Funding you earn now, next payment 23:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.016%
Price spread now: QFEX against Bybit−0.034%53s7-day average −0.069% · 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—prices read too far apart to compare
costs, in and out, $10k−$490.485% of the position
Funding, last 3 days (all we have)+0.020%+$2 on $10k
+Price spread, last 7 days−0.091%−$9 · spread now −0.034%, 7d avg −0.069%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.035% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.069%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BABAUSDT | 115.98 | 0 | get 0.0000% / 8h | 1h 28m | $2.2M | $612K | 25x |
| Short | QFEX BABA-USD | 115.94 | 0.0035 | get 0.0004% / 1h | 28m 50s | $1.2M | $5.1M | 10x |
Bybit BABAUSDT
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bybit. 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
- $7.31
- Price spread: −0.034% → −0.069%
- $3.48
- Slippage, 4 orders
- −$27.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$37.74
- Costs to cover
- 0.485%
- Break-even
- 43.1 days
Slippage from Bybit: live order book, 3 min ago; QFEX: live order book, 5 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 Bybit live order book, 3 min ago | 2.59 bp | 14.3 bp −$14 | 133.7 bp −$1,337 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.73 bp | 6.7 bp −$7 | 9.0 bp −$90 | 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 | 116.00 | +0.017% | $75K | $27K | 20x | as long as short |
| Extended BABA_24_5-USD | 0.0000% | 1h | 115.96 | −0.016% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | 0.0000% | 8h | 115.98 | +0.002% | $15.3M | $21.1M | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 115.98 | long leg | $2.2M | $612K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 115.97 | −0.009% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.00 | +0.017% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 115.95 | −0.025% | $300K | $620K | — | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 115.97 | −0.013% | $3K | $258K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 115.96 | −0.017% | $807 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 115.99 | +0.009% | $37K | $2K | 20x | as long as short |
Aster BABAUSDT
Extended BABA_24_5-USD
Binance BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
Variational Omni BABA
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BABA | +0.0032% | 1h | 116.13 | +0.129% | $384K | $49K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 115.99 | +0.009% | $446K | $590K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.121% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USDshort | +0.0035% | 1h | 115.94 | −0.034% | $1.2M | $5.1M | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 115.95 | −0.026% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 115.91 | −0.060% | $12.1M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.90 | −0.069% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 115.85 | −0.112% | $249K | $336K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.94 | −0.034% | $601K | $638K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 115.96 | −0.017% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.02 | +0.034% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0462% | 1h | 115.97 | −0.009% | $79K | $93K | 10x | as long as short |
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD