Settings8H · net · $10k
Funding arb · Price arb /

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%
Price spread now: KuCoin against Lighter RH−0.034%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1581.577% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.142%+$14 on $10k
Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.034%, 7d avg −0.013%
Together, before fees+0.160%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.022% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of −0.013%). If the spread goes back, that is −$2 on $10k: about 25 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH BABA116.390.0032pay 0.0004% / 1h45m 45s$444K$479K10x
ShortKuCoin BABAUSDTM116.350.0100get 0.0100% / 8h7h 45m$604K$559K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter RH. 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

Funding earned
$14.28
Price spread: −0.034% → −0.013%
−$2.16
Slippage, 4 orders
−$145.68
Fee Lighter RH: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$145.56
Costs to cover
1.577%
Break-even
78.4 days
Slippage from Lighter RH: live order book, 27 min ago; KuCoin: live order book, 7 min ago.

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, 27 min ago2.58 bp3.4 bp −$310.6 bp −$106doesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago14.18 bp73.5 bp −$74doesn't fitdoesn't fitdoesn't fit

BABA on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BABAUSDT0.0000%8h116.41+0.014%$75K$27K20xas long as short
Bybit BABAUSDT0.0000%8h116.43+0.034%$2.2M$583K25xas long as short
Gate BABA_USDT0.0000%8h116.46+0.060%$1.4M$1.6M50xas long as short
Bitget BABAUSDT0.0000%8h116.41+0.017%$2.5M$1.3M20xas long as short
SunX BABA-USDT0.0000%8h116.46+0.060%$879$4.1M20xas long as short
HTX BABA-USDT0.0000%8h116.48+0.077%$37K$2K20xas long as short
Lighter RH BABAlong+0.0032%1h116.39long leg$444K$479K10x
Injective BABA/USDC PERP+0.0033%1h115.84−0.473%$11K$26K12xas long as short
Vest BABA-USD-PERP+0.0046%1h116.33−0.052%$9K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h116.35−0.034%$12.1M$3.0M10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BABA_USDT_Perp+0.0050%8h116.45+0.050%$2K$242K10xas long as short
Polymarket Perps BABA-USD+0.0050%1h116.35−0.034%$10K$264K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h116.31−0.069%$243K$339K10xas long as short
QFEX BABA-USD+0.0072%1h116.42+0.026%$1.2M$5.1M10xas long as short
KuCoin BABAUSDTMshort+0.0100%8h116.35−0.034%$604K$559K20x
Orderly PERP_BABA_USDC_mythos+0.0100%8h116.43+0.034%$2K$79810xas long as short
Variational Omni BABA+0.0145%8h116.45+0.049%$301K$619Kas long as short
Lighter BABA+0.0160%1h116.50+0.095%$385K$49K10xas long as short
Binance BABAUSDT+0.0213%8h116.46+0.061%$15.4M$21.6M20xas long as short
Extended BABA_24_5-USD+0.0216%1h116.44+0.039%$42K$414K10xas long as short
Phoenix BABA+0.0343%1h116.32−0.060%$65K$133K10xas long as short
Arcus BABA-USD+0.0626%1h116.41+0.017%$75K$101K10xas long as short