Funding you earn now, next payment 03:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Polymarket Perps against QFEX−0.042%7-day average −0.055% · 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−$29as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 4 days (all we have)+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.042%, 7d avg −0.055%
=The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 119.87 | 0.0061 | pay 0.0008% / 1h | 31m 23s | $1.2M | $4.4M | 10x |
| Short | Polymarket Perps BABA-USD | 119.82 | 0.0050 | get 0.0006% / 1h | 31m 23s | $10K | $264K | 10x |
QFEX BABA-USD
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$2.34
- Price spread: −0.042% → −0.055%
- $1.29
- Slippage, 4 orders
- −$12.63
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$31.68
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 7 min ago; Polymarket Perps: live order book, 31 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 | 2.52 bp | 7.5 bp −$8 | 11.4 bp −$114 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 31 min ago | 3.38 bp | 8.2 bp −$8 | 8.2 bp −$82 | 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 | 119.84 | −0.028% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.96 | +0.075% | $2.2M | $629K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.92 | +0.042% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.65 | −0.187% | $3K | $219K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.89 | +0.017% | $746 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.74 | −0.108% | $35K | $8K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.93 | +0.050% | $381K | $69K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.86 | −0.008% | $433K | $497K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −3.362% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.54 | −0.275% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
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 | 119.90 | +0.025% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.77 | −0.083% | $12.2M | $3.7M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 119.82 | −0.042% | $10K | $264K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.77 | −0.083% | $243K | $388K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0061% | 1h | 119.87 | long leg | $1.2M | $4.4M | 10x | |
| Variational Omni BABA | +0.0095% | 8h | 119.43 | −0.370% | $268K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.89 | +0.017% | $624K | $514K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.90 | +0.025% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 119.86 | −0.012% | $44K | $368K | 10x | as long as short |
| Binance BABAUSDT | +0.0163% | 8h | 119.86 | −0.009% | $16.1M | $25.9M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 119.43 | −0.367% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0708% | 8h | 119.87 | 0.000% | $2.5M | $1.4M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT