data as of
Settings8H · net · $10k
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Price arb /

BABA

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$34
spread now−0.022%7d average−0.023%fees + slippage, in and out−$34spread needed0.343%
Long on BinanceShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BABAUSDT116.060.0155pay 0.0155% / 8h6h 59m$15.6M$19.0M20x
ShortPhoenix BABA116.030.0208get 0.0026% / 1h59m 37s$79K$129K10x

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 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$2.16
Funding while held
$1.61
Slippage, 4 orders
−$17.27
Fee Binance: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$34.82
Spread needed to break even
0.343%
Slippage from Binance: live order book, 13 min ago; Phoenix: live order book, 41 min ago.

Cost of waiting

funding view
Funding /8h
+0.0054%
Per $10,000 a day
+$1.61
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago0.43 bp7.7 bp −$816.9 bp −$16959.9 bp −$5,991doesn't fit
Sell Phoenix live order book, 41 min ago1.73 bp9.2 bp −$918.8 bp −$188doesn't fitdoesn't fit

BABA price on every exchange

against the cheapest. Click to use as the short leg.
Injective115.84cheapestOndo Perps116.00+0.138%Polymarket Perps116.03+0.164%
Phoenix116.03+0.164%
Bybit116.04+0.173%tradeXYZ116.05+0.181%KuCoin116.05+0.181%
Binance116.06+0.186%
Lighter RH116.07+0.199%Extended116.07+0.199%Arcus116.08+0.207%SunX116.08+0.207%Gate116.09+0.216%Bitget116.09+0.216%Vest116.09+0.216%QFEX116.10+0.224%Orderly116.10+0.224%Variational Omni116.17+0.282%Aster116.18+0.294%HTX116.20+0.311%Lighter116.21+0.319%

BABA on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BABA/USDC PERP−0.185%+0.0033%1h$11K$26K12xas long as short
Ondo Perps BABA-USD.P−0.047%+0.0050%1h$274K$289K10xas long as short
Polymarket Perps BABA-USD−0.022%+0.0050%1h$6K$249K10xas long as short
Phoenix BABAshort−0.022%+0.0208%1h$79K$129K10x
Bybit BABAUSDT−0.013%0.0000%8h$2.2M$560K25xas long as short
tradeXYZ xyz:BABA−0.004%+0.0050%1h$12.1M$2.7M10xas long as short
KuCoin BABAUSDTM−0.004%+0.0100%8h$603K$868K20xas long as short
Binance BABAUSDTlong0.000%+0.0155%8h$15.6M$19.0M20x
Lighter RH BABA+0.013%+0.0032%1h$461K$423K10xas long as short
Extended BABA_24_5-USD+0.014%+0.0160%1h$18K$359K10xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Arcus BABA-USD+0.022%+0.0043%1h$79K$92K10xas long as short
SunX BABA-USDT+0.022%0.0000%8h$822$4.2M20xas long as short
Gate BABA_USDT+0.030%0.0000%8h$1.4M$1.5M50xas long as short
Bitget BABAUSDT+0.030%+0.0119%8h$2.7M$1.2M20xas long as short
Vest BABA-USD-PERP+0.030%+0.0046%1h—$9K10xas long as short
QFEX BABA-USD+0.039%+0.0047%1h$1.2M$4.8M10xas long as short
Orderly PERP_BABA_USDC_mythos+0.039%+0.0100%8h$2K$1K10xas long as short
Variational Omni BABA+0.097%+0.0107%8h$338K$558K—as long as short
Aster BABAUSDT+0.108%0.0000%8h$81K$14K20xas long as short
HTX BABA-USDT+0.125%0.0000%8h$37K$2K20xas long as short
Lighter BABA+0.134%+0.0032%1h$384K$36K10xas long as short