Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.017%
Price spread now: Gate against QFEX+0.034%7-day average +0.071% · 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−$46as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 3 days (all we have)+0.037%+$4 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now +0.034%, 7d avg +0.071%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.037% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.071%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.71 | 0.0072 | pay 0.0009% / 1h | 11m 05s | $1.2M | $5.1M | 10x |
| Short | Gate BABA_USDT | 116.75 | 0 | get 0.0000% / 8h | 7h 11m | $1.4M | $1.6M | 50x |
QFEX BABA-USD
Gate BABA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$15.12
- Price spread: +0.034% → +0.071%
- −$3.66
- Slippage, 4 orders
- −$17.26
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$61.04
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 7 min ago; Gate: live order book, 1 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, 7 min ago | 2.57 bp | 7.6 bp −$8 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 3.00 bp | 11.6 bp −$12 | 129.0 bp −$1,290 | 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 | 116.68 | −0.027% | $76K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.71 | 0.000% | $2.2M | $582K | 25x | as long as short |
| Gate BABA_USDTshort | 0.0000% | 8h | 116.75 | +0.034% | $1.4M | $1.6M | 50x | |
| Bitget BABAUSDT | 0.0000% | 8h | 116.74 | +0.026% | $2.5M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.74 | +0.028% | $3K | $233K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.75 | +0.034% | $998 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.89 | +0.154% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.85 | +0.120% | $386K | $50K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.73 | +0.017% | $424K | $511K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.745% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.75 | +0.034% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.71 | 0.000% | $12.1M | $2.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.64 | −0.060% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.64 | −0.060% | $234K | $353K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0072% | 1h | 116.71 | long leg | $1.2M | $5.1M | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.59 | −0.103% | $605K | $542K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.74 | +0.026% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0137% | 8h | 116.74 | +0.022% | $302K | $619K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.72 | +0.009% | $46K | $365K | 10x | as long as short |
| Binance BABAUSDT | +0.0195% | 8h | 116.75 | +0.036% | $15.4M | $22.2M | 20x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.74 | +0.026% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.69 | −0.017% | $75K | $100K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Arcus BABA-USD