Funding you earn now, next payment 07:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.013%
Price spread now: KuCoin against QFEX−0.009%7-day average −0.064% · 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−$155as in the Price arb table
costs, in and out, $10k−$1611.606% of the position
Funding, last 4 days (all we have)+0.085%+$9 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.009%, 7d avg −0.064%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.056% dearer against QFEX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 117.22 | 0.0063 | pay 0.0008% / 1h | 50m 17s | $1.2M | $3.1M | 10x |
| Short | KuCoin BABAUSDTM | 117.21 | 0.0100 | get 0.0100% / 8h | 1h 50m | $609K | $409K | 20x |
QFEX BABA-USD
KuCoin BABAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $7.74
- Price spread: −0.009% → −0.064%
- $5.59
- Slippage, 4 orders
- −$138.57
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$147.23
- Costs to cover
- 1.606%
- Break-even
- 140.1 days
Slippage from QFEX: live order book, 3 min ago; KuCoin: live order book, 69 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, 3 min ago | 1.28 bp | 6.3 bp −$6 | 11.8 bp −$118 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 69 min ago | 22.87 bp | 67.4 bp −$67 | doesn't fit | 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 | 117.43 | +0.183% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.27 | +0.043% | $2.1M | $732K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.29 | +0.060% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.27 | +0.043% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.28 | +0.051% | $588 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.32 | +0.085% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.36 | +0.119% | $373K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.25 | +0.026% | $435K | $510K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.177% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.27 | +0.043% | $71K | $110K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
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 | 117.31 | +0.077% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.23 | +0.009% | $11.8M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.22 | 0.000% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.19 | −0.026% | $225K | $418K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0062% | 8h | 117.33 | +0.094% | $2K | $194K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0063% | 1h | 117.22 | long leg | $1.2M | $3.1M | 10x | |
| Variational Omni BABA | +0.0087% | 8h | 117.27 | +0.039% | $264K | $658K | — | as long as short |
| KuCoin BABAUSDTMshort | +0.0100% | 8h | 117.21 | −0.009% | $609K | $409K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.26 | +0.034% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0152% | 1h | 117.25 | +0.023% | $44K | $352K | 10x | as long as short |
| Binance BABAUSDT | +0.0154% | 8h | 117.28 | +0.052% | $15.5M | $32.1M | 20x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 117.38 | +0.136% | $66K | $89K | 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
Variational Omni BABA
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA