Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.055%
Price spread now: QFEX against Binance−0.043%7-day average −0.056% · 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−$30as in the Price arb table
costs, in and out, $10k−$310.314% of the position
Funding, last 4 days (all we have)−0.046%−$5 on $10k
+Price spread, last 7 days−0.015%−$2 · spread now −0.043%, 7d avg −0.056%
=The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BABAUSDT | 117.04 | 0.0113 | pay 0.0113% / 8h | 1h 14m | $15.1M | $32.6M | 20x |
| Short | QFEX BABA-USD | 116.99 | 0.0063 | get 0.0008% / 1h | 14m 31s | $1.2M | $3.1M | 10x |
Binance BABAUSDT
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Binance. 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
- −$10.49
- Price spread: −0.043% → −0.056%
- $1.33
- Slippage, 4 orders
- −$11.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$40.52
- Costs to cover
- 0.314%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; QFEX: live order book, 4 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 Binance live order book, 12 min ago | 0.86 bp | 7.9 bp −$8 | 17.3 bp −$173 | 89.6 bp −$8,956 | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.14 bp | 7.1 bp −$7 | 9.1 bp −$91 | 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 | 117.08 | +0.038% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.03 | −0.009% | $2.1M | $732K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.03 | −0.009% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.04 | 0.000% | $2.4M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.08 | +0.034% | $551 | $3.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.09 | +0.043% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0020% | 8h | 116.99 | −0.043% | $2K | $194K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.03 | −0.009% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.94 | −0.085% | $434K | $512K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.025% | $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 | +0.0035% | 8h | 116.96 | −0.064% | $364K | $753K | — | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.95 | −0.077% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.94 | −0.085% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.92 | −0.103% | $11.8M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.93 | −0.094% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.86 | −0.154% | $224K | $425K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0063% | 1h | 116.99 | −0.043% | $1.2M | $3.1M | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.91 | −0.111% | $609K | $383K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.97 | −0.060% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0112% | 1h | 117.01 | −0.029% | $44K | $308K | 10x | as long as short |
| Binance BABAUSDTlong | +0.0113% | 8h | 117.04 | long leg | $15.1M | $32.6M | 20x | |
| Phoenix BABA | +0.0204% | 1h | 116.92 | −0.103% | $65K | $89K | 10x | as long as short |
Variational Omni BABA
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Phoenix BABA