BABA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.096%

7d average—if it closes, per $10,000$10funding while held, a day+$5.12

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BABA-USD	114.96	0.0043	pay 0.0005% / 1h	57m 42s	$79K	$73K	10x
Short	Variational Omni BABA	115.07	0.0214	get 0.0214% / 8h	7h 57m	$359K	$513K	—

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee ArcusbpFee Variational OmnibpOrdersClose when spread is

Spread captured: $9.62
Funding while held: $5.12
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.24
Spread needed to break even: 0.045%

Slippage unknown: Arcus: no order-book sample; Variational Omni: RFQ quote, 53 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0171%
Per $10,000 a day: +$5.12
Average in range /8h: —

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 no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 53 min ago	3.23 bp	doesn't fit	27.7 bp −$277	doesn't fit	doesn't fit

Arcus: 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 price on every exchange

against the cheapest. Click to use as the short leg.

Arcus114.96cheapest

Ondo Perps114.97+0.009%Vest114.97+0.009%Polymarket Perps114.97+0.009%KuCoin115.00+0.035%Aster115.04+0.067%tradeXYZ115.05+0.078%QFEX115.05+0.078%Bybit115.06+0.087%SunX115.06+0.087%

Variational Omni115.07+0.096%

Phoenix115.08+0.104%Orderly115.10+0.122%Lighter RH115.11+0.130%Extended115.12+0.143%Gate115.13+0.148%HTX115.13+0.148%Binance115.13+0.150%Bitget115.18+0.191%Lighter115.24+0.244%Injective115.84+0.765%

BABA on 21 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Arcus BABA-USDlong	0.000%	+0.0043%	1h	$79K	$73K	10x
Ondo Perps BABA-USD.P	+0.009%	+0.0050%	1h	$303K	$254K	10x	as long as short
Vest BABA-USD-PERP	+0.009%	+0.0046%	1h	—	$9K	10x	as long as short
Polymarket Perps BABA-USD	+0.009%	+0.0050%	1h	$6K	$249K	10x	as long as short
KuCoin BABAUSDTM	+0.035%	+0.0100%	8h	$597K	$920K	20x	as long as short
Aster BABAUSDT	+0.067%	0.0000%	8h	$81K	$14K	20x	as long as short
tradeXYZ xyz:BABA	+0.078%	+0.0050%	1h	$12.2M	$2.4M	10x	as long as short
QFEX BABA-USD	+0.078%	+0.0047%	1h	$1.2M	$4.8M	10x	as long as short
Bybit BABAUSDT	+0.087%	0.0000%	8h	$2.2M	$549K	25x	as long as short
SunX BABA-USDT	+0.087%	0.0000%	8h	$983	$4.1M	20x	as long as short

Show all 21 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni BABAshort	+0.096%	+0.0214%	8h	$359K	$513K	—
Phoenix BABA	+0.104%	+0.0281%	1h	$78K	$129K	10x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.122%	+0.0100%	8h	$2K	$1K	10x	as long as short
Lighter RH BABA	+0.130%	+0.0032%	1h	$468K	$409K	10x	as long as short
Extended BABA_24_5-USD	+0.143%	+0.0240%	1h	$18K	$359K	10x	as long as short
Gate BABA_USDT	+0.148%	0.0000%	8h	$1.4M	$1.4M	50x	as long as short
HTX BABA-USDT	+0.148%	0.0000%	8h	$37K	$2K	20x	as long as short
Binance BABAUSDT	+0.150%	+0.0242%	8h	$15.6M	$18.0M	20x	as long as short
Bitget BABAUSDT	+0.191%	+0.0194%	8h	$2.7M	$1.1M	20x	as long as short
Lighter BABA	+0.244%	+0.0032%	1h	$381K	$36K	10x	as long as short
Injective BABA/USDC PERP	+0.765%	+0.0033%	1h	$11K	$26K	12x	as long as short