Funding you earn now, next payment 11:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h +0.004%
Price spread now: QFEX against Vest−0.101%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 QFEX is 0.101% cheaper against Vest than usual: you would sell low and buy high (−$10 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 | Vest BABA-USD-PERP | 119.31 | 0.0046 | pay 0.0006% / 1h | 8m 46s | — | $19K | 10x |
| Short | QFEX BABA-USD | 119.19 | 0.0029 | get 0.0004% / 1h | 8m 46s | $1.2M | $2.8M | 10x |
Vest BABA-USD-PERP
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Vest. 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
- −$3.56
- Price spread: −0.101% → 0.000%
- −$10.06
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$25.62
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; QFEX: live order book, 2 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 2 min ago | 2.10 bp | 7.6 bp −$8 | 11.7 bp −$117 | doesn't fit | doesn't fit |
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 exchanges
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 | 119.31 | +0.003% | $70K | $40K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.27 | −0.034% | $2.1M | $735K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.25 | −0.050% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.22 | −0.075% | $2.3M | $2.2M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.26 | −0.042% | $3K | $184K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.19 | −0.101% | $1K | $2.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.26 | −0.042% | $30K | $19K | 20x | as long as short |
| QFEX BABA-USDshort | +0.0029% | 1h | 119.19 | −0.101% | $1.2M | $2.8M | 10x | |
| Lighter BABA | +0.0032% | 1h | 119.33 | +0.017% | $383K | $74K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.25 | −0.050% | $434K | $509K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABAShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.908% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.13 | −0.151% | $71K | $104K | 10x | as long as short |
| Vest BABA-USD-PERPlong | +0.0046% | 1h | 119.31 | long leg | — | $19K | 10x | |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.20 | −0.092% | $12.0M | $4.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.14 | −0.142% | $9K | $167K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.20 | −0.092% | $181K | $477K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.16 | −0.126% | $621K | $558K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.19 | −0.101% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0104% | 8h | 119.20 | −0.088% | $364K | $642K | — | as long as short |
| Binance BABAUSDT | +0.0132% | 8h | 119.26 | −0.046% | $15.0M | $34.3M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 119.21 | −0.086% | $25K | $329K | 10x | as long as short |
| Phoenix BABA | +0.0267% | 1h | 119.29 | −0.017% | $67K | $109K | 10x | as long as short |
Injective BABA/USDC PERP
Arcus BABA-USD
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