Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.008%
Price spread now: QFEX against Lighter RH+0.025%7-day average +0.051% · 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−$24as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 4 days (all we have)−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.025%, 7d avg +0.051%
=Together, before fees−0.005%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. QFEX is 0.025% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.051%). If the spread goes back, that is −$3 on $10k: about 2.3 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BABA | 118.47 | 0.0032 | pay 0.0004% / 1h | 20m 27s | $436K | $506K | 10x |
| Short | QFEX BABA-USD | 118.50 | 0.0068 | get 0.0009% / 1h | 20m 27s | $1.2M | $4.2M | 10x |
Lighter RH BABA
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Lighter RH. 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
- $7.59
- Price spread: +0.025% → +0.051%
- −$2.52
- Slippage, 4 orders
- −$11.33
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$16.25
- Costs to cover
- 0.213%
- Break-even
- 22.0 days
Slippage from Lighter RH: live order book, 37 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 RH live order book, 37 min ago | 3.35 bp | 3.6 bp −$4 | 14.6 bp −$146 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 1.69 bp | 7.0 bp −$7 | 10.7 bp −$107 | 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 | 118.55 | +0.066% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.48 | +0.008% | $2.1M | $693K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.51 | +0.034% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.51 | +0.034% | $832 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.51 | +0.034% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0023% | 8h | 118.55 | +0.068% | $3K | $216K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.52 | +0.042% | $377K | $73K | 10x | as long as short |
| Lighter RH BABAlong | +0.0032% | 1h | 118.47 | long leg | $436K | $506K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.220% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.38 | −0.076% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter 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 | 118.51 | +0.034% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.38 | −0.076% | $11.9M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.43 | −0.034% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.43 | −0.034% | $242K | $404K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0068% | 1h | 118.50 | +0.025% | $1.2M | $4.2M | 10x | |
| Variational Omni BABA | +0.0077% | 8h | 118.43 | −0.031% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.39 | −0.068% | $616K | $484K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.50 | +0.025% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0151% | 8h | 118.50 | +0.025% | $15.8M | $29.9M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0152% | 1h | 118.48 | +0.013% | $44K | $358K | 10x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.43 | −0.034% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0608% | 8h | 118.61 | +0.118% | $2.4M | $1.7M | 20x | as long as short |
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
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT