Funding you earn now, next payment 07:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h +0.003%
Price spread now: tradeXYZ against QFEX−0.060%7-day average −0.049% · 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−$39as in the Price arb table
costs, in and out, $10k−$380.383% of the position
Funding, last 4 days (all we have)+0.032%+$3 on $10k
+Price spread, last 7 days+0.074%+$7 · spread now −0.060%, 7d avg −0.049%
=Together, before fees+0.106%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.87 | 0.0044 | pay 0.0005% / 1h | 58m 32s | $1.3M | $3.0M | 10x |
| Short | tradeXYZ xyz:BABA | 116.80 | 0.0050 | get 0.0006% / 1h | 58m 32s | $11.7M | $4.5M | 10x |
QFEX BABA-USD
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $1.26
- Price spread: −0.060% → −0.049%
- −$1.1
- Slippage, 4 orders
- −$10.31
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$38.15
- Costs to cover
- 0.383%
- Break-even
- 219.0 days
Slippage from QFEX: live order book, 5 min ago; tradeXYZ: live order book, 10 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, 5 min ago | 1.71 bp | 7.0 bp −$7 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 1.28 bp | 12.1 bp −$12 | 19.5 bp −$195 | 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 | 116.90 | +0.029% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.88 | +0.009% | $2.1M | $731K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.90 | +0.026% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.94 | +0.060% | $2.3M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.87 | 0.000% | $676 | $3.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.96 | +0.077% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0013% | 8h | 116.96 | +0.077% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.98 | +0.094% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.88 | +0.009% | $434K | $501K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.881% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BABA | +0.0037% | 8h | 116.92 | +0.042% | $365K | $747K | — | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.85 | −0.017% | $71K | $110K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0044% | 1h | 116.87 | long leg | $1.3M | $3.0M | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.88 | +0.009% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 116.80 | −0.060% | $11.7M | $4.5M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.78 | −0.077% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.73 | −0.120% | $229K | $427K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.85 | −0.017% | $608K | $382K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.86 | −0.009% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0103% | 8h | 116.89 | +0.017% | $15.1M | $32.5M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.86 | −0.011% | $44K | $293K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 116.93 | +0.051% | $65K | $89K | 10x | as long as short |
Variational Omni BABA
Arcus BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA