Funding you earn now, next payment 08:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.017%
Price spread now: QFEX against Gate0.000%7-day average −0.068% · 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−$38as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 4 days (all we have)−0.032%−$3 on $10k
+Price spread, last 7 days−0.103%−$10 · spread now 0.000%, 7d avg −0.068%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.068% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BABA_USDT | 116.71 | 0 | get 0.0000% / 8h | 41m 10s | $1.5M | $2.0M | 50x |
| Short | QFEX BABA-USD | 116.71 | 0.0044 | get 0.0005% / 1h | 41m 10s | $1.3M | $3.0M | 10x |
Gate BABA_USDT
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Gate. 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
- $9.24
- Price spread: 0.000% → −0.068%
- $6.84
- Slippage, 4 orders
- −$19.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$28.5
- Costs to cover
- 0.446%
- Break-even
- 28.6 days
Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago | 3.86 bp | 12.7 bp −$13 | 129.0 bp −$1,290 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.71 bp | 6.7 bp −$7 | 9.1 bp −$91 | 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 | 116.75 | +0.031% | $68K | $37K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.65 | −0.051% | $2.1M | $717K | 25x | as long as short |
| Gate BABA_USDTlong | 0.0000% | 8h | 116.71 | long leg | $1.5M | $2.0M | 50x | |
| Bitget BABAUSDT | 0.0000% | 8h | 116.68 | −0.026% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.70 | −0.009% | $781 | $3.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.72 | +0.009% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0007% | 8h | 116.66 | −0.042% | $2K | $190K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.74 | +0.026% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.70 | −0.009% | $434K | $503K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.745% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BABA | +0.0035% | 8h | 116.71 | +0.002% | $336K | $779K | — | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.60 | −0.094% | $70K | $140K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0044% | 1h | 116.71 | 0.000% | $1.3M | $3.0M | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.61 | −0.086% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.64 | −0.060% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.65 | −0.051% | $229K | $427K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0054% | 1h | 116.62 | −0.077% | $11.7M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.66 | −0.043% | $606K | $382K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.69 | −0.017% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0102% | 8h | 116.70 | −0.009% | $15.1M | $32.3M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.67 | −0.033% | $47K | $312K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.65 | −0.051% | $65K | $89K | 10x | as long as short |
Variational Omni BABA
Arcus BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA