Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.123%
Price spread now: Arcus against QFEX−0.086%7-day average 0.000% · 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−$48as in the Price arb table
costs, in and out, $10k−$400.396% of the position
Funding, last 4 days (all we have)+0.211%+$21 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.086%, 7d avg 0.000%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.086% cheaper against QFEX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.72 | 0.0044 | pay 0.0005% / 1h | 35m 16s | $1.3M | $3.0M | 10x |
| Short | Arcus BABA-USD | 116.62 | 0.0040 | get 0.0005% / 1h | 35m 16s | $70K | $140K | 10x |
QFEX BABA-USD
Arcus BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against QFEX. 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
- −$0.78
- Price spread: −0.086% → 0.000%
- −$8.58
- Slippage, 4 orders
- −$25.07
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$48.93
- Costs to cover
- 0.396%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Arcus: live order book, 59 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 QFEX live order book, 3 min ago | 1.71 bp | 8.2 bp −$8 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 59 min ago | 5.56 bp | 10.1 bp −$10 | 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 | 116.66 | −0.049% | $68K | $37K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.78 | +0.051% | $2.1M | $718K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.75 | +0.026% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.74 | +0.017% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.74 | +0.017% | $887 | $3.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.88 | +0.137% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0013% | 8h | 116.71 | −0.009% | $2K | $190K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.78 | +0.051% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.71 | −0.009% | $434K | $503K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.754% | $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 | +0.015% | $336K | $779K | — | as long as short |
| Arcus BABA-USDshort | +0.0040% | 1h | 116.62 | −0.086% | $70K | $140K | 10x | |
| QFEX BABA-USDlong | +0.0044% | 1h | 116.72 | long leg | $1.3M | $3.0M | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.66 | −0.051% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.64 | −0.069% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.64 | −0.069% | $229K | $427K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0055% | 1h | 116.64 | −0.069% | $11.7M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.64 | −0.069% | $606K | $382K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.72 | 0.000% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.71 | −0.010% | $47K | $312K | 10x | as long as short |
| Binance BABAUSDT | +0.0105% | 8h | 116.74 | +0.017% | $15.1M | $32.3M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.69 | −0.026% | $65K | $89K | 10x | as long as short |
Variational Omni BABA
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA