Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%

Price spread now: Aster against Injective+2.031%107s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 2.031% dearer against Injective than usual: you sell high and buy low (spread +2.031% now, against zero (this spread has no 7-day history yet)): +$203 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7 months. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BABA/USDC PERP	115.84	0.0033	pay 0.0004% / 1h	55m 33s	$11K	$26K	12x
Short	Aster BABAUSDT	118.19	0	get 0.0000% / 8h	6h 55m	$69K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +2.031%Rate

Funding earned: −$7
Price spread: +2.031% → 0.000%: $203.11
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $188.09
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Aster: 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 Injective no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Injective and Aster: 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 BABAUSDTshort	0.0000%	8h	118.19	+2.031%	$69K	$39K	20x
Bybit BABAUSDT	0.0000%	8h	118.10	+1.951%	$2.1M	$695K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.11	+1.960%	$1.5M	$1.9M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	118.08	+1.934%	$2.4M	$2.0M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	118.12	+1.968%	$748	$2.7M	20x	as long as short
Lighter BABA	+0.0032%	1h	118.22	+2.055%	$376K	$71K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	118.13	+1.977%	$439K	$495K	10x	as long as short
Injective BABA/USDC PERPlong	+0.0033%	1h	115.84	long leg	$11K	$26K	12x
Vest BABA-USD-PERP	+0.0046%	1h	118.23	+2.063%	—	$19K	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	118.06	+1.916%	$8K	$280K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps BABA-USD.P	+0.0050%	1h	118.07	+1.925%	$230K	$410K	10x	as long as short
QFEX BABA-USD	+0.0080%	1h	118.09	+1.942%	$1.2M	$2.8M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	118.00	+1.865%	$617K	$451K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.12	+1.968%	$2K	$798	10x	as long as short
tradeXYZ xyz:BABA	+0.0118%	1h	118.05	+1.908%	$12.0M	$4.8M	10x	as long as short
Variational Omni BABA	+0.0244%	8h	118.10	+1.953%	$359K	$685K	—	as long as short
Phoenix BABA	+0.0273%	1h	118.22	+2.055%	$66K	$88K	10x	as long as short
Extended BABA_24_5-USD	+0.0288%	1h	118.06	+1.920%	$45K	$311K	10x	as long as short
Binance BABAUSDT	+0.0294%	8h	118.10	+1.951%	$15.4M	$31.5M	20x	as long as short
Arcus BABA-USD	+0.0335%	1h	118.06	+1.916%	$71K	$136K	10x	as long as short
HTX BABA-USDT	+0.0342%	8h	118.25	+2.080%	$30K	$19K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0745%	8h	118.21	+2.046%	$3K	$178K	10x	as long as short