Funding you earn now, next payment 03:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.055%
Price spread now: QFEX against Binance+0.017%7-day average −0.057% · 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−$28as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 4 days (all we have)−0.049%−$5 on $10k
+Price spread, last 7 days−0.062%−$6 · spread now +0.017%, 7d avg −0.057%
=The price spread pays, funding is against you. QFEX is 0.074% dearer against Binance than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.057%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 4 days (−0.049% in total) that is about 5.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BABAUSDT | 119.40 | 0.0157 | pay 0.0157% / 8h | 5h 36m | $15.7M | $25.3M | 20x |
| Short | QFEX BABA-USD | 119.42 | 0.0061 | get 0.0008% / 1h | 36m 47s | $1.2M | $4.3M | 10x |
Binance BABAUSDT
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Binance. 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
- −$20.22
- Price spread: +0.017% → −0.057%
- $7.35
- Slippage, 4 orders
- −$15.4
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$48.27
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; QFEX: live order book, 7 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 Binance live order book, 4 min ago | 0.42 bp | 9.2 bp −$9 | 18.8 bp −$188 | 69.6 bp −$6,958 | doesn't fit |
| Sell QFEX live order book, 7 min ago | 2.12 bp | 8.4 bp −$8 | 11.8 bp −$118 | 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 | 119.31 | −0.076% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.43 | +0.025% | $2.2M | $624K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.42 | +0.017% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.59 | −0.680% | $3K | $219K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.48 | +0.067% | $828 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.67 | +0.226% | $35K | $8K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.36 | −0.034% | $387K | $62K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.26 | −0.117% | $431K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.982% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.65 | −0.628% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.34 | −0.050% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.30 | −0.084% | $12.2M | $3.7M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.36 | −0.034% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.37 | −0.025% | $235K | $384K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0061% | 1h | 119.42 | +0.017% | $1.2M | $4.3M | 10x | |
| Variational Omni BABA | +0.0092% | 8h | 118.27 | −0.945% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.30 | −0.084% | $622K | $515K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.45 | +0.042% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDTlong | +0.0157% | 8h | 119.40 | long leg | $15.7M | $25.3M | 20x | |
| Extended BABA_24_5-USD | +0.0160% | 1h | 119.39 | −0.011% | $44K | $368K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.57 | −0.695% | $66K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0441% | 8h | 119.43 | +0.025% | $2.5M | $1.4M | 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
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT