Funding you earn now, next payment 22:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.015%
Price spread now: Bybit against QFEX−0.017%7-day average +0.069% · 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−$100as in the Price arb table
costs, in and out, $10k−$910.908% of the position
Funding, last 3 days (all we have)−0.020%−$2 on $10k
+Price spread, last 7 days+0.128%+$13 · spread now −0.017%, 7d avg +0.069%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.087% cheaper against QFEX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.00 | 0.0042 | pay 0.0005% / 1h | 27m 37s | $1.2M | $5.0M | 10x |
| Short | Bybit BABAUSDT | 115.98 | 0 | get 0.0000% / 8h | 2h 27m | $2.2M | $615K | 25x |
QFEX BABA-USD
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$8.85
- Price spread: −0.017% → +0.069%
- −$8.67
- Slippage, 4 orders
- −$69.84
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$108.36
- Costs to cover
- 0.908%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 6 min ago; Bybit: live order book, 4 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, 6 min ago | 8.19 bp | 31.2 bp −$31 | 35.3 bp −$353 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.45 bp | 12.6 bp −$13 | 91.9 bp −$919 | 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 | 115.98 | −0.021% | $73K | $25K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 115.98 | −0.017% | $2.2M | $615K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 116.03 | +0.026% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.06 | +0.052% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.01 | +0.009% | $484 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.03 | +0.026% | $37K | $2K | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 116.01 | +0.013% | $300K | $620K | — | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 115.99 | −0.009% | $446K | $595K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.138% | $11K | $26K | 12x | as long as short |
| Lighter BABA | +0.0040% | 1h | 116.14 | +0.121% | $384K | $51K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Variational Omni BABA
Lighter RH BABA
Injective BABA/USDC PERP
Lighter BABAShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX BABA-USDlong | +0.0042% | 1h | 116.00 | long leg | $1.2M | $5.0M | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 115.98 | −0.017% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 115.98 | −0.017% | $12.1M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.95 | −0.043% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 115.97 | −0.026% | $249K | $337K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0060% | 8h | 116.02 | +0.016% | $3K | $273K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0072% | 1h | 115.98 | −0.015% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0073% | 8h | 116.01 | +0.011% | $15.4M | $21.0M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.91 | −0.078% | $602K | $689K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.02 | +0.017% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0207% | 1h | 115.99 | −0.009% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0643% | 1h | 116.03 | +0.026% | $79K | $93K | 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
Extended BABA_24_5-USD
Binance BABAUSDT
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD