data as of
Settings8H · net · $10k
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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−$29
spread now−0.025%7d average+0.047%fees + slippage, in and out−$22spread needed0.215%
Long on Lighter RHShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH BABA115.410.0032pay 0.0004% / 1h42m 02s$466K$414K10x
ShortBinance BABAUSDT115.380.0234get 0.0234% / 8h7h 42m$15.6M$18.3M20x

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
−$2.5
Funding while held
$6.05
Slippage, 4 orders
−$11.5
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$17.95
Spread needed to break even
0.215%
Slippage from Lighter RH: live order book, 2 min ago; Binance: live order book, just now.

Cost of waiting

funding view
Funding /8h
+0.0202%
Per $10,000 a day
+$6.05
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 RH live order book, 2 min ago2.17 bp2.2 bp −$25.9 bp −$59doesn't fitdoesn't fit
Sell Binance live order book, just now0.43 bp8.0 bp −$819.5 bp −$19573.6 bp −$7,362doesn't fit

BABA price on every exchange

against the cheapest. Click to use as the short leg.
tradeXYZ115.35cheapestKuCoin115.36+0.009%Polymarket Perps115.37+0.017%Phoenix115.37+0.017%Ondo Perps115.38+0.026%Vest115.38+0.026%Extended115.38+0.027%
Binance115.38+0.027%
Lighter RH115.41+0.052%
QFEX115.41+0.052%Bybit115.42+0.061%Bitget115.43+0.069%SunX115.43+0.069%Gate115.44+0.078%Orderly115.44+0.078%Arcus115.45+0.087%Aster115.52+0.147%Lighter115.57+0.191%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
tradeXYZ xyz:BABA−0.052%+0.0050%1h$12.1M$2.5M10xas long as short
KuCoin BABAUSDTM−0.043%+0.0100%8h$599K$906K20xas long as short
Polymarket Perps BABA-USD−0.035%+0.0050%1h$6K$249K10xas long as short
Phoenix BABA−0.035%+0.0208%1h$78K$129K10xas long as short
Ondo Perps BABA-USD.P−0.026%+0.0050%1h$305K$255K10xas long as short
Vest BABA-USD-PERP−0.026%+0.0046%1h—$9K10xas long as short
Extended BABA_24_5-USD−0.025%+0.0232%1h$18K$359K10xas long as short
Binance BABAUSDTshort−0.025%+0.0234%8h$15.6M$18.3M20x
Lighter RH BABAlong0.000%+0.0032%1h$466K$414K10x
QFEX BABA-USD0.000%+0.0047%1h$1.2M$4.8M10xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit BABAUSDT+0.009%0.0000%8h$2.2M$559K25xas long as short
Bitget BABAUSDT+0.017%+0.0183%8h$2.7M$1.1M20xas long as short
SunX BABA-USDT+0.017%0.0000%8h$732$4.1M20xas long as short
Gate BABA_USDT+0.026%0.0000%8h$1.4M$1.5M50xas long as short
Orderly PERP_BABA_USDC_mythos+0.026%+0.0100%8h$2K$1K10xas long as short
Arcus BABA-USD+0.035%+0.0043%1h$78K$82K10xas long as short
Aster BABAUSDT+0.095%0.0000%8h$81K$14K20xas long as short
Lighter BABA+0.139%+0.0032%1h$382K$37K10xas long as short
HTX BABA-USDT+0.156%0.0000%8h$37K$2K20xas long as short
Variational Omni BABA+0.159%+0.0201%8h$356K$517K—as long as short
Injective BABA/USDC PERP+0.373%+0.0033%1h$11K$26K12xas long as short