BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h −0.048%

Price spread now: QFEX against Extended+0.028%7-day average +0.011% · 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−$35as in the Price arb table

costs, in and out, $10k−$370.370% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.051%−$5 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.028%, 7d avg +0.011%

Together, before fees−0.061%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BABA_24_5-USD	117.66	0.0176	pay 0.0022% / 1h	5m 59s	$44K	$355K	10x
Short	QFEX BABA-USD	117.69	0.0073	get 0.0009% / 1h	5m 59s	$1.2M	$3.2M	10x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee ExtendedbpFee QFEXbpOrdersPrice spread, now +0.028%Rate

Slippage from Extended: live order book, 41 min ago; QFEX: live order book, 7 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 41 min ago	1.69 bp	12.4 bp −$12	133.4 bp −$1,334	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.70 bp	6.7 bp −$7	8.1 bp −$81	15.5 bp −$1,548	doesn't fit

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	117.86	+0.172%	$69K	$36K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.68	+0.020%	$2.1M	$720K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.71	+0.045%	$1.5M	$2.0M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.71	+0.045%	$2.4M	$1.8M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.69	+0.028%	$824	$3.3M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.76	+0.088%	$30K	$18K	20x	as long as short
Lighter BABA	+0.0032%	1h	117.75	+0.079%	$375K	$73K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	117.66	+0.003%	$436K	$514K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.544%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	117.66	+0.003%	$71K	$110K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERP	+0.0046%	1h	117.71	+0.045%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	117.64	−0.014%	$11.9M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	117.63	−0.023%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.57	−0.074%	$238K	$405K	10x	as long as short
QFEX BABA-USDshort	+0.0073%	1h	117.69	+0.028%	$1.2M	$3.2M	10x
GRVT BABA_USDT_Perp	+0.0088%	8h	117.76	+0.085%	$3K	$193K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.63	−0.023%	$612K	$420K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.68	+0.020%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0109%	8h	117.76	+0.091%	$265K	$658K	—	as long as short
Binance BABAUSDT	+0.0174%	8h	117.69	+0.028%	$15.5M	$31.6M	20x	as long as short
Extended BABA_24_5-USDlong	+0.0176%	1h	117.66	long leg	$44K	$355K	10x
Phoenix BABA	+0.0271%	1h	117.69	+0.028%	$66K	$90K	10x	as long as short