Funding you earn now, next payment 03:00 UTC+0.0880%/8h= +96.3% APRpaid last 24h +0.002%
Price spread now: Bitget against QFEX−0.126%7-day average +0.073% · 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−$61as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 4 days (all we have)−0.003%$0 on $10k
+Price spread, last 7 days+0.168%+$17 · spread now −0.126%, 7d avg +0.073%
=Funding pays, the price is against you. Bitget is 0.199% cheaper against QFEX than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of +0.073%). If the spread goes back, that is −$20 on $10k: about 18 hours of funding at the current rate (+$26 a day).
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.003% in total (about -0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 119.28 | 0.0061 | pay 0.0008% / 1h | 6m 05s | $1.2M | $4.5M | 10x |
| Short | Bitget BABAUSDT | 119.13 | 0.0941 | get 0.0941% / 8h | 5h 06m | $2.5M | $1.7M | 20x |
QFEX BABA-USD
Bitget BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $184.77
- Price spread: −0.126% → +0.073%
- −$19.9
- Slippage, 4 orders
- −$18.9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $123.97
- Costs to cover
- 0.409%
- Break-even
- 2.3 days
Slippage from QFEX: live order book, 7 min ago; Bitget: live order book, 1 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, 7 min ago | 2.10 bp | 7.1 bp −$7 | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.93 bp | 14.4 bp −$14 | doesn't fit | 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 | 119.18 | −0.087% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.24 | −0.034% | $2.2M | $646K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.24 | −0.034% | $1.5M | $1.8M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.46 | +0.151% | $3K | $217K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.27 | −0.008% | $988 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.51 | +0.193% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.18 | −0.084% | $379K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.11 | −0.143% | $429K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.884% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.30 | +0.017% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.30 | +0.017% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.06 | −0.184% | $12.0M | $4.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.20 | −0.067% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.20 | −0.067% | $240K | $401K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0061% | 1h | 119.28 | long leg | $1.2M | $4.5M | 10x | |
| Variational Omni BABA | +0.0081% | 8h | 119.21 | −0.061% | $268K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.15 | −0.109% | $620K | $503K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.23 | −0.042% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 119.19 | −0.076% | $44K | $363K | 10x | as long as short |
| Binance BABAUSDT | +0.0146% | 8h | 119.21 | −0.061% | $15.8M | $29.3M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 119.30 | +0.017% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDTshort | +0.0941% | 8h | 119.13 | −0.126% | $2.5M | $1.7M | 20x |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA