Funding you earn now, next payment 07:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.07 per $10,000 · paid last 24h +0.046%
Price spread now: Extended against QFEX−0.050%7-day average −0.011% · 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−$44as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 4 days (all we have)+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.050%, 7d avg −0.011%
=Together, before fees+0.091%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.039% cheaper against QFEX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.011%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.95 | 0.0063 | pay 0.0008% / 1h | 19m 47s | $1.2M | $3.1M | 10x |
| Short | Extended BABA_24_5-USD | 116.89 | 0.0120 | get 0.0015% / 1h | 19m 47s | $44K | $308K | 10x |
QFEX BABA-USD
Extended BABA_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $11.94
- Price spread: −0.050% → −0.011%
- −$3.88
- Slippage, 4 orders
- −$25.44
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$32.38
- Costs to cover
- 0.404%
- Break-even
- 26.0 days
Slippage from QFEX: live order book, 3 min ago; Extended: live order book, 23 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 | 7.5 bp −$7 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Extended live order book, 23 min ago | 3.42 bp | 12.9 bp −$13 | 96.6 bp −$966 | 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 | 117.07 | +0.107% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.97 | +0.017% | $2.1M | $734K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.92 | −0.026% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.96 | +0.009% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.95 | 0.000% | $575 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.86 | −0.077% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0022% | 8h | 116.89 | −0.052% | $2K | $194K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.97 | +0.017% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.93 | −0.017% | $434K | $511K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.949% | $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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 116.88 | −0.060% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.94 | −0.009% | — | $19K | 10x | as long as short |
| Variational Omni BABA | +0.0048% | 8h | 116.93 | −0.013% | $364K | $753K | — | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.90 | −0.043% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.89 | −0.051% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.82 | −0.111% | $227K | $421K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0063% | 1h | 116.95 | long leg | $1.2M | $3.1M | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.85 | −0.086% | $608K | $387K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.94 | −0.009% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0117% | 8h | 116.96 | +0.011% | $15.1M | $32.5M | 20x | as long as short |
| Extended BABA_24_5-USDshort | +0.0120% | 1h | 116.89 | −0.050% | $44K | $308K | 10x | |
| Phoenix BABA | +0.0204% | 1h | 116.84 | −0.094% | $65K | $89K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
Variational Omni BABA
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Phoenix BABA