Funding you earn now, next payment 12:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.013%
Price spread now: Orderly against QFEX+0.025%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.025% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 119.61 | 0.0023 | pay 0.0003% / 1h | 50m 36s | $1.3M | $2.8M | 10x |
| Short | Orderly PERP_BABA_USDC_mythos | 119.64 | 0.0100 | get 0.0100% / 8h | 4h 50m | $2K | $798 | 10x |
QFEX BABA-USD
Orderly PERP_BABA_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $16.16
- Price spread: +0.025% → 0.000%
- $2.51
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $2.67
- Costs to cover
- 0.160%
- Break-even
- 5.8 days
Slippage unknown: QFEX: live order book, 5 min ago; Orderly: 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, 5 min ago | 1.68 bp | 7.6 bp −$8 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 exchanges
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 | 119.51 | −0.086% | $70K | $40K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.63 | +0.017% | $2.1M | $730K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.71 | +0.084% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.68 | +0.059% | $2.3M | $2.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.33 | −0.234% | $3K | $186K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.67 | +0.050% | $766 | $2.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.63 | +0.017% | $30K | $19K | 20x | as long as short |
| QFEX BABA-USDlong | +0.0023% | 1h | 119.61 | long leg | $1.3M | $2.8M | 10x | |
| Lighter BABA | +0.0032% | 1h | 119.70 | +0.075% | $384K | $74K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.57 | −0.033% | $400K | $495K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABAShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −3.152% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.56 | −0.042% | $71K | $104K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.72 | +0.092% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.60 | −0.008% | $8K | $171K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.61 | 0.000% | $184K | $476K | 10x | as long as short |
| Variational Omni BABA | +0.0080% | 8h | 119.68 | +0.057% | $393K | $774K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.40 | −0.176% | $622K | $578K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythosshort | +0.0100% | 8h | 119.64 | +0.025% | $2K | $798 | 10x | |
| tradeXYZ xyz:BABA | +0.0109% | 1h | 119.58 | −0.025% | $12.0M | $4.9M | 10x | as long as short |
| Binance BABAUSDT | +0.0118% | 8h | 119.68 | +0.063% | $15.0M | $34.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0120% | 1h | 119.64 | +0.023% | $65K | $375K | 10x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 119.63 | +0.017% | $67K | $100K | 10x | as long as short |
Injective BABA/USDC PERP
Arcus BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
KuCoin BABAUSDTM
tradeXYZ xyz:BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA