data as of
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Price arb /

BABA

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Spread before costs (cost unknown: a leg has no order-book sample)−0.087%
7d average−0.065%if it closes, per $10,000$9funding while held, a day−$4.92
Long on Variational OmniShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BABA115.070.0214pay 0.0214% / 8h7h 57m$359K$513K—
ShortPolymarket Perps BABA-USD114.970.0050get 0.0006% / 1h57m 44s$6K$249K10x

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
−$8.74
Funding while held
−$4.92
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$21.66
Spread needed to break even
0.080%
Slippage unknown: Variational Omni: RFQ quote, 53 min ago; Polymarket Perps: live order book, 51 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0164%
Per $10,000 a day
−$4.92
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 Variational Omni RFQ quote, 53 min ago3.23 bpdoesn't fit24.0 bp −$240doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 51 min ago3.50 bp7.5 bp −$87.7 bp −$77doesn't fitdoesn't fit

BABA price on every exchange

against the cheapest. Click to use as the short leg.
Arcus114.96cheapestOndo Perps114.97+0.009%Vest114.97+0.009%
Polymarket Perps114.97+0.009%
KuCoin115.00+0.035%Aster115.04+0.067%tradeXYZ115.05+0.078%QFEX115.05+0.078%Bybit115.06+0.087%SunX115.06+0.087%
Variational Omni115.07+0.096%
Phoenix115.08+0.104%Orderly115.10+0.122%Lighter RH115.11+0.130%Extended115.12+0.143%Gate115.13+0.148%HTX115.13+0.148%Binance115.13+0.150%Bitget115.18+0.191%Lighter115.24+0.244%Injective115.84+0.765%

BABA on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Arcus BABA-USD−0.096%+0.0043%1h$79K$73K10xas long as short
Ondo Perps BABA-USD.P−0.087%+0.0050%1h$303K$254K10xas long as short
Vest BABA-USD-PERP−0.087%+0.0046%1h—$9K10xas long as short
Polymarket Perps BABA-USDshort−0.087%+0.0050%1h$6K$249K10x
KuCoin BABAUSDTM−0.061%+0.0100%8h$597K$920K20xas long as short
Aster BABAUSDT−0.029%0.0000%8h$81K$14K20xas long as short
tradeXYZ xyz:BABA−0.018%+0.0050%1h$12.2M$2.4M10xas long as short
QFEX BABA-USD−0.018%+0.0047%1h$1.2M$4.8M10xas long as short
Bybit BABAUSDT−0.009%0.0000%8h$2.2M$549K25xas long as short
SunX BABA-USDT−0.009%0.0000%8h$983$4.1M20xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni BABAlong0.000%+0.0214%8h$359K$513K—
Phoenix BABA+0.008%+0.0281%1h$78K$129K10xas long as short
Orderly PERP_BABA_USDC_mythos+0.026%+0.0100%8h$2K$1K10xas long as short
Lighter RH BABA+0.034%+0.0032%1h$468K$409K10xas long as short
Extended BABA_24_5-USD+0.046%+0.0240%1h$18K$359K10xas long as short
Gate BABA_USDT+0.052%0.0000%8h$1.4M$1.4M50xas long as short
HTX BABA-USDT+0.052%0.0000%8h$37K$2K20xas long as short
Binance BABAUSDT+0.054%+0.0242%8h$15.6M$18.0M20xas long as short
Bitget BABAUSDT+0.095%+0.0194%8h$2.7M$1.1M20xas long as short
Lighter BABA+0.147%+0.0032%1h$381K$36K10xas long as short
Injective BABA/USDC PERP+0.669%+0.0033%1h$11K$26K12xas long as short