Funding you earn now, next payment 23:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h +0.019%
Price spread now: Ondo Perps against QFEX−0.034%7-day average −0.092% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.034%, 7d avg −0.092%
=Together, before fees+0.007%+ Points / potential airdropOndo Perps: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Ondo Perps is 0.057% dearer against QFEX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.02 | 0.0035 | pay 0.0004% / 1h | 20m 20s | $1.2M | $5.1M | 10x |
| Short | Ondo Perps BABA-USD.P | 115.98 | 0.0050 | get 0.0006% / 1h | 20m 20s | $250K | $337K | 10x |
QFEX BABA-USD
Ondo Perps BABA-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against QFEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.28
- Price spread: −0.034% → −0.092%
- $5.72
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$6
- Costs to cover
- 0.150%
- Break-even
- 19.8 days
Slippage unknown: QFEX: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.
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 | 11.63 bp | 30.6 bp −$31 | 33.6 bp −$336 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 116.00 | −0.017% | $75K | $27K | 20x | as long as short |
| Extended BABA_24_5-USD | 0.0000% | 1h | 116.08 | +0.056% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | 0.0000% | 8h | 116.11 | +0.077% | $15.3M | $21.1M | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.09 | +0.060% | $2.2M | $612K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.09 | +0.060% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.11 | +0.078% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 116.00 | −0.017% | $300K | $620K | — | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.03 | +0.009% | $3K | $258K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.08 | +0.052% | $726 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.12 | +0.086% | $37K | $2K | 20x | as long as short |
Aster BABAUSDT
Extended BABA_24_5-USD
Binance BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
Variational Omni BABA
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BABA | +0.0032% | 1h | 116.19 | +0.147% | $384K | $49K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.06 | +0.034% | $446K | $590K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.155% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USDlong | +0.0035% | 1h | 116.02 | long leg | $1.2M | $5.1M | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.01 | −0.009% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.04 | +0.017% | $12.1M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.98 | −0.034% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.Pshort | +0.0050% | 1h | 115.98 | −0.034% | $250K | $337K | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.05 | +0.026% | $601K | $632K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.09 | +0.060% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.05 | +0.026% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0462% | 1h | 116.08 | +0.052% | $79K | $93K | 10x | as long as short |
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD