Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Aster−0.203%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.203% cheaper against Aster than usual: you would sell low and buy high (spread −0.203% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 13 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BABAUSDT	117.43	0	get 0.0000% / 8h	1h 50m	$69K	$36K	20x
Short	Ondo Perps BABA-USD.P	117.19	0.0050	get 0.0006% / 1h	50m 07s	$225K	$418K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. 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 AsterbpFee Ondo PerpsbpOrdersPrice spread, now −0.203%Rate

Funding earned: $10.58
Price spread: −0.203% → 0.000%: −$20.33
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$22.74
Costs to cover: 0.130%
Break-even: 22.0 days

Slippage unknown: Aster: no order-book sample; Ondo Perps: 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 Aster no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Aster and Ondo Perps: 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 BABAUSDTlong	0.0000%	8h	117.43	long leg	$69K	$36K	20x
Bybit BABAUSDT	0.0000%	8h	117.27	−0.135%	$2.1M	$732K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.29	−0.118%	$1.5M	$2.0M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.27	−0.135%	$2.4M	$1.8M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.28	−0.127%	$588	$3.3M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.32	−0.093%	$30K	$19K	20x	as long as short
Lighter BABA	+0.0032%	1h	117.36	−0.058%	$373K	$72K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	117.25	−0.152%	$435K	$510K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.353%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	117.27	−0.135%	$71K	$110K	10x	as long as short

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	117.31	−0.101%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	117.20	−0.195%	$11.8M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	117.22	−0.178%	$8K	$285K	10x	as long as short
Ondo Perps BABA-USD.Pshort	+0.0050%	1h	117.19	−0.203%	$225K	$418K	10x
GRVT BABA_USDT_Perp	+0.0062%	8h	117.33	−0.084%	$2K	$194K	10x	as long as short
QFEX BABA-USD	+0.0063%	1h	117.22	−0.178%	$1.2M	$3.1M	10x	as long as short
Variational Omni BABA	+0.0087%	8h	117.27	−0.139%	$264K	$658K	—	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.20	−0.195%	$609K	$409K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.26	−0.144%	$2K	$798	10x	as long as short
Extended BABA_24_5-USD	+0.0152%	1h	117.25	−0.155%	$44K	$352K	10x	as long as short
Binance BABAUSDT	+0.0154%	8h	117.28	−0.127%	$15.3M	$32.1M	20x	as long as short
Phoenix BABA	+0.0204%	1h	117.38	−0.041%	$66K	$89K	10x	as long as short