Funding you earn now, next payment 22:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.019%
Price spread now: Variational Omni against Polymarket Perps+0.031%7-day average +0.067% · 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)−0.051%−$5 on $10k
+Price spread, last 3 days (all we have)−0.015%−$1 · spread now +0.031%, 7d avg +0.067%
=Together, before fees−0.066%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.036% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BABA-USD | 115.93 | 0.0050 | pay 0.0006% / 1h | 31m 09s | $10K | $263K | 10x |
| Short | Variational Omni BABA | 115.97 | 0.0009 | get 0.0009% / 8h | 2h 31m | $300K | $620K | — |
Polymarket Perps BABA-USD
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Polymarket Perps. 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
- −$8.7
- Price spread: +0.031% → +0.067%
- −$3.62
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$20.32
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 55 min ago; Variational Omni: RFQ quote, 58 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 Polymarket Perps live order book, 55 min ago | 1.73 bp | 8.2 bp −$8 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 58 min ago | 2.50 bp | doesn't fit | 39.4 bp −$394 | 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 | 115.99 | +0.051% | $73K | $25K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.00 | +0.060% | $2.2M | $613K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.01 | +0.069% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.04 | +0.095% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 115.99 | +0.052% | $411 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.03 | +0.086% | $37K | $2K | 20x | as long as short |
| Variational Omni BABAshort | +0.0009% | 8h | 115.97 | +0.031% | $300K | $620K | — | |
| Lighter RH BABA | +0.0032% | 1h | 116.01 | +0.069% | $446K | $595K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.078% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0042% | 1h | 115.99 | +0.052% | $1.2M | $5.0M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
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 | 116.01 | +0.069% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 115.97 | +0.035% | $12.1M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USDlong | +0.0050% | 1h | 115.93 | long leg | $10K | $263K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 115.88 | −0.043% | $249K | $333K | 10x | as long as short |
| Lighter BABA | +0.0064% | 1h | 116.15 | +0.190% | $384K | $51K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0073% | 8h | 116.00 | +0.060% | $3K | $273K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0080% | 1h | 116.00 | +0.057% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0080% | 8h | 116.01 | +0.071% | $15.4M | $21.0M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.90 | −0.026% | $601K | $691K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.01 | +0.069% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0207% | 1h | 115.99 | +0.052% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0643% | 1h | 116.00 | +0.060% | $79K | $93K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
Lighter BABA
GRVT BABA_USDT_Perp
Extended BABA_24_5-USD
Binance BABAUSDT
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD