Funding you earn now, next payment 02:00 UTC+0.0162%/8h= +17.7% APRpaid last 24h +0.054%
Price spread now: Binance against QFEX+0.161%53s7-day average +0.021% · 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—prices read too far apart to compare
costs, in and out, $10k−$360.365% of the position
Funding, last 3 days (all we have)+0.050%+$5 on $10k
+Price spread, last 2 days (all we have)−0.134%−$13 · spread now +0.161%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.141% dearer against QFEX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 117.68 | 0.0035 | pay 0.0004% / 1h | 23m 42s | $1.2M | $4.6M | 10x |
| Short | Binance BABAUSDT | 117.87 | 0.0196 | get 0.0196% / 8h | 6h 23m | $15.8M | $23.4M | 20x |
QFEX BABA-USD
Binance BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $33.98
- Price spread: +0.161% → +0.021%
- $14.06
- Slippage, 4 orders
- −$16.48
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $11.56
- Costs to cover
- 0.365%
- Break-even
- 4.6 days
Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 2 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, 5 min ago | 2.54 bp | 9.2 bp −$9 | 13.9 bp −$139 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.70 bp | 9.3 bp −$9 | 24.9 bp −$249 | 89.7 bp −$8,969 | 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 | 117.75 | +0.061% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.83 | +0.127% | $2.2M | $562K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.83 | +0.127% | $1.5M | $1.5M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.61 | −0.059% | $891 | $3.9M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.71 | +0.025% | $38K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.92 | +0.204% | $388K | $45K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.72 | +0.034% | $426K | $498K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.564% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USDlong | +0.0035% | 1h | 117.68 | long leg | $1.2M | $4.6M | 10x | |
| Arcus BABA-USD | +0.0040% | 1h | 117.59 | −0.076% | $74K | $101K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH 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 | 117.64 | −0.034% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.67 | −0.008% | $12.3M | $3.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.67 | −0.008% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.51 | −0.144% | $242K | $371K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0071% | 8h | 117.66 | −0.017% | $3K | $228K | 10x | as long as short |
| Bitget BABAUSDT | +0.0098% | 8h | 117.76 | +0.068% | $2.5M | $1.3M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.69 | +0.008% | $612K | $531K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.74 | +0.051% | $1K | $532 | 10x | as long as short |
| Variational Omni BABA | +0.0156% | 8h | 117.67 | −0.012% | $265K | $658K | — | as long as short |
| Binance BABAUSDTshort | +0.0196% | 8h | 117.87 | +0.161% | $15.8M | $23.4M | 20x | |
| Extended BABA_24_5-USD | +0.0200% | 1h | 117.84 | +0.135% | $43K | $366K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.65 | −0.025% | $66K | $71K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
Bitget BABAUSDT
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Phoenix BABA