Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.045%
Price spread now: Variational Omni against Lighter RH+0.244%7-day average +0.073% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.259%−$26 · spread now +0.244%, 7d avg +0.073%
=Together, before fees−0.240%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.171% dearer against Lighter RH than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BABA | 116.63 | 0.0032 | pay 0.0004% / 1h | 31m 25s | $433K | $511K | 10x |
| Short | Variational Omni BABA | 116.91 | 0.0060 | get 0.0060% / 8h | 1h 31m | $263K | $652K | — |
Lighter RH BABA
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Lighter RH. 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
- $5.95
- Price spread: +0.244% → +0.073%
- $17.11
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $23.05
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 11 min ago; Variational Omni: RFQ quote, 13 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 RH live order book, 11 min ago | 2.56 bp | 3.2 bp −$3 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 13 min ago | 2.52 bp | doesn't fit | 21.6 bp −$216 | 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 | 116.92 | +0.250% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.70 | +0.060% | $2.1M | $733K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.70 | +0.060% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.73 | +0.086% | $2.3M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.74 | +0.094% | $1K | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.08 | +0.386% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0031% | 8h | 117.02 | +0.337% | $3K | $194K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.74 | +0.094% | $371K | $72K | 10x | as long as short |
| Lighter RH BABAlong | +0.0032% | 1h | 116.63 | long leg | $433K | $511K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.677% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 116.84 | +0.180% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.72 | +0.077% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.53 | −0.086% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.62 | −0.009% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.86 | +0.197% | $227K | $421K | 10x | as long as short |
| Variational Omni BABAshort | +0.0060% | 8h | 116.91 | +0.244% | $263K | $652K | — | |
| QFEX BABA-USD | +0.0063% | 1h | 116.72 | +0.077% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.59 | −0.034% | $607K | $397K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.77 | +0.120% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 116.66 | +0.026% | $43K | $304K | 10x | as long as short |
| Binance BABAUSDT | +0.0128% | 8h | 116.70 | +0.056% | $15.1M | $32.4M | 20x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 116.89 | +0.223% | $65K | $89K | 10x | as long as short |
Arcus BABA-USD
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
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA