BABA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.078%

7d average—if it closes, per $10,000$8funding while held, a day+$4.32

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BABA-USDT	116.01	0	get 0.0000% / 8h	6h 11m	$37K	$2K	20x
Short	Lighter BABA	116.10	0.0144	get 0.0018% / 1h	11m 11s	$383K	$40K	10x

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee HTXbpFee LighterbpOrdersClose when spread is

Spread captured: $7.76
Funding while held: $4.32
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.08
Spread needed to break even: 0.120%

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 20 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0144%
Per $10,000 a day: +$4.32
Average in range /8h: —

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 Lighter live order book, 20 min ago	5.60 bp	21.7 bp −$22	28.5 bp −$285	75.7 bp −$7,568	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 price on every exchange

against the cheapest. Click to use as the short leg.

KuCoin115.80cheapest Ondo Perps115.81+0.009%Injective115.84+0.035%Bybit115.89+0.078%Polymarket Perps115.90+0.086%tradeXYZ115.92+0.104%Vest115.92+0.104%Variational Omni115.94+0.121%Lighter RH115.95+0.130%Binance115.97+0.148%Extended115.97+0.148%Arcus115.98+0.155%QFEX115.98+0.155%Bitget115.98+0.155%SunX115.98+0.155%Aster115.98+0.158%Gate115.99+0.164%Orderly115.99+0.164%Phoenix116.01+0.181%

HTX116.01+0.181%

Lighter116.10+0.259%

BABA on 21 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin BABAUSDTM	−0.181%	+0.0100%	8h	$601K	$829K	20x	as long as short
Ondo Perps BABA-USD.P	−0.172%	+0.0050%	1h	$274K	$289K	10x	as long as short
Injective BABA/USDC PERP	−0.147%	+0.0033%	1h	$11K	$26K	12x	as long as short
Bybit BABAUSDT	−0.103%	0.0000%	8h	$2.2M	$564K	25x	as long as short
Polymarket Perps BABA-USD	−0.095%	+0.0050%	1h	$7K	$251K	10x	as long as short
tradeXYZ xyz:BABA	−0.078%	+0.0067%	1h	$12.1M	$2.9M	10x	as long as short
Vest BABA-USD-PERP	−0.078%	+0.0046%	1h	—	$9K	10x	as long as short
Variational Omni BABA	−0.060%	+0.0007%	8h	$337K	$558K	—	as long as short
Lighter RH BABA	−0.052%	+0.0032%	1h	$457K	$438K	10x	as long as short
Binance BABAUSDT	−0.034%	+0.0084%	8h	$15.5M	$19.3M	20x	as long as short

Show all 21 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Extended BABA_24_5-USD	−0.033%	+0.0080%	1h	$18K	$359K	10x	as long as short
Arcus BABA-USD	−0.026%	+0.0564%	1h	$79K	$92K	10x	as long as short
QFEX BABA-USD	−0.026%	+0.0045%	1h	$1.2M	$4.8M	10x	as long as short
Bitget BABAUSDT	−0.026%	+0.0050%	8h	$2.5M	$1.3M	20x	as long as short
SunX BABA-USDT	−0.026%	0.0000%	8h	$932	$4.2M	20x	as long as short
Aster BABAUSDT	−0.023%	0.0000%	8h	$73K	$25K	20x	as long as short
Gate BABA_USDT	−0.017%	0.0000%	8h	$1.4M	$1.5M	50x	as long as short
Orderly PERP_BABA_USDC_mythos	−0.017%	+0.0100%	8h	$2K	$1K	10x	as long as short
Phoenix BABA	0.000%	+0.0207%	1h	$79K	$129K	10x	as long as short
HTX BABA-USDTlong	0.000%	0.0000%	8h	$37K	$2K	20x
Lighter BABAshort	+0.078%	+0.0144%	1h	$383K	$40K	10x