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

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against SunX−0.060%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1421.416% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.159%+$16 on $10k
Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.060%, 7d avg −0.072%
Together, before fees+0.157%+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BABA-USDT117.290get 0.0000% / 8h1h 47m$715$3.3M20x
ShortPolymarket Perps BABA-USD117.220.0050get 0.0006% / 1h47m 31s$8K$285K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket 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
$10.5
Price spread: −0.060% → −0.072%
$1.19
Slippage, 4 orders
−$125.59
Fee SunX: 4 bp × 2 orders
−$8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$129.91
Costs to cover
1.416%
Break-even
93.6 days
Slippage from SunX: live order book, 10 min ago; Polymarket Perps: live order book, 60 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, 10 min ago22.93 bp40.9 bp −$41doesn't fitdoesn't fitdoesn't fit
Sell Polymarket Perps live order book, 60 min ago3.38 bp7.4 bp −$77.4 bp −$74doesn'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%8h117.43+0.121%$69K$36K20xas long as short
Bybit BABAUSDT0.0000%8h117.26−0.026%$2.1M$732K25xas long as short
Gate BABA_USDT0.0000%8h117.30+0.009%$1.5M$2.0M50xas long as short
Bitget BABAUSDT0.0000%8h117.32+0.026%$2.4M$1.8M20xas long as short
SunX BABA-USDTlong0.0000%8h117.29long leg$715$3.3M20x
HTX BABA-USDT0.0000%8h117.32+0.026%$30K$19K20xas long as short
Lighter BABA+0.0032%1h117.34+0.043%$373K$72K10xas long as short
Lighter RH BABA+0.0032%1h117.27−0.017%$435K$510K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.236%$11K$26K12xas long as short
Arcus BABA-USD+0.0040%1h117.24−0.043%$71K$110K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BABA-USD-PERP+0.0046%1h117.32+0.026%$19K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h117.22−0.060%$11.8M$4.4M10xas long as short
Polymarket Perps BABA-USDshort+0.0050%1h117.22−0.060%$8K$285K10x
Ondo Perps BABA-USD.P+0.0050%1h117.23−0.051%$225K$418K10xas long as short
GRVT BABA_USDT_Perp+0.0059%8h117.30+0.009%$2K$193K10xas long as short
QFEX BABA-USD+0.0063%1h117.25−0.034%$1.2M$3.1M10xas long as short
Variational Omni BABA+0.0087%8h117.27−0.021%$264K$658Kas long as short
KuCoin BABAUSDTM+0.0100%8h117.26−0.026%$610K$409K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h117.27−0.017%$2K$79810xas long as short
Binance BABAUSDT+0.0149%8h117.30+0.009%$15.3M$32.1M20xas long as short
Extended BABA_24_5-USD+0.0152%1h117.27−0.019%$44K$352K10xas long as short
Phoenix BABA+0.0204%1h117.32+0.026%$66K$89K10xas long as short