Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.045%
Price spread now: Variational Omni against Injective+2.119%61s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 2.119% dearer against Injective than usual: you sell high and buy low: +$212 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 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 | Injective BABA/USDC PERP | 115.84 | 0.0033 | pay 0.0004% / 1h | 0m 24s | $11K | $26K | 12x |
| Short | Variational Omni BABA | 118.29 | 0.0058 | get 0.0058% / 8h | 4h 00m | $266K | $658K | — |
Injective BABA/USDC PERP
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Injective. 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
- $5.17
- Price spread: +2.119% → 0.000%
- $211.87
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $217.02
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 59 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 Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 59 min ago | 4.52 bp | doesn't fit | 24.7 bp −$247 | doesn't fit | doesn't fit |
Injective: 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 | 118.27 | +2.095% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.36 | +2.175% | $2.1M | $698K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.33 | +2.150% | $1.5M | $1.9M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.37 | +2.181% | $3K | $193K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.32 | +2.141% | $1K | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.40 | +2.210% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.33 | +2.150% | $376K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.25 | +2.080% | $437K | $508K | 10x | as long as short |
| Injective BABA/USDC PERPlong | +0.0033% | 1h | 115.84 | long leg | $11K | $26K | 12x | |
| Arcus BABA-USD | +0.0040% | 1h | 118.29 | +2.115% | $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
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 | 118.30 | +2.124% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.24 | +2.072% | $11.9M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.25 | +2.080% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.35 | +2.167% | $238K | $407K | 10x | as long as short |
| Variational Omni BABAshort | +0.0058% | 8h | 118.29 | +2.119% | $266K | $658K | — | |
| QFEX BABA-USD | +0.0068% | 1h | 118.29 | +2.115% | $1.2M | $4.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.18 | +2.020% | $616K | $470K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.30 | +2.124% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0134% | 8h | 118.34 | +2.157% | $15.6M | $30.4M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 118.29 | +2.113% | $44K | $358K | 10x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.31 | +2.132% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0467% | 8h | 118.38 | +2.193% | $2.4M | $1.7M | 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
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT