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: HTX against Orderly+0.042%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. HTX is 0.042% dearer against Orderly than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_BABA_USDC_mythos119.530.0100pay 0.0100% / 8h6h 09m$2K$79810x
ShortHTX BABA-USDT119.580get 0.0000% / 8h6h 09m$30K$19K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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: +0.042% → 0.000%
$4.18
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
−$34.82
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; HTX: 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 Orderly no order-book sample
Sell HTX no order-book sample
Orderly and 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 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%8h119.40−0.106%$70K$40K20xas long as short
Bybit BABAUSDT0.0000%8h119.39−0.117%$2.2M$718K25xas long as short
Gate BABA_USDT0.0000%8h119.46−0.059%$1.5M$2.0M50xas long as short
Bitget BABAUSDT0.0000%8h119.40−0.109%$2.3M$2.1M20xas long as short
SunX BABA-USDT0.0000%8h119.60+0.059%$695$2.6M20xas long as short
HTX BABA-USDTshort0.0000%8h119.58+0.042%$30K$19K20x
Lighter BABA+0.0032%1h119.49−0.033%$382K$73K10xas long as short
Lighter RH BABA+0.0032%1h119.33−0.167%$434K$517K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−3.087%$11K$26K12xas long as short
Vest BABA-USD-PERP+0.0046%1h119.67+0.117%$19K10xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:BABA+0.0050%1h119.31−0.184%$12.0M$4.9M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h119.55+0.017%$8K$182K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h119.33−0.167%$221K$440K10xas long as short
QFEX BABA-USD+0.0080%1h119.57+0.033%$1.2M$2.9M10xas long as short
KuCoin BABAUSDTM+0.0100%8h119.41−0.100%$622K$498K20xas long as short
Orderly PERP_BABA_USDC_mythoslong+0.0100%8h119.53long leg$2K$79810x
Variational Omni BABA+0.0234%8h119.39−0.115%$364K$662Kas long as short
Phoenix BABA+0.0271%1h119.33−0.167%$67K$88K10xas long as short
Binance BABAUSDT+0.0274%8h119.42−0.094%$15.2M$33.5M20xas long as short
Extended BABA_24_5-USD+0.0280%1h119.42−0.093%$46K$314K10xas long as short
Arcus BABA-USD+0.0335%1h119.49−0.033%$71K$135K10xas long as short
GRVT BABA_USDT_Perp+0.0341%8h119.50−0.027%$3K$181K10xas long as short