Funding you earn now, next payment 04:00 UTC−0.0915%/8h= −100.2% APRpaid last 24h −0.002%
Price spread now: QFEX against Bitget−0.025%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 4 days (all we have)+0.004%$0 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now −0.025%, 7d avg −0.073%
=The price spread pays, funding is against you. QFEX is 0.048% dearer against Bitget than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.073%): +$5 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 4 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.004% in total (about 0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BABAUSDT | 118.87 | 0.0983 | pay 0.0983% / 8h | 4h 47m | $2.4M | $1.7M | 20x |
| Short | QFEX BABA-USD | 118.84 | 0.0068 | get 0.0009% / 1h | 47m 31s | $1.2M | $4.3M | 10x |
Bitget BABAUSDT
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bitget. 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
- −$192.12
- Price spread: −0.025% → −0.073%
- $4.79
- Slippage, 4 orders
- −$20.38
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$229.71
- Costs to cover
- 0.424%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; QFEX: live order book, 11 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 Bitget live order book, 5 min ago | 1.26 bp | 11.9 bp −$12 | 23.5 bp −$235 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 11 min ago | 2.09 bp | 7.1 bp −$7 | 7.1 bp −$71 | 17.3 bp −$1,725 | 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 | 119.08 | +0.175% | $72K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.89 | +0.017% | $2.2M | $645K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.86 | −0.008% | $1.5M | $1.8M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.00 | +0.106% | $3K | $217K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.88 | +0.008% | $808 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.07 | +0.168% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.93 | +0.050% | $378K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.83 | −0.034% | $428K | $495K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.549% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.95 | +0.067% | $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 | 118.85 | −0.017% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.76 | −0.093% | $12.0M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.80 | −0.059% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.85 | −0.017% | $241K | $405K | 10x | as long as short |
| Variational Omni BABA | +0.0054% | 8h | 119.08 | +0.176% | $268K | $658K | — | as long as short |
| QFEX BABA-USDshort | +0.0068% | 1h | 118.84 | −0.025% | $1.2M | $4.3M | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.84 | −0.025% | $618K | $498K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.89 | +0.017% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 118.81 | −0.050% | $43K | $360K | 10x | as long as short |
| Binance BABAUSDT | +0.0128% | 8h | 118.85 | −0.019% | $15.6M | $29.8M | 20x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 119.02 | +0.126% | $67K | $90K | 10x | as long as short |
| Bitget BABAUSDTlong | +0.0983% | 8h | 118.87 | long leg | $2.4M | $1.7M | 20x |
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
Binance BABAUSDT
Phoenix BABA