data as of
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Price arb /

BABA

RWAall BABA markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$63
spread now−0.193%7d average−0.146%fees + slippage, in and out−$58spread needed0.581%
Long on LighterShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BABA114.110.0032pay 0.0004% / 1h39m 58s$377K$36K10x
ShortPolymarket Perps BABA-USD113.890.0050get 0.0006% / 1h39m 58s$9K$243K10x

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

Profit calculator

Spread captured
−$19.28
Funding while held
$0.54
Slippage, 4 orders
−$50.08
Fee Lighter: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$76.82
Spread needed to break even
0.581%
Slippage from Lighter: live order book, 6 min ago; Polymarket Perps: live order book, 14 min ago.

Cost of waiting

funding view
Funding /8h
+0.0018%
Per $10,000 a day
+$0.54
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 6 min ago9.18 bp18.7 bp −$1921.7 bp −$21769.0 bp −$6,905doesn't fit
Sell Polymarket Perps live order book, 14 min ago2.64 bp7.4 bp −$78.3 bp −$83doesn't fitdoesn't fit

BABA price on every exchange

against the cheapest. Click to use as the short leg.
Vest113.77cheapestOndo Perps113.79+0.018%
Polymarket Perps113.89+0.105%
tradeXYZ113.91+0.123%Arcus113.93+0.141%Lighter RH113.94+0.149%Extended113.95+0.156%QFEX113.95+0.158%KuCoin113.95+0.158%Bybit113.96+0.167%Orderly113.96+0.167%Binance113.99+0.193%Variational Omni113.99+0.195%Aster114.00+0.202%Gate114.00+0.202%SunX114.00+0.202%Bitget114.05+0.246%
Lighter114.11+0.299%
Phoenix114.23+0.404%HTX114.30+0.466%Injective115.84+1.819%

BABA on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Vest BABA-USD-PERP−0.298%+0.0046%1h——10xas long as short
Ondo Perps BABA-USD.P−0.280%+0.0050%1h$303K$250K10xas long as short
Polymarket Perps BABA-USDshort−0.193%+0.0050%1h$9K$243K10x
tradeXYZ xyz:BABA−0.175%+0.0050%1h$12.3M$2.1M10xas long as short
Arcus BABA-USD−0.158%+0.0539%1h$68K$46K10xas long as short
Lighter RH BABA−0.149%+0.0032%1h$465K$374K10xas long as short
Extended BABA_24_5-USD−0.143%+0.0336%1h$26K$338K10xas long as short
QFEX BABA-USD−0.140%+0.0058%1h$1.2M$4.7M10xas long as short
KuCoin BABAUSDTM−0.140%+0.0100%8h$582K$998K20xas long as short
Bybit BABAUSDT−0.131%0.0000%8h$2.2M$530K25xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_BABA_USDC_mythos−0.131%+0.0100%8h$2K$1K10xas long as short
Binance BABAUSDT−0.105%+0.0336%8h$15.5M$17.2M20xas long as short
Variational Omni BABA−0.103%+0.0307%8h$360K$520K—as long as short
Aster BABAUSDT−0.096%0.0000%8h$80K$14K20xas long as short
Gate BABA_USDT−0.096%0.0000%8h$1.4M$1.3M50xas long as short
SunX BABA-USDT−0.096%0.0000%8h$984$3.9M20xas long as short
Bitget BABAUSDT−0.053%+0.0219%8h$2.7M$1.2M20xas long as short
Lighter BABAlong0.000%+0.0032%1h$377K$36K10x
Phoenix BABA+0.105%+0.0211%1h$78K$129K10xas long as short
HTX BABA-USDT+0.167%0.0000%8h$37K$2K20xas long as short
Injective BABA/USDC PERP+1.516%+0.0019%1h$11K$26K12xas long as short