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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0179%/8h= +19.6% APRnext payment +$1.79 per $10,000 · paid last 24h −0.010%
Price spread now: Bitget against KuCoin+0.076%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1391.390% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.184%−$18 on $10k
Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.076%, 7d avg +0.114%
Together, before fees−0.210%−$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.038% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.076% now, against its 7-day average of +0.114%). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.184%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BABAUSDTM118.170.0100pay 0.0100% / 8h3h 18m$616K$459K20x
ShortBitget BABAUSDT118.260.0279get 0.0279% / 8h3h 18m$2.4M$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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
$37.59
Price spread: +0.076% → +0.114%
−$3.78
Slippage, 4 orders
−$115.05
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$105.24
Costs to cover
1.390%
Break-even
26.6 days
Slippage from KuCoin: live order book, 56 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 56 min ago19.45 bp72.3 bp −$72doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago2.53 bp12.8 bp −$13doesn't fitdoesn't fitdoesn't fit

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%8h118.18+0.012%$70K$35K20xas long as short
Bybit BABAUSDT0.0000%8h118.28+0.093%$2.1M$706K25xas long as short
Gate BABA_USDT0.0000%8h118.29+0.102%$1.5M$2.0M50xas long as short
SunX BABA-USDT0.0000%8h118.27+0.085%$704$3.4M20xas long as short
HTX BABA-USDT0.0000%8h118.31+0.118%$30K$18K20xas long as short
GRVT BABA_USDT_Perp+0.0007%8h118.41+0.203%$3K$193K10xas long as short
Lighter BABA+0.0032%1h118.37+0.169%$377K$73K10xas long as short
Lighter RH BABA+0.0032%1h118.27+0.085%$437K$508K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.972%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h118.31+0.118%$72K$109K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h118.30+0.110%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h118.20+0.025%$12.0M$4.2M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h118.20+0.025%$9K$266K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h118.13−0.034%$238K$406K10xas long as short
QFEX BABA-USD+0.0056%1h118.24+0.059%$1.2M$3.7M10xas long as short
Variational Omni BABA+0.0057%8h118.40+0.194%$266K$658Kas long as short
KuCoin BABAUSDTMlong+0.0100%8h118.17long leg$616K$459K20x
Orderly PERP_BABA_USDC_mythos+0.0100%8h118.25+0.068%$2K$79810xas long as short
Binance BABAUSDT+0.0132%8h118.28+0.093%$15.6M$30.7M20xas long as short
Extended BABA_24_5-USD+0.0136%1h118.25+0.066%$43K$354K10xas long as short
Phoenix BABA+0.0203%1h118.41+0.203%$66K$90K10xas long as short
Bitget BABAUSDTshort+0.0279%8h118.26+0.076%$2.4M$1.7M20x