data as of
Settings8H · net · $10k
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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−$55
spread now+0.043%7d average+0.019%fees + slippage, in and out−$58spread needed0.578%
Long on PhoenixShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix BABA115.820.0207pay 0.0026% / 1h18m 26s$79K$129K10x
ShortBybit BABAUSDT115.870get 0.0000% / 8h6h 18m$2.2M$564K25x

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
$4.32
Funding while held
−$6.2
Slippage, 4 orders
−$39.78
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$59.67
Spread needed to break even
0.578%
Slippage from Phoenix: live order book, 18 min ago; Bybit: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0207%
Per $10,000 a day
−$6.20
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 Phoenix live order book, 18 min ago2.59 bp11.3 bp −$1123.9 bp −$239doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago1.73 bp14.9 bp −$1586.7 bp −$867doesn't fitdoesn't fit

BABA price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps115.73cheapestKuCoin115.75+0.017%Polymarket Perps115.80+0.060%Bitget115.81+0.069%Vest115.82+0.078%
Phoenix115.82+0.078%
SunX115.83+0.086%Injective115.84+0.095%tradeXYZ115.85+0.104%Arcus115.86+0.112%Orderly115.86+0.112%
Bybit115.87+0.121%
QFEX115.87+0.121%Aster115.87+0.124%Binance115.88+0.128%Variational Omni115.88+0.129%Gate115.88+0.130%Extended115.88+0.130%Lighter RH115.89+0.138%HTX115.89+0.138%Lighter116.06+0.285%

BABA on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps BABA-USD.P−0.078%+0.0050%1h$274K$289K10xas long as short
KuCoin BABAUSDTM−0.060%+0.0100%8h$599K$832K20xas long as short
Polymarket Perps BABA-USD−0.017%+0.0050%1h$7K$251K10xas long as short
Bitget BABAUSDT−0.009%+0.0061%8h$2.5M$1.3M20xas long as short
Vest BABA-USD-PERP0.000%+0.0046%1h—$9K10xas long as short
Phoenix BABAlong0.000%+0.0207%1h$79K$129K10x
SunX BABA-USDT+0.009%0.0000%8h$760$4.2M20xas long as short
Injective BABA/USDC PERP+0.017%+0.0033%1h$11K$26K12xas long as short
tradeXYZ xyz:BABA+0.026%+0.0070%1h$12.1M$2.9M10xas long as short
Arcus BABA-USD+0.035%+0.0564%1h$79K$92K10xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_BABA_USDC_mythos+0.035%+0.0100%8h$2K$1K10xas long as short
Bybit BABAUSDTshort+0.043%0.0000%8h$2.2M$564K25x
QFEX BABA-USD+0.043%+0.0045%1h$1.2M$4.8M10xas long as short
Aster BABAUSDT+0.047%0.0000%8h$73K$25K20xas long as short
Binance BABAUSDT+0.051%+0.0090%8h$15.5M$19.3M20xas long as short
Variational Omni BABA+0.052%+0.0017%8h$337K$558K—as long as short
Gate BABA_USDT+0.052%0.0000%8h$1.4M$1.5M50xas long as short
Extended BABA_24_5-USD+0.053%+0.0088%1h$18K$359K10xas long as short
Lighter RH BABA+0.060%+0.0032%1h$456K$438K10xas long as short
HTX BABA-USDT+0.060%0.0000%8h$37K$2K20xas long as short
Lighter BABA+0.207%+0.0136%1h$383K$40K10xas long as short