Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.010%

Price spread now: Bitget against Injective+0.932%7-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 Bitget

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

The price spread pays, funding is against you. Bitget is 0.932% dearer against Injective than usual: you sell high and buy low (spread +0.932% now, against zero (this spread has no 7-day history yet)): +$93 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months.

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	47m 14s	$11K	$26K	12x
Short	Bitget BABAUSDT	116.92	0	get 0.0000% / 8h	6h 47m	$2.5M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.932%Rate

Funding earned: −$7
Price spread: +0.932% → 0.000%: $93.23
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: $74.21
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 5 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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	2.99 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit

Injective: 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	116.85	+0.871%	$77K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.98	+0.984%	$2.2M	$595K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.95	+0.958%	$1.4M	$1.5M	50x	as long as short
Bitget BABAUSDTshort	0.0000%	8h	116.92	+0.932%	$2.5M	$1.3M	20x
SunX BABA-USDT	0.0000%	8h	116.93	+0.941%	$1K	$4.1M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.96	+0.967%	$37K	$2K	20x	as long as short
Lighter BABA	+0.0032%	1h	117.00	+1.001%	$386K	$44K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	116.87	+0.889%	$422K	$494K	10x	as long as short
Injective BABA/USDC PERPlong	+0.0033%	1h	115.84	long leg	$11K	$26K	12x
QFEX BABA-USD	+0.0035%	1h	116.95	+0.958%	$1.2M	$4.8M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BABA_USDT_Perp	+0.0040%	8h	116.98	+0.987%	$3K	$231K	10x	as long as short
Arcus BABA-USD	+0.0040%	1h	116.93	+0.941%	$74K	$102K	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.89	+0.906%	—	$18K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.82	+0.846%	$12.3M	$3.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.85	+0.872%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.10	+1.088%	$236K	$366K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.90	+0.915%	$608K	$535K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.92	+0.932%	$1K	$1K	10x	as long as short
Variational Omni BABA	+0.0158%	8h	117.12	+1.107%	$303K	$619K	—	as long as short
Phoenix BABA	+0.0205%	1h	116.91	+0.924%	$65K	$71K	10x	as long as short
Extended BABA_24_5-USD	+0.0208%	1h	116.90	+0.917%	$47K	$365K	10x	as long as short
Binance BABAUSDT	+0.0209%	8h	116.94	+0.947%	$15.4M	$23.2M	20x	as long as short