Funding you earn now, next payment 04:00 UTC+0.0392%/8h= +42.9% APRpaid last 24h +0.002%
Price spread now: Bitget against QFEX+0.025%7-day average +0.073% · 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−$48as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 4 days (all we have)−0.004%$0 on $10k
+Price spread, last 7 days+0.020%+$2 · spread now +0.025%, 7d avg +0.073%
=Funding pays, the price is against you. Bitget is 0.048% cheaper against QFEX than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.073%). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$12 a day).
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.004% in total (about -0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 118.37 | 0.0068 | pay 0.0009% / 1h | 59m 13s | $1.2M | $4.1M | 10x |
| Short | Bitget BABAUSDT | 118.40 | 0.0460 | get 0.0460% / 8h | 3h 59m | $2.4M | $1.7M | 20x |
QFEX BABA-USD
Bitget BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $82.29
- Price spread: +0.025% → +0.073%
- −$4.78
- Slippage, 4 orders
- −$21.23
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $34.28
- Costs to cover
- 0.432%
- Break-even
- 4.1 days
Slippage from QFEX: live order book, 4 min ago; Bitget: 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 QFEX live order book, 4 min ago | 1.69 bp | 7.0 bp −$7 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.54 bp | 14.9 bp −$15 | 96.3 bp −$963 | 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 | 118.25 | −0.098% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.41 | +0.034% | $2.1M | $698K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.38 | +0.008% | $1.5M | $1.9M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.37 | −0.003% | $3K | $193K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.39 | +0.017% | $851 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.49 | +0.101% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.39 | +0.017% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.32 | −0.042% | $438K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.137% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.29 | −0.068% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
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 | 118.35 | −0.017% | — | $19K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.28 | −0.076% | $238K | $406K | 10x | as long as short |
| Variational Omni BABA | +0.0058% | 8h | 118.29 | −0.064% | $266K | $658K | — | as long as short |
| QFEX BABA-USDlong | +0.0068% | 1h | 118.37 | long leg | $1.2M | $4.1M | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.24 | −0.110% | $616K | $470K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.36 | −0.008% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0136% | 8h | 118.38 | +0.008% | $15.6M | $30.4M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 118.34 | −0.022% | $44K | $358K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0163% | 1h | 118.26 | −0.093% | $11.9M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0173% | 1h | 118.29 | −0.068% | $9K | $266K | 10x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.32 | −0.042% | $66K | $89K | 10x | as long as short |
| Bitget BABAUSDTshort | +0.0460% | 8h | 118.40 | +0.025% | $2.4M | $1.7M | 20x |
Vest BABA-USD-PERP
Ondo Perps BABA-USD.P
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Phoenix BABA