BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: QFEX against Vest+0.043%7-day average — · you sell dearer than you buy

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

Long on Vest Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. QFEX is 0.043% dearer against Vest than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BABA-USD-PERP	117.26	0.0046	pay 0.0006% / 1h	35m 58s	—	$18K	10x
Short	QFEX BABA-USD	117.31	0.0035	get 0.0004% / 1h	35m 58s	$1.2M	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Vest. 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 VestbpFee QFEXbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$2.34
Price spread: +0.043% → 0.000%: $4.26
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$10.07
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; QFEX: live order book, 8 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell QFEX live order book, 8 min ago	1.71 bp	7.9 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit

Vest: 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	117.23	−0.023%	$77K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.33	+0.060%	$2.2M	$584K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.28	+0.017%	$1.4M	$1.5M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.30	+0.034%	$2.5M	$1.3M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.36	+0.085%	$1K	$4.0M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.33	+0.060%	$37K	$2K	20x	as long as short
Lighter BABA	+0.0032%	1h	117.38	+0.102%	$387K	$44K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	117.24	−0.017%	$424K	$497K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.211%	$11K	$26K	12x	as long as short
QFEX BABA-USDshort	+0.0035%	1h	117.31	+0.043%	$1.2M	$4.6M	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BABA-USD	+0.0040%	1h	117.22	−0.034%	$74K	$101K	10x	as long as short
Vest BABA-USD-PERPlong	+0.0046%	1h	117.26	long leg	—	$18K	10x
tradeXYZ xyz:BABA	+0.0050%	1h	117.18	−0.068%	$12.2M	$3.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	117.22	−0.034%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.13	−0.111%	$241K	$370K	10x	as long as short
GRVT BABA_USDT_Perp	+0.0061%	8h	117.26	+0.001%	$3K	$229K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.25	−0.009%	$610K	$533K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.28	+0.017%	$1K	$1K	10x	as long as short
Variational Omni BABA	+0.0164%	8h	117.28	+0.019%	$272K	$650K	—	as long as short
Phoenix BABA	+0.0205%	1h	117.33	+0.060%	$66K	$71K	10x	as long as short
Binance BABAUSDT	+0.0214%	8h	117.29	+0.026%	$15.6M	$23.2M	20x	as long as short
Extended BABA_24_5-USD	+0.0216%	1h	117.26	+0.001%	$43K	$366K	10x	as long as short