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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0100%/8hnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Gate−0.043%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1491.493% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.106%+$11 on $10k
Price spread, last 3 days (all we have)−0.069%−$7 · spread now −0.043%, 7d avg −0.076%
Together, before fees+0.037%+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.033% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BABA_USDT115.990get 0.0000% / 8h4h 04m$1.4M$1.6M50x
ShortKuCoin BABAUSDTM115.940.0100get 0.0100% / 8h4h 04m$601K$754K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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
Price spread: −0.043% → −0.076%
$3.27
Slippage, 4 orders
−$122.28
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$125.01
Costs to cover
1.493%
Break-even
48.7 days
Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago2.59 bp13.2 bp −$1334.3 bp −$343doesn't fitdoesn't fit
Sell KuCoin live order book, 23 min ago16.39 bp42.8 bp −$43doesn't fitdoesn't fitdoesn't fit

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%8h115.94−0.040%$73K$25K20xas long as short
Bybit BABAUSDT0.0000%8h115.98−0.009%$2.2M$585K25xas long as short
Gate BABA_USDTlong0.0000%8h115.99long leg$1.4M$1.6M50x
Bitget BABAUSDT0.0000%8h115.98−0.009%$2.5M$1.3M20xas long as short
Variational Omni BABA0.0000%8h116.00+0.012%$289K$606Kas long as short
SunX BABA-USDT0.0000%8h116.00+0.009%$821$4.2M20xas long as short
HTX BABA-USDT0.0000%8h116.04+0.043%$37K$2K20xas long as short
GRVT BABA_USDT_Perp+0.0031%8h116.00+0.006%$3K$269K10xas long as short
Lighter RH BABA+0.0032%1h116.01+0.017%$451K$458K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−0.129%$11K$26K12xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BABA+0.0040%1h116.13+0.121%$384K$50K10xas long as short
Vest BABA-USD-PERP+0.0046%1h115.91−0.069%$9K10xas long as short
Polymarket Perps BABA-USD+0.0050%1h115.90−0.078%$10K$253K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h115.79−0.172%$248K$328K10xas long as short
QFEX BABA-USD+0.0054%1h115.98−0.009%$1.2M$4.9M10xas long as short
Binance BABAUSDT+0.0060%8h116.00+0.009%$15.4M$19.7M20xas long as short
Extended BABA_24_5-USD+0.0064%1h115.99+0.003%$18K$359K10xas long as short
KuCoin BABAUSDTMshort+0.0100%8h115.94−0.043%$601K$754K20x
Orderly PERP_BABA_USDC_mythos+0.0100%8h115.990.000%$2K$1K10xas long as short
tradeXYZ xyz:BABA+0.0126%1h115.95−0.034%$12.1M$2.9M10xas long as short
Phoenix BABA+0.0276%1h116.05+0.052%$79K$129K10xas long as short
Arcus BABA-USD+0.0637%1h115.96−0.026%$79K$93K10xas long as short