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−$22
spread now−0.009%7d average+0.009%fees + slippage, in and out−$20spread needed0.202%
Long on Lighter RHShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH BABA114.090.0032pay 0.0004% / 1h37m 25s$466K$374K10x
ShortPolymarket Perps BABA-USD114.080.0050get 0.0006% / 1h37m 25s$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
−$0.88
Funding while held
$0.54
Slippage, 4 orders
−$12.18
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$20.52
Spread needed to break even
0.202%
Slippage from Lighter RH: live order book, 16 min ago; Polymarket Perps: live order book, 16 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 RH live order book, 16 min ago2.20 bp2.3 bp −$214.7 bp −$147doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 16 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.
Ondo Perps113.79cheapestPhoenix113.93+0.123%Vest113.95+0.141%Variational Omni113.99+0.178%Aster114.01+0.197%KuCoin114.04+0.220%tradeXYZ114.05+0.228%Bybit114.06+0.237%Orderly114.07+0.246%
Polymarket Perps114.08+0.255%
Extended114.08+0.258%
Lighter RH114.09+0.264%
SunX114.10+0.272%Arcus114.11+0.281%QFEX114.14+0.308%Gate114.14+0.308%Binance114.15+0.315%Bitget114.18+0.343%Lighter114.20+0.360%HTX114.20+0.360%Injective115.84+1.802%

BABA on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps BABA-USD.P−0.263%+0.0050%1h$303K$250K10xas long as short
Phoenix BABA−0.140%+0.0211%1h$77K$129K10xas long as short
Vest BABA-USD-PERP−0.123%+0.0046%1h——10xas long as short
Variational Omni BABA−0.086%+0.0307%8h$360K$520K—as long as short
Aster BABAUSDT−0.066%0.0000%8h$80K$14K20xas long as short
KuCoin BABAUSDTM−0.044%+0.0100%8h$582K$995K20xas long as short
tradeXYZ xyz:BABA−0.035%+0.0050%1h$12.3M$2.1M10xas long as short
Bybit BABAUSDT−0.026%0.0000%8h$2.2M$532K25xas long as short
Orderly PERP_BABA_USDC_mythos−0.018%+0.0100%8h$2K$1K10xas long as short
Polymarket Perps BABA-USDshort−0.009%+0.0050%1h$9K$243K10x
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended BABA_24_5-USD−0.005%+0.0336%1h$26K$338K10xas long as short
Lighter RH BABAlong0.000%+0.0032%1h$466K$374K10x
SunX BABA-USDT+0.009%0.0000%8h$758$3.9M20xas long as short
Arcus BABA-USD+0.018%+0.0539%1h$68K$46K10xas long as short
QFEX BABA-USD+0.044%+0.0058%1h$1.2M$4.8M10xas long as short
Gate BABA_USDT+0.044%0.0000%8h$1.4M$1.3M50xas long as short
Binance BABAUSDT+0.051%+0.0333%8h$15.5M$17.2M20xas long as short
Bitget BABAUSDT+0.079%+0.0220%8h$2.7M$1.2M20xas long as short
Lighter BABA+0.096%+0.0032%1h$377K$36K10xas long as short
HTX BABA-USDT+0.096%0.0000%8h$37K$2K20xas long as short
Injective BABA/USDC PERP+1.534%+0.0019%1h$11K$26K12xas long as short