Funding you earn now, next payment 06:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.048%
Price spread now: QFEX against Extended+0.069%7-day average +0.011% · 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−$33as in the Price arb table
costs, in and out, $10k−$390.388% of the position
Funding, last 4 days (all we have)−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.069%, 7d avg +0.011%
=Together, before fees−0.102%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.059% dearer against Extended than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.011%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 4 days (−0.051% in total) that is about 4.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BABA_24_5-USD | 118.36 | 0.0168 | pay 0.0021% / 1h | 48m 09s | $43K | $357K | 10x |
| Short | QFEX BABA-USD | 118.44 | 0.0073 | get 0.0009% / 1h | 48m 09s | $1.2M | $3.6M | 10x |
Extended BABA_24_5-USD
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Extended. 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
- −$20.01
- Price spread: +0.069% → +0.011%
- $5.87
- Slippage, 4 orders
- −$23.84
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$52.97
- Costs to cover
- 0.388%
- Break-even
- never at this rate
Slippage from Extended: live order book, 64 min ago; QFEX: 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 Extended live order book, 64 min ago | 2.96 bp | 12.3 bp −$12 | 146.5 bp −$1,465 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 2.11 bp | 7.1 bp −$7 | 10.0 bp −$100 | 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 | 118.30 | −0.049% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.38 | +0.019% | $2.1M | $710K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.38 | +0.019% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.40 | +0.035% | $935 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.36 | +0.002% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.42 | +0.052% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.37 | +0.010% | $438K | $509K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.127% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.25 | −0.091% | $72K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.36 | +0.002% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USD
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.24 | −0.100% | $12.0M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.31 | −0.041% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.11 | −0.210% | $239K | $401K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0066% | 8h | 118.28 | −0.069% | $3K | $194K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0073% | 1h | 118.44 | +0.069% | $1.2M | $3.6M | 10x | |
| Variational Omni BABA | +0.0095% | 8h | 118.29 | −0.054% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.23 | −0.108% | $616K | $442K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.37 | +0.010% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USDlong | +0.0168% | 1h | 118.36 | long leg | $43K | $357K | 10x | |
| Binance BABAUSDT | +0.0171% | 8h | 118.39 | +0.027% | $15.7M | $31.0M | 20x | as long as short |
| Bitget BABAUSDT | +0.0172% | 8h | 118.39 | +0.027% | $2.4M | $1.7M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 118.46 | +0.086% | $66K | $90K | 10x | as long as short |
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Bitget BABAUSDT
Phoenix BABA