as short
Variational Omni BABA+0.0145%8h116.42+0.502%$301K$619Kas long as short
Binance BABAUSDT+0.0213%8h116.43+0.509%$15.4M$21.6M20xas long as short
Extended BABA_24_5-USD+0.0216%1h116.41+0.495%$42K$393K10xas long as short
Lighter BABA+0.0224%1h116.51+0.578%$385K$49K10xas long as short
Phoenix BABA+0.0343%1h116.33+0.423%$65K$133K10xas long as short
Arcus BABA-USD+0.0626%1h116.42+0.501%$75K$101K10xas long as short