BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0161%/8h= +17.7% APRnext payment +$0.20 per $10,000 · paid last 24h +0.057%

Price spread now: Phoenix against QFEX−0.060%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.060% cheaper against QFEX than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 30 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BABA-USD	117.13	0.0044	pay 0.0005% / 1h	5m 21s	$1.2M	$2.9M	10x
Short	Phoenix BABA	117.06	0.0205	get 0.0026% / 1h	5m 21s	$66K	$89K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee PhoenixbpOrdersPrice spread, now −0.060%Rate

Funding earned: $33.9
Price spread: −0.060% → 0.000%: −$5.98
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $10.92
Costs to cover: 0.170%
Break-even: 4.7 days

Slippage unknown: QFEX: live order book, 3 min ago; Phoenix: no order-book sample. Net counts fees only.

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, 3 min ago	1.28 bp	7.2 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	117.02	−0.096%	$68K	$41K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.15	+0.017%	$2.1M	$716K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.17	+0.034%	$1.5M	$2.1M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.15	+0.017%	$2.3M	$1.9M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.15	+0.017%	$720	$3.0M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.19	+0.051%	$30K	$19K	20x	as long as short
Lighter BABA	+0.0032%	1h	117.16	+0.026%	$373K	$72K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	117.10	−0.026%	$435K	$504K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.101%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	117.05	−0.068%	$70K	$140K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BABA-USDlong	+0.0044%	1h	117.13	long leg	$1.2M	$2.9M	10x
Vest BABA-USD-PERP	+0.0046%	1h	117.05	−0.068%	—	$19K	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	117.08	−0.043%	$8K	$286K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.00	−0.111%	$231K	$427K	10x	as long as short
GRVT BABA_USDT_Perp	+0.0054%	8h	117.19	+0.051%	$3K	$188K	10x	as long as short
tradeXYZ xyz:BABA	+0.0079%	1h	117.04	−0.077%	$11.8M	$4.4M	10x	as long as short
Variational Omni BABA	+0.0086%	8h	117.17	+0.033%	$338K	$779K	—	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.01	−0.102%	$608K	$391K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.18	+0.043%	$2K	$798	10x	as long as short
Extended BABA_24_5-USD	+0.0144%	1h	117.13	+0.001%	$47K	$307K	10x	as long as short
Binance BABAUSDT	+0.0147%	8h	117.15	+0.017%	$15.3M	$32.1M	20x	as long as short
Phoenix BABAshort	+0.0205%	1h	117.06	−0.060%	$66K	$89K	10x