Funding you earn now, next payment 02:00 UTC+0.0115%/8h= +12.5% APRpaid last 24h −0.087%
Price spread now: Variational Omni against Arcus−0.334%50s7-day average +0.015% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)+0.295%+$29 · spread now −0.334%, 7d avg +0.015%
=Together, before fees+0.116%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.349% cheaper against Arcus than usual: you would sell low and buy high (spread −0.334% now, against its 7-day average of +0.015%). If the spread goes back, that is −$35 on $10k: about 10 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.179%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BABA-USD | 117.63 | 0.0040 | pay 0.0005% / 1h | 26m 47s | $74K | $101K | 10x |
| Short | Variational Omni BABA | 117.24 | 0.0155 | get 0.0155% / 8h | 6h 26m | $272K | $650K | — |
Arcus BABA-USD
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Arcus. 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
- $24.05
- Price spread: −0.334% → +0.015%
- −$34.91
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$15.36
- Costs to cover
- 0.045%
- Break-even
- 11.5 days
Slippage unknown: Arcus: live order book, 32 min ago; Variational Omni: RFQ quote, 42 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 Arcus live order book, 32 min ago | 4.28 bp | 10.8 bp −$11 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 42 min ago | 3.21 bp | doesn't fit | 17.9 bp −$179 | 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 | 117.73 | +0.083% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.61 | −0.017% | $2.2M | $562K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.71 | +0.068% | $1.4M | $1.5M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.64 | +0.009% | $809 | $4.0M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.71 | +0.068% | $38K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.69 | +0.051% | $388K | $45K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.56 | −0.060% | $425K | $497K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.522% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.76 | +0.111% | $1.2M | $4.6M | 10x | as long as short |
| Arcus BABA-USDlong | +0.0040% | 1h | 117.63 | long leg | $74K | $101K | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
QFEX 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 | 117.73 | +0.085% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.47 | −0.136% | $12.3M | $3.6M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.45 | −0.153% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.99 | +0.306% | $241K | $372K | 10x | as long as short |
| Bitget BABAUSDT | +0.0055% | 8h | 117.67 | +0.034% | $2.6M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0069% | 8h | 117.79 | +0.134% | $3K | $228K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.75 | +0.102% | $613K | $531K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.67 | +0.034% | $1K | $532 | 10x | as long as short |
| Variational Omni BABAshort | +0.0155% | 8h | 117.24 | −0.334% | $272K | $650K | — | |
| Phoenix BABA | +0.0205% | 1h | 117.18 | −0.383% | $66K | $71K | 10x | as long as short |
| Binance BABAUSDT | +0.0208% | 8h | 117.65 | +0.015% | $15.7M | $23.4M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0216% | 1h | 117.64 | +0.011% | $43K | $366K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Bitget BABAUSDT
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Binance BABAUSDT
Extended BABA_24_5-USD