Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.017%
Price spread now: SunX against QFEX+0.042%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1431.432% of the position
Funding, last 4 days (all we have)−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.042%, 7d avg +0.019%
=The price spread pays, funding is against you. SunX is 0.023% dearer against QFEX than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.019%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 4 days (−0.023% in total) that is about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 118.50 | 0.0068 | pay 0.0009% / 1h | 22m 57s | $1.2M | $4.2M | 10x |
| Short | SunX BABA-USDT | 118.55 | 0 | get 0.0000% / 8h | 4h 22m | $735 | $3.5M | 20x |
QFEX BABA-USD
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$14.31
- Price spread: +0.042% → +0.019%
- $2.34
- Slippage, 4 orders
- −$125.21
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$155.18
- Costs to cover
- 1.432%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 6 min ago; SunX: live order book, 5 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, 6 min ago | 1.27 bp | 6.9 bp −$7 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 46.07 bp | 64.9 bp −$65 | 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 | 118.64 | +0.117% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.61 | +0.093% | $2.1M | $693K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.51 | +0.008% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 118.55 | +0.042% | $735 | $3.5M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 118.42 | −0.068% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0008% | 8h | 118.33 | −0.145% | $3K | $216K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.61 | +0.093% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.55 | +0.042% | $437K | $506K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.245% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.29 | −0.177% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
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 | 118.46 | −0.034% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.46 | −0.034% | $11.9M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.48 | −0.017% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.30 | −0.169% | $240K | $405K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0068% | 1h | 118.50 | long leg | $1.2M | $4.2M | 10x | |
| Variational Omni BABA | +0.0072% | 8h | 118.34 | −0.132% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.41 | −0.076% | $617K | $486K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.52 | +0.017% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.50 | 0.000% | $44K | $358K | 10x | as long as short |
| Binance BABAUSDT | +0.0146% | 8h | 118.53 | +0.025% | $15.8M | $29.8M | 20x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.26 | −0.203% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0628% | 8h | 118.61 | +0.093% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
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