Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.013%
Price spread now: QFEX against KuCoin+0.043%7-day average +0.064% · 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−$183as in the Price arb table
costs, in and out, $10k−$1811.813% of the position
Funding, last 4 days (all we have)−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.043%, 7d avg +0.064%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BABAUSDTM | 116.85 | 0.0100 | pay 0.0100% / 8h | 34m 28s | $608K | $382K | 20x |
| Short | QFEX BABA-USD | 116.90 | 0.0044 | get 0.0005% / 1h | 34m 28s | $1.3M | $3.0M | 10x |
KuCoin BABAUSDTM
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against KuCoin. 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
- −$11.76
- Price spread: +0.043% → +0.064%
- −$2.11
- Slippage, 4 orders
- −$159.33
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$195.2
- Costs to cover
- 1.813%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 70 min ago; QFEX: live order book, 3 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 KuCoin live order book, 70 min ago | 22.22 bp | 97.3 bp −$97 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 1.71 bp | 7.9 bp −$8 | 12.4 bp −$124 | 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 | 116.87 | +0.015% | $68K | $37K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.87 | +0.017% | $2.1M | $718K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.93 | +0.068% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.84 | −0.009% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.74 | −0.094% | $887 | $3.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.88 | +0.026% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0013% | 8h | 116.71 | −0.120% | $2K | $190K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.78 | −0.060% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.76 | −0.077% | $434K | $503K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.864% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BABA | +0.0040% | 8h | 116.74 | −0.097% | $336K | $779K | — | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.64 | −0.180% | $70K | $140K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0044% | 1h | 116.90 | +0.043% | $1.3M | $3.0M | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.82 | −0.026% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.86 | +0.009% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.64 | −0.180% | $229K | $427K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0051% | 1h | 116.84 | −0.009% | $11.7M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTMlong | +0.0100% | 8h | 116.85 | long leg | $608K | $382K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.93 | +0.068% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.77 | −0.067% | $47K | $312K | 10x | as long as short |
| Binance BABAUSDT | +0.0104% | 8h | 116.95 | +0.086% | $15.2M | $32.3M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.69 | −0.137% | $65K | $89K | 10x | as long as short |
Variational Omni BABA
Arcus BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA