data as of
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Price arb /

BABA

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Spread before costs (cost unknown: a leg has no order-book sample)−0.248%
7d average+0.011%if it closes, per $10,000$25funding while held, a day−$0.73
Long on BinanceShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BABAUSDT114.360.0341pay 0.0341% / 8h1h 47m$15.6M$17.2M20x
ShortVariational Omni BABA114.080.0316get 0.0316% / 8h1h 47m$361K$519K—

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
−$24.78
Funding while held
−$0.73
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$35.51
Spread needed to break even
0.100%
Slippage unknown: Binance: live order book, 10 min ago; Variational Omni: RFQ quote, 8 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0024%
Per $10,000 a day
−$0.73
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, 10 min ago0.88 bp9.0 bp −$918.3 bp −$18370.2 bp −$7,024doesn't fit
Sell Variational Omni RFQ quote, 8 min ago2.55 bpdoesn't fit26.2 bp −$262doesn't fitdoesn't fit

BABA price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni114.08cheapest
Ondo Perps114.10+0.021%Phoenix114.12+0.039%Vest114.18+0.091%tradeXYZ114.26+0.161%KuCoin114.26+0.161%Lighter RH114.28+0.179%Polymarket Perps114.28+0.179%Aster114.29+0.188%QFEX114.31+0.205%Extended114.31+0.206%Arcus114.32+0.214%Bybit114.34+0.232%Orderly114.34+0.232%Gate114.35+0.240%
Binance114.36+0.248%
SunX114.37+0.258%HTX114.37+0.258%Bitget114.38+0.267%Lighter114.41+0.293%Injective115.84+1.546%

BABA on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni BABAshort−0.248%+0.0316%8h$361K$519K—
Ondo Perps BABA-USD.P−0.227%+0.0050%1h$303K$250K10xas long as short
Phoenix BABA−0.209%+0.0211%1h$77K$129K10xas long as short
Vest BABA-USD-PERP−0.157%+0.0046%1h——10xas long as short
tradeXYZ xyz:BABA−0.087%+0.0050%1h$12.3M$2.1M10xas long as short
KuCoin BABAUSDTM−0.087%+0.0100%8h$584K$1.0M20xas long as short
Lighter RH BABA−0.069%+0.0032%1h$466K$374K10xas long as short
Polymarket Perps BABA-USD−0.069%+0.0050%1h$8K$233K10xas long as short
Aster BABAUSDT−0.060%0.0000%8h$80K$14K20xas long as short
QFEX BABA-USD−0.043%+0.0058%1h$1.2M$4.7M10xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended BABA_24_5-USD−0.042%+0.0344%1h$26K$338K10xas long as short
Arcus BABA-USD−0.034%+0.0539%1h$68K$46K10xas long as short
Bybit BABAUSDT−0.017%0.0000%8h$2.2M$529K25xas long as short
Orderly PERP_BABA_USDC_mythos−0.017%+0.0100%8h$2K$1K10xas long as short
Gate BABA_USDT−0.008%0.0000%8h$1.4M$1.3M50xas long as short
Binance BABAUSDTlong0.000%+0.0341%8h$15.6M$17.2M20x
SunX BABA-USDT+0.009%0.0000%8h$605$3.9M20xas long as short
HTX BABA-USDT+0.009%0.0000%8h$37K$2K20xas long as short
Bitget BABAUSDT+0.018%+0.0209%8h$2.5M$988K20xas long as short
Lighter BABA+0.044%+0.0032%1h$378K$36K10xas long as short
Injective BABA/USDC PERP+1.295%+0.0019%1h$11K$26K12xas long as short