Funding you earn now, next payment 21:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h +0.008%
Price spread now: Polymarket Perps against QFEX−0.078%7-day average −0.054% · 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−$31as in the Price arb table
costs, in and out, $10k−$290.287% of the position
Funding, last 3 days (all we have)+0.074%+$7 on $10k
+Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.078%, 7d avg −0.054%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Polymarket Perps is 0.024% cheaper against QFEX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.054%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.03 | 0.0065 | pay 0.0008% / 1h | 31m 09s | $1.2M | $4.9M | 10x |
| Short | Polymarket Perps BABA-USD | 115.94 | 0.0050 | get 0.0006% / 1h | 31m 09s | $10K | $263K | 10x |
QFEX BABA-USD
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$3.14
- Price spread: −0.078% → −0.054%
- −$2.36
- Slippage, 4 orders
- −$10.72
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$34.22
- Costs to cover
- 0.287%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Polymarket Perps: live order book, 16 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 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 16 min ago | 2.59 bp | 7.0 bp −$7 | 7.4 bp −$74 | 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 | 116.04 | +0.005% | $73K | $25K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.00 | −0.026% | $2.2M | $600K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.04 | +0.009% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.01 | −0.017% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 115.95 | −0.072% | $289K | $606K | — | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.05 | +0.017% | $927 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.04 | +0.009% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.19 | +0.138% | $385K | $51K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.03 | 0.000% | $450K | $583K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.164% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
Variational Omni BABA
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 | 115.98 | −0.043% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 115.99 | −0.034% | $12.1M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 115.94 | −0.078% | $10K | $263K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 115.90 | −0.112% | $248K | $328K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0065% | 1h | 116.03 | long leg | $1.2M | $4.9M | 10x | |
| Extended BABA_24_5-USD | +0.0080% | 1h | 116.04 | +0.011% | $18K | $359K | 10x | as long as short |
| Binance BABAUSDT | +0.0082% | 8h | 116.06 | +0.024% | $15.5M | $19.9M | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0086% | 8h | 116.00 | −0.029% | $3K | $269K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.94 | −0.078% | $602K | $722K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.04 | +0.009% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0345% | 1h | 116.06 | +0.026% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0765% | 1h | 116.03 | 0.000% | $79K | $93K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
Extended BABA_24_5-USD
Binance BABAUSDT
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD