BABA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.114%

7d average—if it closes, per $10,000$11funding while held, a day+$0.13

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BABA-USD-PERP	113.95	0.0046	pay 0.0006% / 1h	37m 32s	—	—	10x
Short	Polymarket Perps BABA-USD	114.08	0.0050	get 0.0006% / 1h	37m 32s	$9K	$243K	10x

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee VestbpFee Polymarket PerpsbpOrdersClose when spread is

Spread captured: $11.41
Funding while held: $0.13
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $1.54
Spread needed to break even: 0.100%

Slippage unknown: Vest: no order-book sample; Polymarket Perps: live order book, 16 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0004%
Per $10,000 a day: +$0.13
Average in range /8h: —

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 Vest no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 16 min ago	2.64 bp	7.4 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit

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 price on every exchange

against the cheapest. Click to use as the short leg.

Ondo Perps113.79cheapest Phoenix113.93+0.123%

Vest113.95+0.141%

Variational Omni113.99+0.178%Aster114.01+0.197%KuCoin114.04+0.220%tradeXYZ114.05+0.228%Bybit114.06+0.237%Orderly114.07+0.246%

Polymarket Perps114.08+0.255%

Extended114.08+0.258%Lighter RH114.09+0.264%SunX114.10+0.272%Arcus114.11+0.281%QFEX114.14+0.308%Gate114.14+0.308%Binance114.15+0.315%Bitget114.18+0.343%Lighter114.20+0.360%HTX114.20+0.360%Injective115.84+1.802%

BABA on 21 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps BABA-USD.P	−0.140%	+0.0050%	1h	$303K	$250K	10x	as long as short
Phoenix BABA	−0.018%	+0.0211%	1h	$77K	$129K	10x	as long as short
Vest BABA-USD-PERPlong	0.000%	+0.0046%	1h	—	—	10x
Variational Omni BABA	+0.037%	+0.0307%	8h	$360K	$520K	—	as long as short
Aster BABAUSDT	+0.057%	0.0000%	8h	$80K	$14K	20x	as long as short
KuCoin BABAUSDTM	+0.079%	+0.0100%	8h	$582K	$995K	20x	as long as short
tradeXYZ xyz:BABA	+0.088%	+0.0050%	1h	$12.3M	$2.1M	10x	as long as short
Bybit BABAUSDT	+0.097%	0.0000%	8h	$2.2M	$532K	25x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.105%	+0.0100%	8h	$2K	$1K	10x	as long as short
Polymarket Perps BABA-USDshort	+0.114%	+0.0050%	1h	$9K	$243K	10x

Show all 21 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Extended BABA_24_5-USD	+0.118%	+0.0336%	1h	$26K	$338K	10x	as long as short
Lighter RH BABA	+0.123%	+0.0032%	1h	$466K	$374K	10x	as long as short
SunX BABA-USDT	+0.132%	0.0000%	8h	$758	$3.9M	20x	as long as short
Arcus BABA-USD	+0.140%	+0.0539%	1h	$68K	$46K	10x	as long as short
QFEX BABA-USD	+0.167%	+0.0058%	1h	$1.2M	$4.8M	10x	as long as short
Gate BABA_USDT	+0.167%	0.0000%	8h	$1.4M	$1.3M	50x	as long as short
Binance BABAUSDT	+0.174%	+0.0333%	8h	$15.5M	$17.2M	20x	as long as short
Bitget BABAUSDT	+0.202%	+0.0220%	8h	$2.7M	$1.2M	20x	as long as short
Lighter BABA	+0.219%	+0.0032%	1h	$377K	$36K	10x	as long as short
HTX BABA-USDT	+0.219%	0.0000%	8h	$37K	$2K	20x	as long as short
Injective BABA/USDC PERP	+1.659%	+0.0019%	1h	$11K	$26K	12x	as long as short