Funding you earn now, next payment 09:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.043%
Price spread now: Variational Omni against Lighter−0.069%7-day average −0.072% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now −0.069%, 7d avg −0.072%
=Together, before fees−0.180%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 117.25 | 0.0032 | pay 0.0004% / 1h | 57m 35s | $373K | $71K | 10x |
| Short | Variational Omni BABA | 117.17 | 0.0095 | get 0.0095% / 8h | 7h 57m | $337K | $779K | — |
Lighter BABA
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Lighter. 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
- $13.19
- Price spread: −0.069% → −0.072%
- $0.28
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $13.47
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 32 min ago; Variational Omni: RFQ quote, 41 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 Lighter live order book, 32 min ago | 11.95 bp | 18.6 bp −$19 | 20.6 bp −$206 | 65.6 bp −$6,562 | doesn't fit |
| Sell Variational Omni RFQ quote, 41 min ago | 2.53 bp | doesn't fit | 24.9 bp −$249 | 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 | 117.07 | −0.152% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.22 | −0.026% | $2.1M | $718K | 25x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.25 | 0.000% | $2.3M | $2.0M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.22 | −0.026% | $840 | $2.9M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.22 | −0.026% | $30K | $19K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 117.25 | long leg | $373K | $71K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.20 | −0.043% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.203% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.14 | −0.094% | $70K | $140K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.10 | −0.128% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USD
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.12 | −0.111% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.07 | −0.154% | $231K | $422K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0067% | 8h | 117.19 | −0.052% | $3K | $187K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.18 | −0.060% | $1.2M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0089% | 1h | 117.13 | −0.102% | $11.8M | $4.5M | 10x | as long as short |
| Variational Omni BABAshort | +0.0095% | 8h | 117.17 | −0.069% | $337K | $779K | — | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.01 | −0.205% | $609K | $398K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.22 | −0.026% | $2K | $798 | 10x | as long as short |
| Gate BABA_USDT | +0.0104% | 8h | 117.27 | +0.017% | $1.5M | $1.9M | 50x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 117.22 | −0.027% | $43K | $311K | 10x | as long as short |
| Binance BABAUSDT | +0.0163% | 8h | 117.25 | −0.002% | $15.3M | $31.8M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.11 | −0.119% | $66K | $89K | 10x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
QFEX BABA-USD
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Gate BABA_USDT
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA