data as of
Settings8H · net · $10k
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Price arb /

BABA

RWAall BABA markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.034%7d average+0.026%fees + slippage, in and out−$27spread needed0.268%
Long on tradeXYZShort on Lighter RH
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:BABA115.980.0050pay 0.0006% / 1h7m 12s$12.1M$2.7M10x
ShortLighter RH BABA116.020.0032get 0.0004% / 1h7m 12s$463K$421K10x

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
$3.45
Funding while held
−$0.54
Slippage, 4 orders
−$8.81
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$23.9
Spread needed to break even
0.268%
Slippage from tradeXYZ: live order book, 3 min ago; Lighter RH: live order book, 37 min ago.

Cost of waiting

funding view
Funding /8h
−0.0018%
Per $10,000 a day
−$0.54
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 tradeXYZ live order book, 3 min ago0.86 bp11.6 bp −$1216.0 bp −$160doesn't fitdoesn't fit
Sell Lighter RH live order book, 37 min ago2.17 bp2.9 bp −$310.0 bp −$100doesn't fitdoesn't fit

BABA price on every exchange

against the cheapest. Click to use as the short leg.
Injective115.84cheapestKuCoin115.90+0.052%Polymarket Perps115.95+0.095%
tradeXYZ115.98+0.121%
Bybit116.01+0.147%
Lighter RH116.02+0.155%
Binance116.02+0.155%SunX116.02+0.155%Ondo Perps116.03+0.164%Vest116.03+0.164%Extended116.04+0.171%QFEX116.04+0.173%Arcus116.06+0.190%Gate116.06+0.190%Bitget116.07+0.199%Orderly116.08+0.207%Lighter116.16+0.276%Phoenix116.16+0.276%Aster116.18+0.294%HTX116.20+0.311%Variational Omni116.23+0.338%

BABA on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BABA/USDC PERP−0.121%+0.0033%1h$11K$26K12xas long as short
KuCoin BABAUSDTM−0.069%+0.0100%8h$602K$875K20xas long as short
Polymarket Perps BABA-USD−0.026%+0.0050%1h$6K$249K10xas long as short
tradeXYZ xyz:BABAlong0.000%+0.0050%1h$12.1M$2.7M10x
Bybit BABAUSDT+0.026%0.0000%8h$2.2M$560K25xas long as short
Lighter RH BABAshort+0.034%+0.0032%1h$463K$421K10x
Binance BABAUSDT+0.034%+0.0173%8h$15.6M$18.9M20xas long as short
SunX BABA-USDT+0.034%0.0000%8h$761$4.2M20xas long as short
Ondo Perps BABA-USD.P+0.043%+0.0050%1h$274K$289K10xas long as short
Vest BABA-USD-PERP+0.043%+0.0046%1h—$9K10xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended BABA_24_5-USD+0.050%+0.0176%1h$18K$359K10xas long as short
QFEX BABA-USD+0.052%+0.0047%1h$1.2M$4.8M10xas long as short
Arcus BABA-USD+0.069%+0.0043%1h$79K$82K10xas long as short
Gate BABA_USDT+0.069%0.0000%8h$1.4M$1.5M50xas long as short
Bitget BABAUSDT+0.078%+0.0134%8h$2.7M$1.2M20xas long as short
Orderly PERP_BABA_USDC_mythos+0.086%+0.0100%8h$2K$1K10xas long as short
Lighter BABA+0.155%+0.0032%1h$384K$37K10xas long as short
Phoenix BABA+0.155%+0.0208%1h$79K$129K10xas long as short
Aster BABAUSDT+0.172%0.0000%8h$81K$14K20xas long as short
HTX BABA-USDT+0.190%0.0000%8h$37K$2K20xas long as short
Variational Omni BABA+0.216%+0.0129%8h$327K$548K—as long as short