Funding you earn now, next payment 07:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: QFEX against Polymarket Perps+0.077%7-day average +0.055% · 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−$27as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 4 days (all we have)−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.077%, 7d avg +0.055%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.022% dearer against Polymarket Perps than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BABA-USD | 116.78 | 0.0050 | pay 0.0006% / 1h | 58m 08s | $8K | $285K | 10x |
| Short | QFEX BABA-USD | 116.87 | 0.0044 | get 0.0005% / 1h | 58m 08s | $1.3M | $3.0M | 10x |
Polymarket Perps BABA-USD
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Polymarket Perps. 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
- −$1.26
- Price spread: +0.077% → +0.055%
- $2.24
- Slippage, 4 orders
- −$11.11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$28.13
- Costs to cover
- 0.291%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 44 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 Polymarket Perps live order book, 44 min ago | 0.43 bp | 6.1 bp −$6 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.71 bp | 8.2 bp −$8 | 12.3 bp −$123 | 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 | 116.89 | +0.091% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.87 | +0.077% | $2.1M | $731K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.90 | +0.103% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.94 | +0.137% | $2.3M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.87 | +0.077% | $707 | $3.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.96 | +0.154% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0013% | 8h | 116.96 | +0.154% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.98 | +0.171% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.87 | +0.077% | $434K | $501K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.805% | $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 | +0.0037% | 8h | 116.92 | +0.119% | $365K | $747K | — | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.85 | +0.060% | $71K | $110K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0044% | 1h | 116.87 | +0.077% | $1.3M | $3.0M | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.88 | +0.086% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.80 | +0.017% | $11.7M | $4.5M | 10x | as long as short |
| Polymarket Perps BABA-USDlong | +0.0050% | 1h | 116.78 | long leg | $8K | $285K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.73 | −0.043% | $229K | $427K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.80 | +0.017% | $608K | $382K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.86 | +0.069% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0103% | 8h | 116.89 | +0.097% | $15.1M | $32.5M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.86 | +0.066% | $44K | $293K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 116.93 | +0.128% | $65K | $89K | 10x | as long as short |
Variational Omni BABA
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA