Alibaba (BABA)
Perp: BABA on HL · Hedge: BABA (Stock)
Funding (ann.)
-0.4%
Basis
+0.24%
Open interest
$11,221,896
Status
delayed
Research note: funding below research threshold
Funding rate — annualized, 6053 settlement snapshots
Timezone: UTC · Units: % annualized · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T11:45:01+00:00
Basis — (perp mark − hedge) / hedge
Timezone: UTC · Units: % · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T11:45:01+00:00
Open interest — historical liquidity
Timezone: UTC · Units: USD notional · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T11:45:01+00:00
Persistence
0% of snapshots over the trailing 168h met the research condition: FR <= -100% APR, 7-day window.
Relevant paper trades
| Opened | Direction | Status | Net P&L | All-in P&L | Close reason |
|---|---|---|---|---|---|
| 2026-05-22 04:19 UTC | short_hl_long_ib | closed | -$15.84 | — | FR decayed to 7.7% |
Known limitations
- The hedge leg only trades during its market's own hours; the perp trades 24/7 — see Methodology for how naked-leg windows are handled.
- Funding and basis figures are delayed, not real-time — see the status strip at the top of every page.