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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against SunX0.000%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1661.657% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.040%−$4 · spread now 0.000%, 7d avg −0.014%
Together, before fees−0.040%−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BABA-USDT116.970get 0.0000% / 8h6h 44m$916$4.1M20x
ShortBybit BABAUSDT116.970get 0.0000% / 8h6h 44m$2.2M$595K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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

Funding earned
$0
Price spread: 0.000% → −0.014%
$1.39
Slippage, 4 orders
−$146.67
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$164.28
Costs to cover
1.657%
Break-even
never at this rate
Slippage from SunX: live order book, 4 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago46.18 bp64.2 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago5.13 bp23.3 bp −$23118.7 bp −$1,187doesn't fitdoesn't fit

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%8h116.85−0.099%$77K$27K20xas long as short
Bybit BABAUSDTshort0.0000%8h116.970.000%$2.2M$595K25x
Gate BABA_USDT0.0000%8h116.93−0.034%$1.4M$1.5M50xas long as short
Bitget BABAUSDT0.0000%8h116.95−0.017%$2.5M$1.3M20xas long as short
SunX BABA-USDTlong0.0000%8h116.97long leg$916$4.1M20x
HTX BABA-USDT0.0000%8h116.96−0.009%$37K$2K20xas long as short
Lighter BABA+0.0032%1h117.01+0.034%$386K$44K10xas long as short
Lighter RH BABA+0.0032%1h116.87−0.085%$422K$494K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−0.966%$11K$26K12xas long as short
QFEX BABA-USD+0.0035%1h116.94−0.026%$1.2M$4.7M10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BABA_USDT_Perp+0.0040%8h116.98+0.011%$3K$231K10xas long as short
Arcus BABA-USD+0.0040%1h116.90−0.060%$74K$102K10xas long as short
Vest BABA-USD-PERP+0.0046%1h116.88−0.077%$18K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h116.83−0.120%$12.3M$3.4M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h116.87−0.085%$10K$264K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h116.85−0.103%$236K$365K10xas long as short
KuCoin BABAUSDTM+0.0100%8h116.85−0.103%$608K$531K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h116.93−0.034%$1K$1K10xas long as short
Variational Omni BABA+0.0156%8h116.90−0.063%$302K$619Kas long as short
Phoenix BABA+0.0205%1h116.91−0.051%$65K$71K10xas long as short
Extended BABA_24_5-USD+0.0208%1h116.89−0.066%$47K$365K10xas long as short
Binance BABAUSDT+0.0209%8h116.92−0.041%$15.4M$23.2M20xas long as short