Funding you earn now, next payment 05:00 UTC−0.0044%/8h= −4.9% APRpaid last 24h −0.013%
Price spread now: QFEX against KuCoin+0.152%7-day average +0.064% · 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−$120as in the Price arb table
costs, in and out, $10k−$1281.283% of the position
Funding, last 4 days (all we have)−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.152%, 7d avg +0.064%
=The price spread pays, funding is against you. QFEX is 0.088% dearer against KuCoin than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of +0.064%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BABAUSDTM | 118.17 | 0.0100 | pay 0.0100% / 8h | 3h 39m | $615K | $459K | 20x |
| Short | QFEX BABA-USD | 118.35 | 0.0056 | get 0.0007% / 1h | 39m 39s | $1.2M | $3.9M | 10x |
KuCoin BABAUSDTM
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against KuCoin. 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
- −$9.31
- Price spread: +0.152% → +0.064%
- $8.79
- Slippage, 4 orders
- −$106.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$128.86
- Costs to cover
- 1.283%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 34 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 KuCoin live order book, 34 min ago | 19.45 bp | 72.3 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 1.69 bp | 6.7 bp −$7 | 9.6 bp −$96 | 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 | 118.27 | +0.087% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.30 | +0.110% | $2.1M | $704K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.37 | +0.169% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.43 | +0.220% | $789 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.49 | +0.271% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0017% | 8h | 118.42 | +0.212% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.41 | +0.203% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.34 | +0.144% | $438K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.972% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.34 | +0.144% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.44 | +0.228% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.26 | +0.076% | $12.0M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.34 | +0.144% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.26 | +0.076% | $238K | $406K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0056% | 1h | 118.35 | +0.152% | $1.2M | $3.9M | 10x | |
| Variational Omni BABA | +0.0062% | 8h | 118.42 | +0.211% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTMlong | +0.0100% | 8h | 118.17 | long leg | $615K | $459K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.43 | +0.220% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0142% | 8h | 118.36 | +0.161% | $15.7M | $30.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.32 | +0.124% | $43K | $358K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.40 | +0.195% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0331% | 8h | 118.36 | +0.161% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT