Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h +0.124%
Price spread now: Arcus against QFEX−0.034%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$290.294% of the position
Funding, last 4 days (all we have)+0.211%+$21 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.034%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Arcus is 0.034% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of 0.000%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.211%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 118.22 | 0.0080 | pay 0.0010% / 1h | 3m 58s | $1.2M | $2.8M | 10x |
| Short | Arcus BABA-USD | 118.18 | 0.0040 | get 0.0005% / 1h | 3m 58s | $71K | $136K | 10x |
QFEX BABA-USD
Arcus BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against QFEX. 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
- −$8.34
- Price spread: −0.034% → 0.000%
- −$3.35
- Slippage, 4 orders
- −$14.94
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$41.13
- Costs to cover
- 0.294%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 4 min ago; Arcus: live order book, 20 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 QFEX live order book, 4 min ago | 1.70 bp | 7.5 bp −$8 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 20 min ago | 2.99 bp | 6.1 bp −$6 | 8.1 bp −$81 | 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 | 118.05 | −0.141% | $69K | $39K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.23 | +0.008% | $2.1M | $707K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.24 | +0.017% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 118.14 | −0.068% | $2.4M | $2.0M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.25 | +0.025% | $823 | $2.6M | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.27 | +0.042% | $376K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.24 | +0.017% | $440K | $495K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.013% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDshort | +0.0040% | 1h | 118.18 | −0.034% | $71K | $136K | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.24 | +0.017% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.22 | 0.000% | $8K | $280K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.72 | −0.423% | $232K | $400K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0080% | 1h | 118.22 | long leg | $1.2M | $2.8M | 10x | |
| tradeXYZ xyz:BABA | +0.0095% | 1h | 118.12 | −0.085% | $12.1M | $4.6M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.16 | −0.051% | $617K | $441K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.24 | +0.017% | $2K | $798 | 10x | as long as short |
| HTX BABA-USDT | +0.0120% | 8h | 117.93 | −0.245% | $30K | $19K | 20x | as long as short |
| Variational Omni BABA | +0.0179% | 8h | 117.93 | −0.249% | $339K | $664K | — | as long as short |
| Extended BABA_24_5-USD | +0.0232% | 1h | 118.16 | −0.052% | $45K | $311K | 10x | as long as short |
| Binance BABAUSDT | +0.0235% | 8h | 118.19 | −0.025% | $15.5M | $31.0M | 20x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 117.75 | −0.398% | $66K | $89K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0407% | 8h | 117.87 | −0.297% | $3K | $180K | 10x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
HTX BABA-USDT
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
GRVT BABA_USDT_Perp