Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.035%

Price spread now: Orderly against Extended+0.064%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.064% dearer against Extended than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BABA_24_5-USD	117.34	0.0168	pay 0.0021% / 1h	2m 45s	$44K	$355K	10x
Short	Orderly PERP_BABA_USDC_mythos	117.42	0.0100	get 0.0100% / 8h	2h 02m	$2K	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Extended. 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 ExtendedbpFee OrderlybpOrdersPrice spread, now +0.064%Rate

Funding earned: −$14.28
Price spread: +0.064% → 0.000%: $6.41
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.87
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 45 min ago; Orderly: 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 Extended live order book, 45 min ago	1.69 bp	12.4 bp −$12	133.4 bp −$1,334	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 BABAUSDT	0.0000%	8h	117.68	+0.282%	$69K	$36K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.32	−0.021%	$2.1M	$722K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.39	+0.039%	$1.5M	$2.0M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.34	−0.004%	$2.4M	$1.8M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.35	+0.004%	$350	$3.3M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.78	+0.371%	$30K	$18K	20x	as long as short
Lighter BABA	+0.0032%	1h	117.40	+0.047%	$374K	$73K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	117.34	−0.004%	$435K	$514K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.282%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	117.60	+0.217%	$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	117.45	+0.090%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	117.29	−0.047%	$11.8M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	117.29	−0.047%	$14K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.57	+0.192%	$238K	$405K	10x	as long as short
QFEX BABA-USD	+0.0073%	1h	117.51	+0.141%	$1.2M	$3.2M	10x	as long as short
GRVT BABA_USDT_Perp	+0.0082%	8h	117.73	+0.330%	$3K	$193K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.44	+0.081%	$611K	$416K	20x	as long as short
Orderly PERP_BABA_USDC_mythosshort	+0.0100%	8h	117.42	+0.064%	$2K	$798	10x
Variational Omni BABA	+0.0108%	8h	117.67	+0.281%	$265K	$658K	—	as long as short
Extended BABA_24_5-USDlong	+0.0168%	1h	117.34	long leg	$44K	$355K	10x
Binance BABAUSDT	+0.0171%	8h	117.38	+0.030%	$15.5M	$31.6M	20x	as long as short
Phoenix BABA	+0.0271%	1h	117.65	+0.260%	$66K	$90K	10x	as long as short