Funding you earn now, next payment 06:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.017%
Price spread now: QFEX against SunX−0.060%7-day average −0.018% · 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−$148as in the Price arb table
costs, in and out, $10k−$1441.436% of the position
Funding, last 4 days (all we have)+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.060%, 7d avg −0.018%
=Funding pays, the price is against you. QFEX is 0.042% cheaper against SunX than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.018%). If the spread goes back, that is −$4 on $10k: about 46 hours of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.025% in total) that is about 6.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BABA-USDT | 117.44 | 0 | get 0.0000% / 8h | 2h 02m | $639 | $3.3M | 20x |
| Short | QFEX BABA-USD | 117.37 | 0.0073 | get 0.0009% / 1h | 2m 15s | $1.2M | $3.2M | 10x |
SunX BABA-USDT
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against SunX. 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
- $15.27
- Price spread: −0.060% → −0.018%
- −$4.18
- Slippage, 4 orders
- −$125.64
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$132.55
- Costs to cover
- 1.436%
- Break-even
- 67.8 days
Slippage from SunX: live order book, 6 min ago; QFEX: live order book, 6 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 SunX live order book, 6 min ago | 46.28 bp | 64.4 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 2.12 bp | 7.1 bp −$7 | 8.7 bp −$87 | 17.4 bp −$1,745 | 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 | 117.68 | +0.208% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.39 | −0.043% | $2.1M | $730K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.45 | +0.009% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.46 | +0.017% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDTlong | 0.0000% | 8h | 117.44 | long leg | $639 | $3.3M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 117.78 | +0.290% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.48 | +0.034% | $374K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.38 | −0.051% | $435K | $514K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.362% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.50 | +0.051% | $71K | $110K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
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 | 117.39 | −0.043% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.36 | −0.068% | $11.9M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.35 | −0.077% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.32 | −0.102% | $238K | $404K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0073% | 1h | 117.37 | −0.060% | $1.2M | $3.2M | 10x | |
| GRVT BABA_USDT_Perp | +0.0082% | 8h | 117.73 | +0.249% | $3K | $193K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.45 | +0.009% | $611K | $416K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.44 | 0.000% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0108% | 8h | 117.67 | +0.200% | $265K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0168% | 1h | 117.38 | −0.054% | $44K | $355K | 10x | as long as short |
| Binance BABAUSDT | +0.0169% | 8h | 117.42 | −0.016% | $15.5M | $31.7M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 117.65 | +0.179% | $66K | $90K | 10x | as long as short |
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
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA