data as of
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Price arb /

BABA

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Spread before costs (cost unknown: a leg has no order-book sample)−0.060%
7d average+0.065%if it closes, per $10,000$6funding while held, a day+$7.11
Long on Polymarket PerpsShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BABA-USD114.360.0050pay 0.0006% / 1h44m 03s$8K$243K10x
ShortVariational Omni BABA114.290.0287get 0.0287% / 8h44m 03s$359K$525K—

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
−$5.96
Funding while held
$7.11
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$6.85
Spread needed to break even
0.080%
Slippage unknown: Polymarket Perps: live order book, 4 min ago; Variational Omni: RFQ quote, 6 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0237%
Per $10,000 a day
+$7.11
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 Polymarket Perps live order book, 4 min ago3.50 bp8.4 bp −$88.4 bp −$84doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 6 min ago3.23 bpdoesn't fit27.7 bp −$277doesn't fitdoesn't fit

BABA price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps114.27cheapestVest114.27cheapest
Variational Omni114.29+0.019%
Phoenix114.30+0.026%tradeXYZ114.36+0.079%
Polymarket Perps114.36+0.079%
QFEX114.39+0.105%KuCoin114.39+0.105%Arcus114.40+0.114%HTX114.40+0.114%Lighter RH114.41+0.123%Bitget114.41+0.123%Extended114.41+0.126%Binance114.44+0.149%Gate114.44+0.149%SunX114.44+0.149%Orderly114.45+0.158%Bybit114.49+0.193%Lighter114.52+0.219%Aster114.52+0.219%Injective115.84+1.374%

BABA on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps BABA-USD.P−0.079%+0.0050%1h$303K$251K10xas long as short
Vest BABA-USD-PERP−0.079%+0.0046%1h—$9K10xas long as short
Variational Omni BABAshort−0.060%+0.0287%8h$359K$525K—
Phoenix BABA−0.052%+0.0281%1h$78K$129K10xas long as short
tradeXYZ xyz:BABA0.000%+0.0050%1h$12.4M$2.2M10xas long as short
Polymarket Perps BABA-USDlong0.000%+0.0050%1h$8K$243K10x
QFEX BABA-USD+0.026%+0.0069%1h$1.2M$4.8M10xas long as short
KuCoin BABAUSDTM+0.026%+0.0100%8h$595K$955K20xas long as short
Arcus BABA-USD+0.035%+0.0570%1h$68K$56K10xas long as short
HTX BABA-USDT+0.035%0.0000%8h$37K$2K20xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter RH BABA+0.044%+0.0032%1h$476K$378K10xas long as short
Bitget BABAUSDT+0.044%+0.0220%8h$2.7M$1.1M20xas long as short
Extended BABA_24_5-USD+0.047%+0.0312%1h$28K$346K10xas long as short
Binance BABAUSDT+0.070%+0.0310%8h$15.6M$17.6M20xas long as short
Gate BABA_USDT+0.070%0.0000%8h$1.4M$1.3M50xas long as short
SunX BABA-USDT+0.070%0.0000%8h$703$4.0M20xas long as short
Orderly PERP_BABA_USDC_mythos+0.079%+0.0100%8h$2K$1K10xas long as short
Bybit BABAUSDT+0.114%0.0000%8h$2.2M$544K25xas long as short
Lighter BABA+0.140%+0.0032%1h$379K$36K10xas long as short
Aster BABAUSDT+0.140%0.0000%8h$80K$14K20xas long as short
Injective BABA/USDC PERP+1.294%+0.0033%1h$11K$26K12xas long as short