BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin0.000%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1631.627% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now 0.000%, 7d avg +0.070%

Together, before fees−0.184%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.070% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.070%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BABAUSDTM	116.23	0.0100	pay 0.0100% / 8h	37m 54s	$602K	$599K	20x
Short	Bybit BABAUSDT	116.23	0	get 0.0000% / 8h	37m 54s	$2.2M	$595K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → +0.070%: −$6.98
Slippage, 4 orders: −$139.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$190.7
Costs to cover: 1.627%
Break-even: never at this rate

Slippage from KuCoin: live order book, 25 min ago; Bybit: live order book, 4 min ago.

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 KuCoin live order book, 25 min ago	11.63 bp	79.6 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.73 bp	16.9 bp −$17	95.4 bp −$954	doesn't fit	doesn't fit

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	116.24	+0.006%	$75K	$27K	20x	as long as short
Bybit BABAUSDTshort	0.0000%	8h	116.23	0.000%	$2.2M	$595K	25x
Gate BABA_USDT	0.0000%	8h	116.28	+0.043%	$1.4M	$1.7M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.28	+0.043%	$2.5M	$1.4M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.24	+0.009%	$747	$4.2M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.38	+0.129%	$37K	$2K	20x	as long as short
Variational Omni BABA	+0.0028%	8h	116.29	+0.052%	$300K	$620K	—	as long as short
Lighter RH BABA	+0.0032%	1h	116.28	+0.043%	$446K	$580K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.336%	$11K	$26K	12x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.20	−0.026%	—	$9K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BABA-USD	+0.0047%	1h	116.23	0.000%	$1.2M	$5.2M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.17	−0.052%	$10K	$263K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.25	+0.017%	$243K	$352K	10x	as long as short
GRVT BABA_USDT_Perp	+0.0068%	8h	116.30	+0.057%	$2K	$248K	10x	as long as short
KuCoin BABAUSDTMlong	+0.0100%	8h	116.23	long leg	$602K	$599K	20x
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.25	+0.017%	$2K	$1K	10x	as long as short
Lighter BABA	+0.0104%	1h	116.44	+0.181%	$385K	$49K	10x	as long as short
Extended BABA_24_5-USD	+0.0120%	1h	116.27	+0.036%	$42K	$383K	10x	as long as short
Binance BABAUSDT	+0.0123%	8h	116.29	+0.047%	$15.3M	$21.4M	20x	as long as short
tradeXYZ xyz:BABA	+0.0158%	1h	116.26	+0.026%	$12.1M	$3.0M	10x	as long as short
Phoenix BABA	+0.0276%	1h	116.34	+0.095%	$65K	$143K	10x	as long as short
Arcus BABA-USD	+0.0394%	1h	116.30	+0.060%	$78K	$94K	10x	as long as short