Funding you earn now, next payment 04:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.055%
Price spread now: Binance against QFEX+0.008%7-day average +0.057% · 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−$290.285% of the position
Funding, last 4 days (all we have)+0.049%+$5 on $10k
+Price spread, last 7 days+0.045%+$4 · spread now +0.008%, 7d avg +0.057%
=Funding pays, the price is against you. Binance is 0.048% cheaper against QFEX than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.057%). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 118.67 | 0.0068 | pay 0.0009% / 1h | 38m 36s | $1.2M | $4.3M | 10x |
| Short | Binance BABAUSDT | 118.68 | 0.0142 | get 0.0142% / 8h | 4h 38m | $15.7M | $30.1M | 20x |
QFEX BABA-USD
Binance BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- $15.51
- Price spread: +0.008% → +0.057%
- −$4.84
- Slippage, 4 orders
- −$8.53
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$17.87
- Costs to cover
- 0.285%
- Break-even
- 15.1 days
Slippage from QFEX: live order book, 10 min ago; Binance: live order book, 3 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 QFEX live order book, 10 min ago | 1.26 bp | 6.6 bp −$7 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.26 bp | 8.1 bp −$8 | 20.2 bp −$202 | 54.4 bp −$5,443 | 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 | 118.74 | +0.061% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.74 | +0.059% | $2.2M | $647K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.64 | −0.025% | $1.5M | $1.9M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.64 | −0.023% | $3K | $216K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.66 | −0.008% | $806 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.73 | +0.051% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.62 | −0.042% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.56 | −0.093% | $427K | $495K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.385% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.58 | −0.076% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
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 | 118.62 | −0.042% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.54 | −0.110% | $12.0M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.62 | −0.042% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.41 | −0.219% | $241K | $404K | 10x | as long as short |
| Variational Omni BABA | +0.0060% | 8h | 118.65 | −0.018% | $267K | $658K | — | as long as short |
| QFEX BABA-USDlong | +0.0068% | 1h | 118.67 | long leg | $1.2M | $4.3M | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.54 | −0.110% | $617K | $493K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.66 | −0.008% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 118.64 | −0.024% | $43K | $360K | 10x | as long as short |
| Binance BABAUSDTshort | +0.0142% | 8h | 118.68 | +0.008% | $15.7M | $30.1M | 20x | |
| Phoenix BABA | +0.0201% | 1h | 118.49 | −0.152% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0856% | 8h | 118.68 | +0.008% | $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
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT