Funding you earn now, next payment 23:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.014%
Price spread now: QFEX against KuCoin+0.034%7-day average +0.064% · 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−$179as in the Price arb table
costs, in and out, $10k−$1761.764% of the position
Funding, last 3 days (all we have)−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.034%, 7d avg +0.064%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.030% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BABAUSDTM | 116.09 | 0.0100 | pay 0.0100% / 8h | 1h 07m | $603K | $622K | 20x |
| Short | QFEX BABA-USD | 116.13 | 0.0035 | get 0.0004% / 1h | 7m 42s | $1.2M | $5.1M | 10x |
KuCoin BABAUSDTM
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against KuCoin. 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
- −$13.69
- Price spread: +0.034% → +0.064%
- −$2.99
- Slippage, 4 orders
- −$154.42
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$193.1
- Costs to cover
- 1.764%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 66 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 KuCoin live order book, 66 min ago | 14.24 bp | 93.3 bp −$93 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 11 min ago | 1.72 bp | 6.7 bp −$7 | 7.9 bp −$79 | 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 | 116.04 | −0.041% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.09 | 0.000% | $2.2M | $609K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.16 | +0.060% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.16 | +0.060% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 116.14 | +0.047% | $300K | $620K | — | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.13 | +0.038% | $3K | $254K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.15 | +0.052% | $812 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.20 | +0.095% | $37K | $2K | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0024% | 1h | 116.14 | +0.044% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0026% | 8h | 116.16 | +0.064% | $15.4M | $21.1M | 20x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
Variational Omni BABA
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Extended BABA_24_5-USD
Binance BABAUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BABA | +0.0032% | 1h | 116.30 | +0.181% | $384K | $49K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.17 | +0.069% | $446K | $590K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.215% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USDshort | +0.0035% | 1h | 116.13 | +0.034% | $1.2M | $5.1M | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.13 | +0.034% | — | $9K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.06 | −0.026% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 115.92 | −0.146% | $250K | $336K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0063% | 1h | 116.13 | +0.034% | $12.1M | $3.0M | 10x | as long as short |
| KuCoin BABAUSDTMlong | +0.0100% | 8h | 116.09 | long leg | $603K | $622K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.04 | −0.043% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.21 | +0.103% | $65K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0462% | 1h | 116.16 | +0.060% | $79K | $93K | 10x | as long as short |
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD