Funding you earn now, next payment 02:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: QFEX against Lighter+0.026%7-day average −0.098% · 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−$42as in the Price arb table
costs, in and out, $10k−$540.540% of the position
Funding, last 3 days (all we have)−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.026%, 7d avg −0.098%
=Together, before fees−0.245%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.124% dearer against Lighter than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.098%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 117.04 | 0.0032 | pay 0.0004% / 1h | 19m 57s | $385K | $45K | 10x |
| Short | QFEX BABA-USD | 117.07 | 0.0035 | get 0.0004% / 1h | 19m 57s | $1.2M | $4.5M | 10x |
Lighter BABA
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Lighter. 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
- $0.54
- Price spread: +0.026% → −0.098%
- $12.39
- Slippage, 4 orders
- −$44.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$41.09
- Costs to cover
- 0.540%
- Break-even
- 542.0 days
Slippage from Lighter: live order book, 40 min ago; QFEX: live order book, 3 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 Lighter live order book, 40 min ago | 10.67 bp | 19.0 bp −$19 | 21.1 bp −$211 | 66.4 bp −$6,645 | doesn't fit |
| Sell QFEX live order book, 3 min ago | 2.12 bp | 7.1 bp −$7 | 10.1 bp −$101 | 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 | 117.03 | −0.005% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.05 | +0.009% | $2.2M | $566K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.04 | 0.000% | $1.5M | $1.6M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 117.91 | +0.741% | $3K | $228K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.11 | +0.060% | $960 | $3.8M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.85 | +0.692% | $38K | $2K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 117.04 | long leg | $385K | $45K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.99 | −0.043% | $423K | $498K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.025% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USDshort | +0.0035% | 1h | 117.07 | +0.026% | $1.2M | $4.5M | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 117.36 | +0.273% | $74K | $100K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.12 | +0.068% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.96 | −0.068% | $12.2M | $3.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.99 | −0.043% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.19 | +0.128% | $242K | $367K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.96 | −0.068% | $609K | $529K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.97 | −0.060% | $2K | $798 | 10x | as long as short |
| Bitget BABAUSDT | +0.0111% | 8h | 117.09 | +0.043% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | +0.0138% | 8h | 117.23 | +0.165% | $264K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 117.02 | −0.017% | $43K | $366K | 10x | as long as short |
| Binance BABAUSDT | +0.0193% | 8h | 117.04 | 0.000% | $15.7M | $23.4M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.65 | +0.521% | $66K | $71K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Bitget BABAUSDT
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA