Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.028%

Price spread now: HTX against Ondo Perps+0.276%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.276% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.276% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BABA-USD.P	116.09	0.0050	pay 0.0006% / 1h	13m 23s	$243K	$353K	10x
Short	HTX BABA-USDT	116.41	0	get 0.0000% / 8h	13m 23s	$37K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee HTXbpOrdersPrice spread, now +0.276%Rate

Funding earned: −$10.58
Price spread: +0.276% → 0.000%: $27.56
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$0.02
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; HTX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Ondo Perps no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Ondo Perps and HTX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BABAUSDT	0.0000%	8h	116.36	+0.232%	$75K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.38	+0.250%	$2.2M	$600K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.42	+0.284%	$1.4M	$1.7M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.37	+0.241%	$2.5M	$1.4M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.39	+0.258%	$1K	$4.2M	20x	as long as short
HTX BABA-USDTshort	0.0000%	8h	116.41	+0.276%	$37K	$2K	20x
Lighter RH BABA	+0.0032%	1h	116.39	+0.258%	$446K	$591K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.215%	$11K	$26K	12x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.33	+0.207%	—	$9K	10x	as long as short
QFEX BABA-USD	+0.0047%	1h	116.43	+0.293%	$1.2M	$5.2M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps BABA-USD	+0.0050%	1h	116.22	+0.112%	$10K	$265K	10x	as long as short
Ondo Perps BABA-USD.Plong	+0.0050%	1h	116.09	long leg	$243K	$353K	10x
Lighter BABA	+0.0088%	1h	116.54	+0.388%	$385K	$50K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.34	+0.215%	$603K	$580K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.39	+0.258%	$2K	$1K	10x	as long as short
tradeXYZ xyz:BABA	+0.0115%	1h	116.29	+0.172%	$12.1M	$3.1M	10x	as long as short
Variational Omni BABA	+0.0122%	8h	116.45	+0.308%	$301K	$619K	—	as long as short
GRVT BABA_USDT_Perp	+0.0129%	8h	116.44	+0.299%	$2K	$246K	10x	as long as short
Extended BABA_24_5-USD	+0.0200%	1h	116.38	+0.249%	$42K	$383K	10x	as long as short
Binance BABAUSDT	+0.0205%	8h	116.41	+0.274%	$15.4M	$21.9M	20x	as long as short
Phoenix BABA	+0.0276%	1h	116.37	+0.241%	$65K	$143K	10x	as long as short
Arcus BABA-USD	+0.0394%	1h	116.40	+0.267%	$76K	$98K	10x	as long as short