Funding you earn now, next payment 01:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.003%
Price spread now: Vest against QFEX−0.043%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Vest is 0.043% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.43 | 0.0072 | pay 0.0009% / 1h | 32m 19s | $1.2M | $5.1M | 10x |
| Short | Vest BABA-USD-PERP | 116.38 | 0.0046 | get 0.0006% / 1h | 32m 19s | — | $9K | 10x |
QFEX BABA-USD
Vest BABA-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$5.53
- Price spread: −0.043% → 0.000%
- −$4.29
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$21.82
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 6 min ago; Vest: 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, 6 min ago | 2.15 bp | 7.1 bp −$7 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | 116.43 | +0.004% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.47 | +0.034% | $2.2M | $584K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.42 | −0.009% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.40 | −0.026% | $2.5M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.38 | −0.044% | $3K | $235K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.39 | −0.034% | $679 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.40 | −0.026% | $37K | $2K | 20x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.33 | −0.086% | $444K | $482K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.507% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERPshort | +0.0046% | 1h | 116.38 | −0.043% | — | $9K | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BABA | +0.0048% | 1h | 116.53 | +0.086% | $385K | $50K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.36 | −0.060% | $12.1M | $2.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.34 | −0.077% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.30 | −0.112% | $239K | $342K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0072% | 1h | 116.43 | long leg | $1.2M | $5.1M | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.38 | −0.043% | $603K | $549K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.44 | +0.009% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0146% | 8h | 116.39 | −0.033% | $301K | $619K | — | as long as short |
| Binance BABAUSDT | +0.0204% | 8h | 116.45 | +0.017% | $15.4M | $21.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0208% | 1h | 116.43 | −0.003% | $42K | $510K | 10x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.39 | −0.034% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.36 | −0.060% | $75K | $100K | 10x | as long as short |
Lighter BABA
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Arcus BABA-USD