Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.017%
Price spread now: Bybit against QFEX+0.009%7-day average +0.067% · 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−$50as in the Price arb table
costs, in and out, $10k−$440.445% of the position
Funding, last 3 days (all we have)−0.021%−$2 on $10k
+Price spread, last 7 days+0.090%+$9 · spread now +0.009%, 7d avg +0.067%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.059% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.46 | 0.0072 | pay 0.0009% / 1h | 25m 35s | $1.2M | $5.1M | 10x |
| Short | Bybit BABAUSDT | 116.47 | 0 | get 0.0000% / 8h | 7h 25m | $2.2M | $582K | 25x |
QFEX BABA-USD
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$15.12
- Price spread: +0.009% → +0.067%
- −$5.87
- Slippage, 4 orders
- −$23.45
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$65.44
- Costs to cover
- 0.445%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Bybit: 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, 3 min ago | 1.72 bp | 6.7 bp −$7 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.43 bp | 19.6 bp −$20 | 102.6 bp −$1,026 | 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 | 116.45 | −0.009% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 116.47 | +0.009% | $2.2M | $582K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 116.48 | +0.017% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.41 | −0.043% | $2.5M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.42 | −0.036% | $3K | $235K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.44 | −0.017% | $646 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.53 | +0.060% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.57 | +0.094% | $385K | $50K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.45 | −0.009% | $440K | $491K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.532% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
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 | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.43 | −0.026% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.43 | −0.026% | $12.1M | $2.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.37 | −0.077% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.30 | −0.137% | $239K | $341K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0072% | 1h | 116.46 | long leg | $1.2M | $5.1M | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.42 | −0.034% | $604K | $546K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.45 | −0.009% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0137% | 8h | 116.43 | −0.025% | $301K | $619K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.44 | −0.013% | $42K | $453K | 10x | as long as short |
| Binance BABAUSDT | +0.0195% | 8h | 116.47 | +0.009% | $15.4M | $21.6M | 20x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.41 | −0.043% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.43 | −0.026% | $75K | $100K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Arcus BABA-USD