Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.017%
Price spread now: SunX against QFEX−0.009%7-day average +0.017% · 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−$146as in the Price arb table
costs, in and out, $10k−$1441.438% of the position
Funding, last 3 days (all we have)−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.009%, 7d avg +0.017%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.025% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.41 | 0.0072 | pay 0.0009% / 1h | 48m 13s | $1.2M | $5.2M | 10x |
| Short | SunX BABA-USDT | 116.40 | 0 | get 0.0000% / 8h | 7h 48m | $888 | $4.1M | 20x |
QFEX BABA-USD
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$15.12
- Price spread: −0.009% → +0.017%
- −$2.51
- Slippage, 4 orders
- −$125.77
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$161.4
- Costs to cover
- 1.438%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; SunX: live order book, 10 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 | 1.72 bp | 7.4 bp −$7 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell SunX live order book, 10 min ago | 45.90 bp | 64.9 bp −$65 | 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 | 116.38 | −0.025% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.37 | −0.034% | $2.2M | $583K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.39 | −0.017% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.40 | −0.009% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 116.40 | −0.009% | $888 | $4.1M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 116.49 | +0.069% | $37K | $2K | 20x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.35 | −0.052% | $444K | $479K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.490% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.33 | −0.069% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.30 | −0.094% | $12.1M | $3.0M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERP
tradeXYZ xyz:BABAShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.33 | −0.069% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.31 | −0.086% | $243K | $339K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0072% | 1h | 116.41 | long leg | $1.2M | $5.2M | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.33 | −0.069% | $603K | $561K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.40 | −0.009% | $2K | $798 | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0135% | 8h | 116.44 | +0.027% | $2K | $245K | 10x | as long as short |
| Variational Omni BABA | +0.0145% | 8h | 116.42 | +0.010% | $301K | $619K | — | as long as short |
| Lighter BABA | +0.0176% | 1h | 116.49 | +0.069% | $385K | $49K | 10x | as long as short |
| Binance BABAUSDT | +0.0214% | 8h | 116.40 | −0.007% | $15.4M | $21.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0216% | 1h | 116.36 | −0.040% | $43K | $405K | 10x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.32 | −0.077% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.39 | −0.017% | $75K | $101K | 10x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
GRVT BABA_USDT_Perp
Variational Omni BABA
Lighter BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Arcus BABA-USD