BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0193%/8h= +21.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.056%

Price spread now: Phoenix against QFEX−0.313%112s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Phoenix

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Phoenix is 0.313% cheaper against QFEX than usual: you would sell low and buy high (spread −0.313% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 5.4 days of funding at the current rate (+$6 a day). The two prices were read 112 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	118.12	0.0080	pay 0.0010% / 1h	3m 38s	$1.2M	$2.8M	10x
Short	Phoenix BABA	117.75	0.0273	get 0.0034% / 1h	3m 38s	$66K	$89K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee PhoenixbpOrdersPrice spread, now −0.313%Rate

Funding earned: $40.56
Price spread: −0.313% → 0.000%: −$31.32
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$7.76
Costs to cover: 0.170%
Break-even: 8.3 days

Slippage unknown: QFEX: live order book, 4 min ago; Phoenix: 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, 4 min ago	1.70 bp	7.5 bp −$8	11.7 bp −$117	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	117.98	−0.117%	$69K	$39K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	118.15	+0.025%	$2.1M	$707K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.18	+0.051%	$1.5M	$2.0M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	118.09	−0.025%	$2.4M	$2.0M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	118.25	+0.110%	$823	$2.6M	20x	as long as short
Lighter BABA	+0.0032%	1h	118.24	+0.102%	$376K	$72K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	118.16	+0.034%	$440K	$495K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.930%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	118.05	−0.059%	$71K	$136K	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	118.24	+0.102%	—	$19K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps BABA-USD	+0.0050%	1h	118.22	+0.085%	$8K	$280K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.72	−0.339%	$232K	$400K	10x	as long as short
QFEX BABA-USDlong	+0.0080%	1h	118.12	long leg	$1.2M	$2.8M	10x
tradeXYZ xyz:BABA	+0.0092%	1h	118.15	+0.025%	$12.1M	$4.6M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	118.05	−0.059%	$617K	$443K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.24	+0.102%	$2K	$798	10x	as long as short
HTX BABA-USDT	+0.0120%	8h	117.93	−0.161%	$30K	$19K	20x	as long as short
Variational Omni BABA	+0.0179%	8h	117.93	−0.165%	$339K	$664K	—	as long as short
Extended BABA_24_5-USD	+0.0232%	1h	118.08	−0.032%	$45K	$311K	10x	as long as short
Binance BABAUSDT	+0.0241%	8h	118.11	−0.006%	$15.5M	$31.0M	20x	as long as short
Phoenix BABAshort	+0.0273%	1h	117.75	−0.313%	$66K	$89K	10x
GRVT BABA_USDT_Perp	+0.0407%	8h	117.87	−0.212%	$3K	$180K	10x	as long as short