BABA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−1.690%

7d average—if it closes, per $10,000$169funding while held, a day+$9.26

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BABA/USDC PERP	115.84	0.0019	pay 0.0002% / 1h	32m 26s	$11K	$26K	12x
Short	Extended BABA_24_5-USD	113.88	0.0328	get 0.0041% / 1h	32m 26s	$27K	$345K	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 InjectivebpFee ExtendedbpOrdersClose when spread is

Spread captured: −$169.03
Funding while held: $9.26
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$164.79
Spread needed to break even: 0.050%

Slippage unknown: Injective: no order-book sample; Extended: live order book, 47 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0309%
Per $10,000 a day: +$9.26
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 Injective no order-book sample	—	—	—	—	—
Sell Extended live order book, 47 min ago	3.07 bp	12.9 bp −$13	106.1 bp −$1,061	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 price on every exchange

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

Vest113.80cheapest Ondo Perps113.81+0.009%tradeXYZ113.86+0.053%KuCoin113.87+0.062%Polymarket Perps113.87+0.062%

Extended113.88+0.072%

Lighter RH113.89+0.079%Binance113.93+0.113%Arcus113.93+0.114%QFEX113.95+0.132%Gate113.95+0.132%Orderly113.96+0.141%Bybit113.97+0.149%SunX113.97+0.149%HTX113.97+0.149%Bitget113.98+0.158%Phoenix113.98+0.158%Aster114.00+0.176%Lighter114.03+0.202%Variational Omni114.13+0.287%

Injective115.84+1.793%

BABA on 21 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Vest BABA-USD-PERP	−1.761%	+0.0046%	1h	—	—	10x	as long as short
Ondo Perps BABA-USD.P	−1.752%	+0.0050%	1h	$303K	$250K	10x	as long as short
tradeXYZ xyz:BABA	−1.709%	+0.0050%	1h	$12.3M	$2.1M	10x	as long as short
KuCoin BABAUSDTM	−1.701%	+0.0100%	8h	$585K	$993K	20x	as long as short
Polymarket Perps BABA-USD	−1.701%	+0.0050%	1h	$9K	$243K	10x	as long as short
Extended BABA_24_5-USDshort	−1.690%	+0.0328%	1h	$27K	$345K	10x
Lighter RH BABA	−1.683%	+0.0032%	1h	$465K	$375K	10x	as long as short
Binance BABAUSDT	−1.650%	+0.0330%	8h	$15.5M	$17.3M	20x	as long as short
Arcus BABA-USD	−1.649%	+0.0539%	1h	$68K	$46K	10x	as long as short
QFEX BABA-USD	−1.632%	+0.0058%	1h	$1.2M	$4.8M	10x	as long as short

Show all 21 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate BABA_USDT	−1.632%	0.0000%	8h	$1.4M	$1.3M	50x	as long as short
Orderly PERP_BABA_USDC_mythos	−1.623%	+0.0100%	8h	$2K	$1K	10x	as long as short
Bybit BABAUSDT	−1.614%	0.0000%	8h	$2.2M	$532K	25x	as long as short
SunX BABA-USDT	−1.614%	0.0000%	8h	$739	$3.9M	20x	as long as short
HTX BABA-USDT	−1.614%	0.0000%	8h	$36K	$2K	20x	as long as short
Bitget BABAUSDT	−1.606%	+0.0218%	8h	$2.7M	$1.1M	20x	as long as short
Phoenix BABA	−1.606%	+0.0211%	1h	$77K	$129K	10x	as long as short
Aster BABAUSDT	−1.588%	0.0000%	8h	$80K	$14K	20x	as long as short
Lighter BABA	−1.563%	+0.0032%	1h	$377K	$36K	10x	as long as short
Variational Omni BABA	−1.479%	+0.0304%	8h	$362K	$521K	—	as long as short
Injective BABA/USDC PERPlong	0.000%	+0.0019%	1h	$11K	$26K	12x