Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%
Price spread now: Polymarket Perps against QFEX−0.042%54s7-day average −0.054% · 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—prices read too far apart to compare
costs, in and out, $10k−$300.296% of the position
Funding, last 4 days (all we have)+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.042%, 7d avg −0.054%
=The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.074%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 118.33 | 0.0068 | pay 0.0009% / 1h | 12m 39s | $1.2M | $4.1M | 10x |
| Short | Polymarket Perps BABA-USD | 118.28 | 0.0050 | get 0.0006% / 1h | 12m 39s | $9K | $266K | 10x |
QFEX BABA-USD
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$3.81
- Price spread: −0.042% → −0.054%
- $1.21
- Slippage, 4 orders
- −$11.63
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$32.24
- Costs to cover
- 0.296%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 6 min ago; Polymarket Perps: live order book, 44 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, 6 min ago | 2.11 bp | 7.4 bp −$7 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 44 min ago | 2.51 bp | 6.9 bp −$7 | 7.3 bp −$73 | 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 | 118.39 | +0.049% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.32 | −0.008% | $2.1M | $698K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.33 | 0.000% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.37 | +0.034% | $967 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.43 | +0.085% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0020% | 8h | 118.44 | +0.093% | $3K | $216K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.39 | +0.051% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.24 | −0.076% | $436K | $506K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.104% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.34 | +0.008% | $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 | 118.39 | +0.051% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.22 | −0.093% | $11.9M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 118.28 | −0.042% | $9K | $266K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.19 | −0.118% | $240K | $407K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0068% | 1h | 118.33 | long leg | $1.2M | $4.1M | 10x | |
| Variational Omni BABA | +0.0074% | 8h | 118.39 | +0.054% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.26 | −0.059% | $616K | $480K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.32 | −0.008% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0143% | 8h | 118.33 | 0.000% | $15.7M | $30.3M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.32 | −0.011% | $44K | $358K | 10x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.39 | +0.051% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0547% | 8h | 118.32 | −0.008% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT