Funding you earn now, next payment 00:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h −0.003%
Price spread now: QFEX against Polymarket Perps+0.069%7-day average +0.053% · 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−$28as in the Price arb table
costs, in and out, $10k−$290.292% of the position
Funding, last 3 days (all we have)−0.074%−$7 on $10k
+Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.069%, 7d avg +0.053%
=The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BABA-USD | 116.38 | 0.0050 | pay 0.0006% / 1h | 55m 55s | $10K | $264K | 10x |
| Short | QFEX BABA-USD | 116.46 | 0.0072 | get 0.0009% / 1h | 55m 55s | $1.2M | $5.2M | 10x |
Polymarket Perps BABA-USD
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Polymarket Perps. 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
- $4.62
- Price spread: +0.069% → +0.053%
- $1.56
- Slippage, 4 orders
- −$11.17
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$22.99
- Costs to cover
- 0.292%
- Break-even
- 41.8 days
Slippage from Polymarket Perps: live order book, 16 min ago; QFEX: live order book, 8 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 Polymarket Perps live order book, 16 min ago | 3.44 bp | 7.4 bp −$7 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 min ago | 2.15 bp | 7.1 bp −$7 | 8.8 bp −$88 | 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 | 116.39 | +0.011% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.50 | +0.103% | $2.2M | $584K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.47 | +0.077% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.46 | +0.069% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.50 | +0.103% | $1K | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.58 | +0.172% | $37K | $2K | 20x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.464% | $11K | $26K | 12x | as long as short |
| Lighter RH BABA | +0.0040% | 1h | 116.43 | +0.043% | $444K | $479K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.34 | −0.034% | — | $9K | 10x | as long as short |
| Polymarket Perps BABA-USDlong | +0.0050% | 1h | 116.38 | long leg | $10K | $264K | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Injective BABA/USDC PERP
Lighter RH BABA
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.16 | −0.189% | $243K | $354K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0072% | 1h | 116.46 | +0.069% | $1.2M | $5.2M | 10x | |
| tradeXYZ xyz:BABA | +0.0081% | 1h | 116.38 | 0.000% | $12.1M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.40 | +0.017% | $604K | $566K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.47 | +0.077% | $2K | $798 | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0130% | 8h | 116.49 | +0.098% | $2K | $245K | 10x | as long as short |
| Variational Omni BABA | +0.0141% | 8h | 116.48 | +0.090% | $301K | $619K | — | as long as short |
| Binance BABAUSDT | +0.0212% | 8h | 116.46 | +0.069% | $15.4M | $21.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0216% | 1h | 116.46 | +0.071% | $42K | $380K | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.48 | +0.086% | $65K | $133K | 10x | as long as short |
| Lighter BABA | +0.0416% | 1h | 116.59 | +0.180% | $385K | $49K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.50 | +0.103% | $75K | $101K | 10x | as long as short |
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
GRVT BABA_USDT_Perp
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Lighter BABA
Arcus BABA-USD