Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.013%
Price spread now: KuCoin against QFEX−0.043%7-day average −0.064% · 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−$131as in the Price arb table
costs, in and out, $10k−$1331.333% of the position
Funding, last 4 days (all we have)+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.043%, 7d avg −0.064%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.021% dearer against QFEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.92 | 0.0044 | pay 0.0005% / 1h | 33m 17s | $1.3M | $3.0M | 10x |
| Short | KuCoin BABAUSDTM | 116.87 | 0.0100 | get 0.0100% / 8h | 33m 17s | $607K | $383K | 20x |
QFEX BABA-USD
KuCoin BABAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $11.76
- Price spread: −0.043% → −0.064%
- $2.11
- Slippage, 4 orders
- −$111.29
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$119.42
- Costs to cover
- 1.333%
- Break-even
- 78.1 days
Slippage from QFEX: live order book, 5 min ago; KuCoin: live order book, 1 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, 5 min ago | 1.71 bp | 8.2 bp −$8 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 18.41 bp | 31.0 bp −$31 | doesn't fit | 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 | 116.92 | 0.000% | $68K | $37K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.91 | −0.009% | $2.1M | $718K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.97 | +0.043% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.97 | +0.043% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.96 | +0.034% | $909 | $3.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.88 | −0.034% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0017% | 8h | 116.74 | −0.154% | $2K | $189K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.96 | +0.034% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.93 | +0.009% | $435K | $503K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.924% | $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 | +0.0040% | 8h | 116.74 | −0.156% | $336K | $779K | — | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.71 | −0.180% | $70K | $140K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0044% | 1h | 116.92 | long leg | $1.3M | $3.0M | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.89 | −0.026% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.90 | −0.017% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.90 | −0.017% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.64 | −0.239% | $229K | $427K | 10x | as long as short |
| KuCoin BABAUSDTMshort | +0.0100% | 8h | 116.87 | −0.043% | $607K | $383K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.96 | +0.034% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.95 | +0.024% | $47K | $312K | 10x | as long as short |
| Binance BABAUSDT | +0.0105% | 8h | 117.00 | +0.067% | $15.2M | $32.3M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.69 | −0.197% | $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
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA