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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0094%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.053%
Price spread now: Extended against Ondo Perps+0.043%7-day average +0.083% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.025%+$2 on $10k
Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.043%, 7d avg +0.083%
Together, before fees−0.099%+ Points / potential airdropOndo Perps: Active · Extended: Active · farm board−$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.039% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.083%). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.025% in total) that is about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps BABA-USD.P119.200.0050pay 0.0006% / 1h4m 17s$240K$401K10x
ShortExtended BABA_24_5-USD119.250.0144get 0.0018% / 1h4m 17s$44K$363K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Ondo Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$19.66
Price spread: +0.043% → +0.083%
−$3.94
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$5.72
Costs to cover
0.100%
Break-even
5.0 days
Slippage unknown: Ondo Perps: no order-book sample; Extended: live order book, 58 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Extended live order book, 58 min ago2.54 bp12.1 bp −$1293.4 bp −$934doesn't fitdoesn't fit
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%8h119.24+0.031%$78K$31K20xas long as short
Bybit BABAUSDT0.0000%8h119.200.000%$2.2M$645K25xas long as short
Gate BABA_USDT0.0000%8h119.25+0.042%$1.5M$1.8M50xas long as short
GRVT BABA_USDT_Perp0.0000%8h119.46+0.218%$3K$217K10xas long as short
SunX BABA-USDT0.0000%8h119.37+0.143%$808$3.6M20xas long as short
HTX BABA-USDT0.0000%8h119.28+0.067%$30K$18K20xas long as short
Lighter BABA+0.0032%1h119.29+0.076%$380K$73K10xas long as short
Lighter RH BABA+0.0032%1h119.200.000%$429K$507K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−2.819%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h119.23+0.025%$72K$109K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h119.28+0.067%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h119.16−0.034%$12.0M$4.0M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h119.17−0.025%$10K$264K10xas long as short
Ondo Perps BABA-USD.Plong+0.0050%1h119.20long leg$240K$401K10x
QFEX BABA-USD+0.0061%1h119.21+0.008%$1.2M$4.4M10xas long as short
Variational Omni BABA+0.0081%8h119.21+0.006%$268K$658Kas long as short
KuCoin BABAUSDTM+0.0100%8h119.17−0.025%$620K$503K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h119.30+0.084%$2K$79810xas long as short
Binance BABAUSDT+0.0141%8h119.28+0.069%$15.8M$29.4M20xas long as short
Extended BABA_24_5-USDshort+0.0144%1h119.25+0.043%$44K$363K10x
Phoenix BABA+0.0203%1h119.30+0.084%$67K$68K10xas long as short
Bitget BABAUSDT+0.0950%8h119.25+0.042%$2.4M$1.7M20xas long as short