Funding you earn now, next payment 07:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.034%
Price spread now: Variational Omni against tradeXYZ+0.004%7-day average +0.098% · 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)−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.004%, 7d avg +0.098%
=Together, before fees+0.028%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.094% cheaper against tradeXYZ than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.098%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BABA | 116.66 | 0.0050 | pay 0.0006% / 1h | 28m 22s | $11.7M | $4.4M | 10x |
| Short | Variational Omni BABA | 116.66 | 0.0057 | get 0.0057% / 8h | 1h 28m | $362K | $752K | — |
tradeXYZ xyz:BABA
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against tradeXYZ. 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
- $1.54
- Price spread: +0.004% → +0.098%
- −$9.36
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$25.82
- Costs to cover
- 0.180%
- Break-even
- 124.1 days
Slippage unknown: tradeXYZ: live order book, 10 min ago; Variational Omni: RFQ quote, 16 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 tradeXYZ live order book, 10 min ago | 0.43 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 16 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 | 116.91 | +0.214% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.70 | +0.034% | $2.1M | $737K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.70 | +0.034% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.74 | +0.069% | $2.3M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.77 | +0.094% | $810 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.80 | +0.120% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0029% | 8h | 116.70 | +0.034% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.83 | +0.146% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.75 | +0.077% | $433K | $511K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.703% | $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
Lighter RH 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 | 116.73 | +0.060% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.71 | +0.043% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 116.66 | long leg | $11.7M | $4.4M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.65 | −0.009% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.68 | +0.017% | $227K | $420K | 10x | as long as short |
| Variational Omni BABAshort | +0.0057% | 8h | 116.66 | +0.004% | $362K | $752K | — | |
| QFEX BABA-USD | +0.0063% | 1h | 116.76 | +0.086% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.71 | +0.043% | $608K | $395K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.76 | +0.086% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0128% | 8h | 116.70 | +0.034% | $15.1M | $32.5M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 116.67 | +0.011% | $43K | $304K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 116.69 | +0.026% | $65K | $89K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
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