Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.141%

Price spread now: Arcus against HTX−0.154%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Arcus is 0.154% cheaper against HTX than usual: you would sell low and buy high (spread −0.154% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BABA-USDT	117.21	0	get 0.0000% / 8h	15m 40s	$30K	$19K	20x
Short	Arcus BABA-USD	117.03	0.0040	get 0.0005% / 1h	15m 40s	$70K	$140K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now −0.154%Rate

Funding earned: $8.46
Price spread: −0.154% → 0.000%: −$15.36
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$23.4
Costs to cover: 0.165%
Break-even: 26.4 days

Slippage unknown: HTX: no order-book sample; Arcus: live order book, 13 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell Arcus live order book, 13 min ago	1.71 bp	8.6 bp −$9	10.9 bp −$109	doesn't fit	doesn't fit

HTX: 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	116.94	−0.231%	$68K	$37K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.04	−0.145%	$2.1M	$722K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.10	−0.094%	$1.5M	$2.1M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.08	−0.111%	$2.3M	$1.9M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.11	−0.085%	$911	$3.1M	20x	as long as short
HTX BABA-USDTlong	0.0000%	8h	117.21	long leg	$30K	$19K	20x
GRVT BABA_USDT_Perp	+0.0031%	8h	117.15	−0.047%	$3K	$188K	10x	as long as short
Lighter BABA	+0.0032%	1h	117.10	−0.094%	$373K	$72K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	117.04	−0.145%	$435K	$503K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.169%	$11K	$26K	12x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BABA-USDshort	+0.0040%	1h	117.03	−0.154%	$70K	$140K	10x
QFEX BABA-USD	+0.0044%	1h	117.12	−0.077%	$1.2M	$3.0M	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	117.00	−0.179%	—	$19K	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	117.01	−0.171%	$8K	$286K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.03	−0.154%	$231K	$428K	10x	as long as short
tradeXYZ xyz:BABA	+0.0062%	1h	116.95	−0.222%	$11.8M	$4.4M	10x	as long as short
Variational Omni BABA	+0.0063%	8h	117.10	−0.097%	$337K	$779K	—	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.96	−0.213%	$608K	$386K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.09	−0.102%	$2K	$798	10x	as long as short
Extended BABA_24_5-USD	+0.0120%	1h	117.05	−0.133%	$47K	$309K	10x	as long as short
Binance BABAUSDT	+0.0123%	8h	117.07	−0.115%	$15.3M	$32.5M	20x	as long as short
Phoenix BABA	+0.0205%	1h	117.15	−0.051%	$66K	$89K	10x	as long as short