Funding you earn now, next payment 00:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h +0.016%
Price spread now: QFEX against Gate−0.009%7-day average −0.071% · 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−$38as in the Price arb table
costs, in and out, $10k−$450.445% of the position
Funding, last 3 days (all we have)−0.038%−$4 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now −0.009%, 7d avg −0.071%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.063% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BABA_USDT | 116.44 | 0 | get 0.0000% / 8h | 18m 39s | $1.4M | $1.7M | 50x |
| Short | QFEX BABA-USD | 116.43 | 0.0047 | get 0.0006% / 1h | 18m 39s | $1.2M | $5.2M | 10x |
Gate BABA_USDT
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Gate. 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
- $9.78
- Price spread: −0.009% → −0.071%
- $6.26
- Slippage, 4 orders
- −$19.51
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$28.47
- Costs to cover
- 0.445%
- Break-even
- 27.4 days
Slippage from Gate: live order book, 4 min ago; QFEX: live order book, 5 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 Gate live order book, 4 min ago | 4.30 bp | 15.7 bp −$16 | 90.6 bp −$906 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 2.15 bp | 7.1 bp −$7 | 8.0 bp −$80 | 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 | 116.32 | −0.105% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.43 | −0.009% | $2.2M | $601K | 25x | as long as short |
| Gate BABA_USDTlong | 0.0000% | 8h | 116.44 | long leg | $1.4M | $1.7M | 50x | |
| Bitget BABAUSDT | 0.0000% | 8h | 116.47 | +0.026% | $2.5M | $1.4M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.44 | 0.000% | $674 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.42 | −0.017% | $37K | $2K | 20x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.43 | −0.009% | $446K | $590K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.515% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.25 | −0.163% | — | $9K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0047% | 1h | 116.43 | −0.009% | $1.2M | $5.2M | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.27 | −0.146% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.33 | −0.094% | $242K | $354K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.31 | −0.112% | $603K | $582K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.39 | −0.043% | $2K | $1K | 10x | as long as short |
| Variational Omni BABA | +0.0101% | 8h | 116.32 | −0.104% | $301K | $620K | — | as long as short |
| GRVT BABA_USDT_Perp | +0.0109% | 8h | 116.30 | −0.117% | $2K | $246K | 10x | as long as short |
| Lighter BABA | +0.0112% | 1h | 116.54 | +0.086% | $385K | $50K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0139% | 1h | 116.34 | −0.086% | $12.1M | $3.1M | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0184% | 1h | 116.43 | −0.011% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0188% | 8h | 116.45 | +0.009% | $15.4M | $21.9M | 20x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.35 | −0.077% | $65K | $143K | 10x | as long as short |
| Arcus BABA-USD | +0.0394% | 1h | 116.42 | −0.017% | $77K | $97K | 10x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
GRVT BABA_USDT_Perp
Lighter BABA
tradeXYZ xyz:BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Arcus BABA-USD