Funding you earn now, next payment 08:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.53 per $10,000 · paid last 24h +0.018%
Price spread now: Binance against Variational Omni+0.260%7-day average −0.016% · 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)+0.018%+$2 on $10k
+Price spread, last 2 days (all we have)−0.238%−$24 · spread now +0.260%, 7d avg −0.016%
=Together, before fees−0.221%+ Points / potential airdropVariational Omni: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.276% dearer against Variational Omni than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 117.24 | 0.0155 | pay 0.0155% / 8h | 6h 29m | $272K | $650K | — |
| Short | Binance BABAUSDT | 117.54 | 0.0208 | get 0.0208% / 8h | 6h 29m | $15.5M | $23.3M | 20x |
Variational Omni BABA
Binance BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $11.22
- Price spread: +0.260% → −0.016%
- $27.62
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $28.84
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 39 min ago; Binance: live order book, 11 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, 39 min ago | 3.21 bp | doesn't fit | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.43 bp | 7.6 bp −$8 | 12.3 bp −$123 | 102.2 bp −$10.2K | 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 | 116.97 | −0.230% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.64 | +0.344% | $2.2M | $539K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.39 | +0.131% | $1.4M | $1.5M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.18 | −0.048% | $804 | $4.0M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.29 | +0.045% | $37K | $2K | 20x | as long as short |
| Bitget BABAUSDT | +0.0002% | 8h | 117.10 | −0.117% | $2.5M | $1.2M | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.20 | −0.031% | $386K | $44K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.98 | −0.219% | $423K | $497K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.191% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.47 | +0.199% | $1.2M | $4.6M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Bitget BABAUSDT
Lighter BABA
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 117.14 | −0.083% | $74K | $101K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.07 | −0.142% | — | $18K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0047% | 8h | 117.24 | +0.003% | $3K | $229K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.93 | −0.262% | $12.2M | $3.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.07 | −0.142% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.19 | −0.040% | $241K | $369K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.93 | −0.262% | $609K | $531K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.01 | −0.193% | $1K | $1K | 10x | as long as short |
| Variational Omni BABAlong | +0.0155% | 8h | 117.24 | long leg | $272K | $650K | — | |
| Phoenix BABA | +0.0205% | 1h | 117.17 | −0.057% | $66K | $71K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0208% | 1h | 117.28 | +0.037% | $43K | $366K | 10x | as long as short |
| Binance BABAUSDTshort | +0.0208% | 8h | 117.54 | +0.260% | $15.5M | $23.3M | 20x |
Arcus BABA-USD
Vest BABA-USD-PERP
GRVT BABA_USDT_Perp
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Extended BABA_24_5-USD