BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%

Price spread now: QFEX against Vest−0.034%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. QFEX is 0.034% cheaper against Vest than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BABA-USD-PERP	117.36	0.0046	pay 0.0006% / 1h	52m 06s	—	$19K	10x
Short	QFEX BABA-USD	117.32	0.0063	get 0.0008% / 1h	52m 06s	$1.2M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee VestbpFee QFEXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $3.66
Price spread: −0.034% → 0.000%: −$3.41
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$11.75
Costs to cover: 0.120%
Break-even: 29.5 days

Slippage unknown: Vest: no order-book sample; QFEX: live order book, 6 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell QFEX live order book, 6 min ago	1.28 bp	7.7 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	117.45	+0.073%	$69K	$36K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.27	−0.077%	$2.1M	$732K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.33	−0.026%	$1.5M	$2.0M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.31	−0.043%	$2.4M	$1.8M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.33	−0.026%	$682	$3.3M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.54	+0.153%	$30K	$19K	20x	as long as short
Lighter BABA	+0.0032%	1h	117.37	+0.009%	$373K	$72K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	117.31	−0.043%	$435K	$510K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.295%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	117.36	0.000%	$71K	$110K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERPlong	+0.0046%	1h	117.36	long leg	—	$19K	10x
tradeXYZ xyz:BABA	+0.0050%	1h	117.24	−0.102%	$11.8M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	117.27	−0.077%	$8K	$285K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.20	−0.136%	$238K	$417K	10x	as long as short
QFEX BABA-USDshort	+0.0063%	1h	117.32	−0.034%	$1.2M	$3.1M	10x
GRVT BABA_USDT_Perp	+0.0066%	8h	117.45	+0.079%	$2K	$194K	10x	as long as short
Variational Omni BABA	+0.0094%	8h	117.47	+0.093%	$264K	$658K	—	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.29	−0.060%	$610K	$410K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.31	−0.043%	$2K	$798	10x	as long as short
Binance BABAUSDT	+0.0157%	8h	117.27	−0.077%	$15.5M	$32.0M	20x	as long as short
Extended BABA_24_5-USD	+0.0160%	1h	117.29	−0.055%	$44K	$352K	10x	as long as short
Phoenix BABA	+0.0204%	1h	117.38	+0.017%	$66K	$89K	10x	as long as short