Funding you earn now, next payment 00:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h +0.025%
Price spread now: Variational Omni against QFEX−0.062%7-day average +0.014% · 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)+0.022%+$2 on $10k
+Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.062%, 7d avg +0.014%
=Together, before fees+0.079%+ Points / potential airdropVariational Omni: Active · farm board+$8 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 0.076% cheaper against QFEX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.28 | 0.0047 | pay 0.0006% / 1h | 51m 59s | $1.2M | $5.1M | 10x |
| Short | Variational Omni BABA | 116.21 | 0 | get 0.0000% / 8h | 51m 59s | $300K | $620K | — |
QFEX BABA-USD
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against QFEX. 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
- −$9.78
- Price spread: −0.062% → +0.014%
- −$7.62
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$27.39
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 7 min ago; Variational Omni: RFQ quote, 27 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 QFEX live order book, 7 min ago | 1.72 bp | 6.7 bp −$7 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 27 min ago | 2.54 bp | doesn't fit | 23.1 bp −$231 | 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 | 116.21 | −0.063% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.25 | −0.026% | $2.2M | $593K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.27 | −0.009% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.30 | +0.017% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABAshort | 0.0000% | 8h | 116.21 | −0.062% | $300K | $620K | — | |
| SunX BABA-USDT | 0.0000% | 8h | 116.30 | +0.017% | $698 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.28 | 0.000% | $37K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0013% | 8h | 116.22 | −0.052% | $2K | $250K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.22 | −0.052% | $446K | $580K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.378% | $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 RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.14 | −0.120% | — | $9K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0047% | 1h | 116.28 | long leg | $1.2M | $5.1M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.16 | −0.103% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.17 | −0.095% | $239K | $351K | 10x | as long as short |
| Binance BABAUSDT | +0.0071% | 8h | 116.30 | +0.017% | $15.4M | $21.1M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0072% | 1h | 116.28 | −0.002% | $42K | $383K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.11 | −0.146% | $603K | $611K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.27 | −0.009% | $2K | $1K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0114% | 1h | 116.19 | −0.077% | $12.1M | $3.0M | 10x | as long as short |
| Lighter BABA | +0.0144% | 1h | 116.37 | +0.077% | $385K | $49K | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.12 | −0.138% | $65K | $143K | 10x | as long as short |
| Arcus BABA-USD | +0.0394% | 1h | 116.26 | −0.017% | $78K | $94K | 10x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Binance BABAUSDT
Extended BABA_24_5-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
tradeXYZ xyz:BABA
Lighter BABA
Phoenix BABA
Arcus BABA-USD