Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.124%
Price spread now: QFEX against Arcus+0.059%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Funding, last 4 days (all we have)−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.059%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.061% dearer against Arcus than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 4 days funding on this pair cost −0.212%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BABA-USD | 117.66 | 0.0040 | pay 0.0005% / 1h | 7m 01s | $71K | $110K | 10x |
| Short | QFEX BABA-USD | 117.73 | 0.0073 | get 0.0009% / 1h | 7m 01s | $1.2M | $3.2M | 10x |
Arcus BABA-USD
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Arcus. 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
- $6.81
- Price spread: +0.059% → −0.001%
- $6.06
- Slippage, 4 orders
- −$22.63
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$24.25
- Costs to cover
- 0.371%
- Break-even
- 31.9 days
Slippage from Arcus: live order book, 32 min ago; QFEX: live order book, 6 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 Arcus live order book, 32 min ago | 4.23 bp | 14.4 bp −$14 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.70 bp | 6.7 bp −$7 | 8.1 bp −$81 | 15.5 bp −$1,548 | 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 | 117.85 | +0.161% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.70 | +0.034% | $2.1M | $720K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.74 | +0.068% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.73 | +0.059% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.76 | +0.085% | $677 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.76 | +0.085% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.77 | +0.093% | $375K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.69 | +0.025% | $437K | $514K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.547% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDlong | +0.0040% | 1h | 117.66 | long leg | $71K | $110K | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.77 | +0.093% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.62 | −0.034% | $11.9M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.63 | −0.025% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.67 | +0.008% | $240K | $405K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0073% | 1h | 117.73 | +0.059% | $1.2M | $3.2M | 10x | |
| GRVT BABA_USDT_Perp | +0.0088% | 8h | 117.76 | +0.082% | $3K | $193K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.66 | 0.000% | $612K | $420K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.71 | +0.042% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0109% | 8h | 117.76 | +0.089% | $265K | $658K | — | as long as short |
| Binance BABAUSDT | +0.0174% | 8h | 117.71 | +0.042% | $15.5M | $31.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 117.71 | +0.040% | $44K | $355K | 10x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 117.69 | +0.025% | $66K | $90K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA