Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.121%

Price spread now: Bitget against Arcus+0.017%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on Arcus Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.217%−$22 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.017%, 7d avg +0.047%

Together, before fees−0.170%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.030% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.047%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BABA-USD	117.43	0.0040	pay 0.0005% / 1h	56m 07s	$71K	$110K	10x
Short	Bitget BABAUSDT	117.45	0	get 0.0000% / 8h	1h 56m	$2.4M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Arcus. 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

Position, each leg$Hold fordaysFee ArcusbpFee BitgetbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$8.46
Price spread: +0.017% → +0.047%: −$3.04
Slippage, 4 orders: −$33.55
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$61.55
Costs to cover: 0.501%
Break-even: never at this rate

Slippage from Arcus: live order book, 43 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 43 min ago	4.23 bp	14.4 bp −$14	16.3 bp −$163	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.13 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit

BABA on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BABAUSDT	0.0000%	8h	117.53	+0.087%	$69K	$36K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.41	−0.017%	$2.1M	$730K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.48	+0.043%	$1.5M	$2.0M	50x	as long as short
Bitget BABAUSDTshort	0.0000%	8h	117.45	+0.017%	$2.4M	$1.8M	20x
SunX BABA-USDT	0.0000%	8h	117.49	+0.051%	$819	$3.3M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.54	+0.094%	$30K	$19K	20x	as long as short
Lighter BABA	+0.0032%	1h	117.51	+0.068%	$374K	$72K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	117.42	−0.009%	$436K	$510K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.354%	$11K	$26K	12x	as long as short
Arcus BABA-USDlong	+0.0040%	1h	117.43	long leg	$71K	$110K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERP	+0.0046%	1h	117.47	+0.034%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	117.40	−0.026%	$11.9M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	117.37	−0.051%	$8K	$285K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.43	0.000%	$238K	$404K	10x	as long as short
QFEX BABA-USD	+0.0063%	1h	117.47	+0.034%	$1.2M	$3.1M	10x	as long as short
GRVT BABA_USDT_Perp	+0.0073%	8h	117.41	−0.017%	$3K	$194K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.36	−0.060%	$611K	$413K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.42	−0.009%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0100%	8h	117.47	+0.033%	$264K	$658K	—	as long as short
Extended BABA_24_5-USD	+0.0160%	1h	117.43	−0.003%	$44K	$352K	10x	as long as short
Binance BABAUSDT	+0.0161%	8h	117.46	+0.024%	$15.5M	$31.7M	20x	as long as short
Phoenix BABA	+0.0271%	1h	117.47	+0.034%	$66K	$89K	10x	as long as short