Funding you earn now, next payment 05:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.045%
Price spread now: Injective against Variational Omni−2.050%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 2.050% cheaper against Variational Omni than usual: you would sell low and buy high (−$205 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 118.26 | 0.0057 | pay 0.0057% / 8h | 3h 11m | $266K | $658K | — |
| Short | Injective BABA/USDC PERP | 115.84 | 0.0033 | get 0.0004% / 1h | 11m 13s | $11K | $26K | 12x |
Variational Omni BABA
Injective BABA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$5
- Price spread: −2.050% → 0.000%
- −$204.99
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$210.01
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 43 min ago; Injective: no order-book sample. 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, 43 min ago | 4.57 bp | doesn't fit | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 118.46 | +0.169% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.29 | +0.022% | $2.1M | $706K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.42 | +0.132% | $1.5M | $2.0M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.43 | +0.140% | $699 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.49 | +0.191% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0014% | 8h | 118.39 | +0.106% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.44 | +0.149% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.38 | +0.098% | $438K | $508K | 10x | as long as short |
| Injective BABA/USDC PERPshort | +0.0033% | 1h | 115.84 | −2.050% | $11K | $26K | 12x | |
| Arcus BABA-USD | +0.0040% | 1h | 118.35 | +0.072% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Arcus 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 | 118.38 | +0.098% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.29 | +0.022% | $12.0M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.32 | +0.047% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.29 | +0.022% | $238K | $408K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.41 | +0.123% | $1.2M | $3.7M | 10x | as long as short |
| Variational Omni BABAlong | +0.0057% | 8h | 118.26 | long leg | $266K | $658K | — | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.27 | +0.005% | $615K | $457K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.41 | +0.123% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 118.42 | +0.128% | $43K | $354K | 10x | as long as short |
| Binance BABAUSDT | +0.0140% | 8h | 118.45 | +0.157% | $15.7M | $30.7M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.28 | +0.013% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0254% | 8h | 118.38 | +0.098% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT