Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.033%

Price spread now: Extended against Orderly−0.020%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Extended

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 airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.020% cheaper against Orderly than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 5.6 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BABA_USDC_mythos	117.00	0.0100	pay 0.0100% / 8h	1h 13m	$2K	$798	10x
Short	Extended BABA_24_5-USD	116.98	0.0112	get 0.0014% / 1h	13m 18s	$44K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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 OrderlybpFee ExtendedbpOrdersPrice spread, now −0.020%Rate

Funding earned: $2.52
Price spread: −0.020% → 0.000%: −$2.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.5
Costs to cover: 0.110%
Break-even: 36.2 days

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 29 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 29 min ago	3.42 bp	12.9 bp −$13	96.6 bp −$966	doesn't fit	doesn't fit

Orderly: 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	117.08	+0.068%	$69K	$36K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.04	+0.034%	$2.1M	$732K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.02	+0.017%	$1.5M	$2.1M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.02	+0.017%	$2.4M	$1.9M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.02	+0.017%	$532	$3.2M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.09	+0.077%	$30K	$19K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0016%	8h	117.05	+0.043%	$2K	$194K	10x	as long as short
Lighter BABA	+0.0032%	1h	117.01	+0.009%	$372K	$72K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	116.93	−0.060%	$434K	$512K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.991%	$11K	$26K	12x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BABA	+0.0035%	8h	116.96	−0.030%	$364K	$753K	—	as long as short
Arcus BABA-USD	+0.0040%	1h	116.95	−0.043%	$71K	$110K	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.94	−0.051%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.93	−0.060%	$11.8M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.94	−0.051%	$8K	$285K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.86	−0.120%	$224K	$425K	10x	as long as short
QFEX BABA-USD	+0.0063%	1h	116.99	−0.009%	$1.2M	$3.1M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.85	−0.128%	$608K	$382K	20x	as long as short
Orderly PERP_BABA_USDC_mythoslong	+0.0100%	8h	117.00	long leg	$2K	$798	10x
Extended BABA_24_5-USDshort	+0.0112%	1h	116.98	−0.020%	$44K	$298K	10x
Binance BABAUSDT	+0.0115%	8h	117.01	+0.009%	$15.1M	$32.6M	20x	as long as short
Phoenix BABA	+0.0204%	1h	116.92	−0.068%	$65K	$89K	10x	as long as short