Funding you earn now, next payment 06:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h +0.087%
Price spread now: Arcus against Variational Omni−0.005%7-day average −0.018% · 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)+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.005%, 7d avg −0.018%
=Together, before fees+0.203%+ Points / potential airdropVariational Omni: Active · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.181%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 117.65 | 0.0105 | pay 0.0105% / 8h | 2h 23m | $264K | $658K | — |
| Short | Arcus BABA-USD | 117.64 | 0.0040 | get 0.0005% / 1h | 23m 35s | $71K | $110K | 10x |
Variational Omni BABA
Arcus BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Variational Omni. 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
- −$13.66
- Price spread: −0.005% → −0.018%
- $1.35
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$16.81
- Costs to cover
- 0.045%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 25 min ago; Arcus: live order book, 15 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 Variational Omni RFQ quote, 25 min ago | 3.89 bp | doesn't fit | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 15 min ago | 4.23 bp | 9.4 bp −$9 | 12.4 bp −$124 | 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 | 117.94 | +0.250% | $70K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.67 | +0.021% | $2.1M | $721K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.69 | +0.038% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.68 | +0.029% | $2.4M | $1.7M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.66 | +0.012% | $694 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.74 | +0.080% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.73 | +0.072% | $375K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.69 | +0.038% | $436K | $514K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.535% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDshort | +0.0040% | 1h | 117.64 | −0.005% | $71K | $110K | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.65 | +0.004% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.61 | −0.030% | $11.9M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.53 | −0.098% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.56 | −0.073% | $238K | $400K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 117.69 | +0.038% | $1.2M | $3.4M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0077% | 8h | 117.75 | +0.090% | $2K | $193K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.54 | −0.090% | $612K | $429K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.65 | +0.004% | $2K | $798 | 10x | as long as short |
| Variational Omni BABAlong | +0.0105% | 8h | 117.65 | long leg | $264K | $658K | — | |
| Binance BABAUSDT | +0.0174% | 8h | 117.70 | +0.046% | $15.6M | $31.1M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 117.67 | +0.019% | $43K | $357K | 10x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 117.73 | +0.072% | $66K | $90K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA