Settings8H · net · $10k
Funding arb · Price arb /

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h +0.056%
Price spread now: Phoenix against Bitget−0.017%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.411%+$41 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.411%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BABAUSDT118.450.0306pay 0.0306% / 8h3h 26m$2.4M$1.7M20x
ShortPhoenix BABA118.430.0203get 0.0025% / 1h26m 55s$66K$90K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. 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

Funding earned
−$21.67
Price spread: −0.017% → 0.000%
−$1.69
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$42.36
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 5 min ago; Phoenix: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago1.69 bp14.8 bp −$1523.3 bp −$233doesn't fitdoesn't fit
Sell Phoenix no order-book sample
Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BABAUSDT0.0000%8h118.38−0.055%$70K$35K20xas long as short
Bybit BABAUSDT0.0000%8h118.48+0.025%$2.1M$704K25xas long as short
Gate BABA_USDT0.0000%8h118.46+0.008%$1.5M$1.9M50xas long as short
SunX BABA-USDT0.0000%8h118.46+0.008%$739$3.4M20xas long as short
HTX BABA-USDT0.0000%8h118.48+0.025%$30K$18K20xas long as short
GRVT BABA_USDT_Perp+0.0022%8h118.50+0.041%$3K$193K10xas long as short
Lighter BABA+0.0032%1h118.54+0.076%$377K$73K10xas long as short
Lighter RH BABA+0.0032%1h118.450.000%$438K$507K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−2.203%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h118.42−0.025%$72K$109K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h118.49+0.034%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h118.39−0.051%$12.0M$4.2M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h118.40−0.042%$9K$266K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h118.30−0.127%$238K$406K10xas long as short
QFEX BABA-USD+0.0056%1h118.43−0.017%$1.2M$3.8M10xas long as short
Variational Omni BABA+0.0066%8h118.51+0.054%$266K$658Kas long as short
KuCoin BABAUSDTM+0.0100%8h118.29−0.135%$616K$459K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h118.47+0.017%$2K$79810xas long as short
Binance BABAUSDT+0.0143%8h118.46+0.012%$15.7M$30.7M20xas long as short
Extended BABA_24_5-USD+0.0144%1h118.43−0.015%$43K$354K10xas long as short
Phoenix BABAshort+0.0203%1h118.43−0.017%$66K$90K10x
Bitget BABAUSDTlong+0.0306%8h118.45long leg$2.4M$1.7M20x