Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.051%
Price spread now: Extended against QFEX+0.034%7-day average −0.010% · 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−$34as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 4 days (all we have)+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.034%, 7d avg −0.010%
=Together, before fees−0.032%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.044% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 118.53 | 0.0068 | pay 0.0009% / 1h | 42m 57s | $1.2M | $4.3M | 10x |
| Short | Extended BABA_24_5-USD | 118.57 | 0.0128 | get 0.0016% / 1h | 42m 57s | $43K | $360K | 10x |
QFEX BABA-USD
Extended BABA_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $12.57
- Price spread: +0.034% → −0.010%
- $4.38
- Slippage, 4 orders
- −$22.88
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$20.93
- Costs to cover
- 0.379%
- Break-even
- 18.7 days
Slippage from QFEX: live order book, 6 min ago; Extended: live order book, 14 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 | 1.26 bp | 6.6 bp −$7 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Extended live order book, 14 min ago | 3.35 bp | 12.5 bp −$13 | 89.2 bp −$892 | 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 | 118.71 | +0.155% | $72K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.65 | +0.101% | $2.2M | $647K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.59 | +0.051% | $1.5M | $1.8M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.82 | +0.248% | $3K | $217K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.59 | +0.051% | $815 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.84 | +0.262% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.57 | +0.034% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.52 | −0.008% | $427K | $495K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.269% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.67 | +0.118% | $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 | 118.56 | +0.025% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.46 | −0.059% | $11.9M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.50 | −0.025% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.25 | −0.236% | $241K | $403K | 10x | as long as short |
| Variational Omni BABA | +0.0058% | 8h | 118.76 | +0.192% | $267K | $658K | — | as long as short |
| QFEX BABA-USDlong | +0.0068% | 1h | 118.53 | long leg | $1.2M | $4.3M | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.54 | +0.008% | $618K | $495K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.56 | +0.025% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USDshort | +0.0128% | 1h | 118.57 | +0.034% | $43K | $360K | 10x | |
| Binance BABAUSDT | +0.0131% | 8h | 118.55 | +0.018% | $15.6M | $29.9M | 20x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.75 | +0.186% | $67K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0928% | 8h | 118.57 | +0.034% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT