Funding you earn now, next payment 02:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.018%
Price spread now: Aster against QFEX−0.048%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.048% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 117.05 | 0.0035 | pay 0.0004% / 1h | 41m 33s | $1.2M | $4.7M | 10x |
| Short | Aster BABAUSDT | 116.99 | 0 | get 0.0000% / 8h | 6h 41m | $77K | $27K | 20x |
QFEX BABA-USD
Aster BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$7.26
- Price spread: −0.048% → 0.000%
- −$4.8
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$30.06
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 7 min ago; Aster: no order-book sample. Net counts fees only.
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, 7 min ago | 2.14 bp | 7.5 bp −$7 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 BABAUSDTshort | 0.0000% | 8h | 116.99 | −0.048% | $77K | $27K | 20x | |
| Bybit BABAUSDT | 0.0000% | 8h | 117.17 | +0.103% | $2.2M | $599K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.08 | +0.026% | $1.4M | $1.5M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.08 | +0.026% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.07 | +0.017% | $725 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.01 | −0.034% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.17 | +0.103% | $386K | $44K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.03 | −0.017% | $423K | $495K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.034% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USDlong | +0.0035% | 1h | 117.05 | long leg | $1.2M | $4.7M | 10x |
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 116.96 | −0.077% | $74K | $101K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.10 | +0.043% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.15 | +0.085% | $12.2M | $3.5M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.99 | −0.051% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.96 | −0.077% | $238K | $368K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0053% | 8h | 116.92 | −0.110% | $3K | $230K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.95 | −0.085% | $609K | $531K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.12 | +0.060% | $1K | $1K | 10x | as long as short |
| Variational Omni BABA | +0.0156% | 8h | 116.90 | −0.131% | $302K | $619K | — | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.06 | +0.009% | $66K | $71K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0208% | 1h | 117.05 | +0.001% | $43K | $370K | 10x | as long as short |
| Binance BABAUSDT | +0.0210% | 8h | 117.09 | +0.034% | $15.4M | $23.2M | 20x | as long as short |
Arcus BABA-USD
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
Phoenix BABA
Extended BABA_24_5-USD
Binance BABAUSDT