Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.141%

Price spread now: HTX against Arcus+0.102%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on HTX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.102% dearer against Arcus than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BABA-USD	117.62	0.0040	pay 0.0005% / 1h	25m 26s	$71K	$110K	10x
Short	HTX BABA-USDT	117.74	0	get 0.0000% / 8h	2h 25m	$30K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$8.46
Price spread: +0.102% → 0.000%: $10.2
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$14.76
Costs to cover: 0.165%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 13 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 13 min ago	4.23 bp	14.4 bp −$14	16.3 bp −$163	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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 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	117.91	+0.246%	$70K	$36K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.67	+0.043%	$2.1M	$721K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.73	+0.094%	$1.5M	$2.0M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.76	+0.119%	$2.4M	$1.7M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.66	+0.034%	$928	$3.4M	20x	as long as short
HTX BABA-USDTshort	0.0000%	8h	117.74	+0.102%	$30K	$18K	20x
Lighter BABA	+0.0032%	1h	117.70	+0.068%	$374K	$73K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	117.66	+0.034%	$436K	$514K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.513%	$11K	$26K	12x	as long as short
Arcus BABA-USDlong	+0.0040%	1h	117.62	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	117.67	+0.043%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	117.63	+0.009%	$11.9M	$4.3M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	117.64	+0.017%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.62	0.000%	$238K	$400K	10x	as long as short
QFEX BABA-USD	+0.0073%	1h	117.72	+0.085%	$1.2M	$3.4M	10x	as long as short
GRVT BABA_USDT_Perp	+0.0077%	8h	117.75	+0.112%	$2K	$193K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.56	−0.051%	$611K	$429K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.66	+0.034%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0105%	8h	117.65	+0.022%	$264K	$658K	—	as long as short
Extended BABA_24_5-USD	+0.0168%	1h	117.69	+0.059%	$43K	$357K	10x	as long as short
Binance BABAUSDT	+0.0172%	8h	117.72	+0.085%	$15.6M	$31.2M	20x	as long as short
Phoenix BABA	+0.0271%	1h	117.73	+0.094%	$66K	$90K	10x	as long as short