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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against SunX+0.059%46s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1581.583% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.059%, 7d avg −0.011%
Together, before fees−0.162%−$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.069% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BABA-USDT119.270get 0.0000% / 8h5h 07m$723$2.5M20x
ShortBybit BABAUSDT119.340get 0.0000% / 8h5h 07m$2.1M$735K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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: +0.059% → −0.011%
$6.94
Slippage, 4 orders
−$139.29
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$151.35
Costs to cover
1.583%
Break-even
never at this rate
Slippage from SunX: live order book, 3 min ago; Bybit: live order book, 2 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 SunX live order book, 3 min ago45.68 bp63.7 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago2.93 bp13.3 bp −$13100.8 bp −$1,008doesn't fitdoesn't fit

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%8h119.35+0.067%$70K$40K20xas long as short
Bybit BABAUSDTshort0.0000%8h119.34+0.059%$2.1M$735K25x
Gate BABA_USDT0.0000%8h119.32+0.042%$1.5M$2.1M50xas long as short
Bitget BABAUSDT0.0000%8h119.29+0.017%$2.3M$2.2M20xas long as short
GRVT BABA_USDT_Perp0.0000%8h119.24−0.023%$3K$184K10xas long as short
SunX BABA-USDTlong0.0000%8h119.27long leg$723$2.5M20x
HTX BABA-USDT0.0000%8h119.26−0.008%$30K$19K20xas long as short
QFEX BABA-USD+0.0029%1h119.24−0.025%$1.3M$2.8M10xas long as short
Lighter BABA+0.0032%1h119.33+0.050%$383K$74K10xas long as short
Lighter RH BABA+0.0032%1h119.26−0.008%$412K$537K10xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BABA/USDC PERP+0.0033%1h115.84−2.876%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h119.21−0.050%$71K$104K10xas long as short
Vest BABA-USD-PERP+0.0046%1h119.34+0.059%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h119.270.000%$12.0M$4.9M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h119.23−0.034%$9K$167K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h119.21−0.050%$181K$478K10xas long as short
KuCoin BABAUSDTM+0.0100%8h119.16−0.092%$621K$560K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h119.23−0.034%$2K$79810xas long as short
Variational Omni BABA+0.0104%8h119.20−0.055%$364K$642Kas long as short
Extended BABA_24_5-USD+0.0128%1h119.25−0.018%$25K$329K10xas long as short
Binance BABAUSDT+0.0131%8h119.29+0.017%$15.0M$34.3M20xas long as short
Phoenix BABA+0.0267%1h119.35+0.067%$67K$109K10xas long as short