Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against SunX−0.077%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.077% cheaper against SunX than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BABA-USDT	116.29	0	get 0.0000% / 8h	40m 24s	$1K	$4.2M	20x
Short	Vest BABA-USD-PERP	116.20	0.0046	get 0.0006% / 1h	40m 24s	—	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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

Position, each leg$Hold fordaysFee SunXbpFee VestbpOrdersPrice spread, now −0.077%Rate

Funding earned: $9.59
Price spread: −0.077% → 0.000%: −$7.74
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$8.15
Costs to cover: 0.100%
Break-even: 12.9 days

Slippage unknown: SunX: live order book, 8 min ago; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 8 min ago	45.61 bp	64.0 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BABAUSDT	0.0000%	8h	116.25	−0.035%	$75K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.29	0.000%	$2.2M	$595K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.30	+0.009%	$1.4M	$1.7M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.30	+0.009%	$2.5M	$1.4M	20x	as long as short
SunX BABA-USDTlong	0.0000%	8h	116.29	long leg	$1K	$4.2M	20x
HTX BABA-USDT	0.0000%	8h	116.42	+0.112%	$37K	$2K	20x	as long as short
Variational Omni BABA	+0.0028%	8h	116.29	0.000%	$300K	$620K	—	as long as short
Lighter RH BABA	+0.0032%	1h	116.28	−0.009%	$447K	$580K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.387%	$11K	$26K	12x	as long as short
Vest BABA-USD-PERPshort	+0.0046%	1h	116.20	−0.077%	—	$9K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BABA-USD	+0.0047%	1h	116.27	−0.017%	$1.2M	$5.2M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.19	−0.086%	$10K	$263K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.04	−0.215%	$243K	$352K	10x	as long as short
GRVT BABA_USDT_Perp	+0.0059%	8h	116.34	+0.043%	$2K	$248K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.22	−0.060%	$603K	$602K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.28	−0.009%	$2K	$1K	10x	as long as short
Lighter BABA	+0.0112%	1h	116.45	+0.138%	$385K	$49K	10x	as long as short
Binance BABAUSDT	+0.0119%	8h	116.26	−0.026%	$15.3M	$21.3M	20x	as long as short
Extended BABA_24_5-USD	+0.0120%	1h	116.24	−0.043%	$42K	$383K	10x	as long as short
tradeXYZ xyz:BABA	+0.0156%	1h	116.22	−0.060%	$12.1M	$3.1M	10x	as long as short
Phoenix BABA	+0.0276%	1h	116.34	+0.043%	$65K	$143K	10x	as long as short
Arcus BABA-USD	+0.0394%	1h	116.28	−0.009%	$78K	$94K	10x	as long as short