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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against SunX−0.320%7-day average −0.113% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.141%+$14 on $10k
Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.320%, 7d avg −0.113%
Together, before fees+0.179%+ Points / potential airdropOndo Perps: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.207% cheaper against SunX than usual: you would sell low and buy high (spread −0.320% now, against its 7-day average of −0.113%). If the spread goes back, that is −$21 on $10k: about 14 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BABA-USDT118.630get 0.0000% / 8h4h 40m$585$3.6M20x
ShortOndo Perps BABA-USD.P118.250.0050get 0.0006% / 1h40m 05s$241K$403K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$10.58
Price spread: −0.320% → −0.113%
−$20.68
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$23.1
Costs to cover
0.130%
Break-even
22.3 days
Slippage unknown: SunX: live order book, 8 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 8 min ago46.27 bp64.8 bp −$65doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BABAUSDT0.0000%8h118.71+0.070%$70K$35K20xas long as short
Bybit BABAUSDT0.0000%8h118.70+0.059%$2.2M$647K25xas long as short
Gate BABA_USDT0.0000%8h118.64+0.008%$1.5M$1.9M50xas long as short
GRVT BABA_USDT_Perp0.0000%8h118.82+0.164%$3K$217K10xas long as short
SunX BABA-USDTlong0.0000%8h118.63long leg$585$3.6M20x
HTX BABA-USDT0.0000%8h118.73+0.084%$30K$18K20xas long as short
Lighter BABA+0.0032%1h118.61−0.017%$377K$73K10xas long as short
Lighter RH BABA+0.0032%1h118.53−0.084%$427K$495K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−2.352%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h118.60−0.025%$72K$109K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h118.55−0.067%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h118.52−0.093%$11.9M$4.1M10xas long as short
Polymarket Perps BABA-USD+0.0050%1h118.56−0.059%$9K$266K10xas long as short
Ondo Perps BABA-USD.Pshort+0.0050%1h118.25−0.320%$241K$403K10x
Variational Omni BABA+0.0060%8h118.65+0.015%$267K$658Kas long as short
QFEX BABA-USD+0.0068%1h118.57−0.051%$1.2M$4.3M10xas long as short
KuCoin BABAUSDTM+0.0100%8h118.52−0.093%$618K$495K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h118.59−0.034%$2K$79810xas long as short
Extended BABA_24_5-USD+0.0136%1h118.59−0.034%$43K$360K10xas long as short
Binance BABAUSDT+0.0137%8h118.66+0.025%$15.7M$30.1M20xas long as short
Phoenix BABA+0.0201%1h118.49−0.118%$66K$90K10xas long as short
Bitget BABAUSDT+0.0882%8h118.60−0.025%$2.4M$1.7M20xas long as short