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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.012%
7d average−0.082%if it closes, per $10,000$1funding while held, a day+$5.07
Long on LighterShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BABA115.580.0032pay 0.0004% / 1h45m 08s$382K$37K10x
ShortVariational Omni BABA115.590.0201get 0.0201% / 8h7h 45m$356K$517K—

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
$1.22
Funding while held
$5.07
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$6.29
Spread needed to break even
0.000%
Slippage unknown: Lighter: live order book, 56 min ago; Variational Omni: RFQ quote, 65 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0169%
Per $10,000 a day
+$5.07
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, 56 min ago7.41 bp23.7 bp −$2426.7 bp −$26773.6 bp −$7,363doesn't fit
Sell Variational Omni RFQ quote, 65 min ago3.23 bpdoesn't fit27.7 bp −$277doesn't fitdoesn't fit

BABA price on every exchange

against the cheapest. Click to use as the short leg.
KuCoin115.35cheapestPolymarket Perps115.37+0.017%tradeXYZ115.38+0.026%Ondo Perps115.38+0.026%Vest115.39+0.035%Lighter RH115.41+0.052%Extended115.43+0.067%Binance115.44+0.076%Arcus115.45+0.087%QFEX115.45+0.087%SunX115.45+0.087%Bybit115.46+0.095%Bitget115.46+0.095%Gate115.47+0.104%Orderly115.50+0.130%Aster115.52+0.147%Phoenix115.54+0.165%
Lighter115.58+0.199%
HTX115.59+0.208%
Variational Omni115.59+0.212%
Injective115.84+0.425%

BABA on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin BABAUSDTM−0.199%+0.0100%8h$599K$909K20xas long as short
Polymarket Perps BABA-USD−0.182%+0.0050%1h$6K$249K10xas long as short
tradeXYZ xyz:BABA−0.173%+0.0050%1h$12.1M$2.5M10xas long as short
Ondo Perps BABA-USD.P−0.173%+0.0050%1h$305K$255K10xas long as short
Vest BABA-USD-PERP−0.164%+0.0046%1h—$9K10xas long as short
Lighter RH BABA−0.147%+0.0032%1h$466K$414K10xas long as short
Extended BABA_24_5-USD−0.132%+0.0240%1h$18K$359K10xas long as short
Binance BABAUSDT−0.123%+0.0238%8h$15.6M$18.3M20xas long as short
Arcus BABA-USD−0.112%+0.0043%1h$78K$82K10xas long as short
QFEX BABA-USD−0.112%+0.0047%1h$1.2M$4.8M10xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX BABA-USDT−0.112%0.0000%8h$660$4.1M20xas long as short
Bybit BABAUSDT−0.104%0.0000%8h$2.2M$558K25xas long as short
Bitget BABAUSDT−0.104%+0.0187%8h$2.7M$1.1M20xas long as short
Gate BABA_USDT−0.095%0.0000%8h$1.4M$1.4M50xas long as short
Orderly PERP_BABA_USDC_mythos−0.069%+0.0100%8h$2K$1K10xas long as short
Aster BABAUSDT−0.052%0.0000%8h$81K$14K20xas long as short
Phoenix BABA−0.035%+0.0208%1h$78K$129K10xas long as short
Lighter BABAlong0.000%+0.0032%1h$382K$37K10x
HTX BABA-USDT+0.009%0.0000%8h$37K$2K20xas long as short
Variational Omni BABAshort+0.012%+0.0201%8h$356K$517K—
Injective BABA/USDC PERP+0.225%+0.0033%1h$11K$26K12xas long as short