Funding you earn now, next payment 03:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.014%
Price spread now: Variational Omni against Extended−0.004%7-day average +0.033% · 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)−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.004%, 7d avg +0.033%
=Together, before fees−0.007%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.036% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BABA_24_5-USD | 118.28 | 0.0160 | pay 0.0020% / 1h | 40m 45s | $46K | $365K | 10x |
| Short | Variational Omni BABA | 118.27 | 0.0092 | get 0.0092% / 8h | 5h 40m | $266K | $658K | — |
Extended BABA_24_5-USD
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Extended. 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
- −$14.34
- Price spread: −0.004% → +0.033%
- −$3.63
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$22.97
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 22 min ago; Variational Omni: RFQ quote, 23 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 Extended live order book, 22 min ago | 2.54 bp | 11.9 bp −$12 | 122.4 bp −$1,224 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 23 min ago | 3.86 bp | doesn't fit | 23.5 bp −$235 | 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 | 118.19 | −0.074% | $78K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.36 | +0.071% | $2.2M | $581K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.30 | +0.020% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.23 | −0.039% | $3K | $220K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.29 | +0.012% | $685 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.32 | +0.037% | $35K | $8K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.37 | +0.079% | $390K | $46K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.20 | −0.064% | $428K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.060% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.17 | −0.090% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
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 | 118.25 | −0.022% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.23 | −0.039% | $12.1M | $3.6M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.20 | −0.064% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.12 | −0.132% | $235K | $377K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 118.23 | −0.039% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABAshort | +0.0092% | 8h | 118.27 | −0.004% | $266K | $658K | — | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.17 | −0.090% | $615K | $517K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.26 | −0.014% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0158% | 8h | 118.31 | +0.027% | $15.6M | $24.0M | 20x | as long as short |
| Extended BABA_24_5-USDlong | +0.0160% | 1h | 118.28 | long leg | $46K | $365K | 10x | |
| Phoenix BABA | +0.0203% | 1h | 118.17 | −0.090% | $66K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0368% | 8h | 118.32 | +0.037% | $2.5M | $1.3M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT