Funding you earn now, next payment 05:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h −0.124%
Price spread now: QFEX against Arcus+0.034%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Funding, last 4 days (all we have)−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.034%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.035% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 4 days funding on this pair cost −0.212%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BABA-USD | 118.28 | 0.0040 | pay 0.0005% / 1h | 2m 36s | $72K | $109K | 10x |
| Short | QFEX BABA-USD | 118.32 | 0.0056 | get 0.0007% / 1h | 2m 36s | $1.2M | $3.6M | 10x |
Arcus BABA-USD
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.23
- Price spread: +0.034% → −0.001%
- $3.53
- Slippage, 4 orders
- −$24.18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$31.92
- Costs to cover
- 0.387%
- Break-even
- 76.1 days
Slippage from Arcus: live order book, 41 min ago; QFEX: live order book, 6 min ago.
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 Arcus live order book, 41 min ago | 4.65 bp | 11.9 bp −$12 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 2.11 bp | 7.1 bp −$7 | 10.4 bp −$104 | doesn't fit | doesn't fit |
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 | 118.42 | +0.116% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.25 | −0.025% | $2.1M | $706K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.30 | +0.017% | $1.5M | $2.0M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.31 | +0.025% | $906 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.36 | +0.068% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.36 | +0.068% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.29 | +0.008% | $438K | $508K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.063% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDlong | +0.0040% | 1h | 118.28 | long leg | $72K | $109K | 10x | |
| GRVT BABA_USDT_Perp | +0.0043% | 8h | 118.34 | +0.051% | $3K | $193K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
GRVT BABA_USDT_PerpShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.26 | −0.017% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.18 | −0.085% | $12.0M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.18 | −0.085% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.26 | −0.017% | $239K | $408K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0056% | 1h | 118.32 | +0.034% | $1.2M | $3.6M | 10x | |
| Variational Omni BABA | +0.0078% | 8h | 118.34 | +0.054% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.19 | −0.076% | $615K | $451K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.24 | −0.034% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0159% | 8h | 118.30 | +0.017% | $15.7M | $30.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 118.27 | −0.009% | $43K | $356K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.23 | −0.042% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0228% | 8h | 118.29 | +0.008% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT