Funding you earn now, next payment 05:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.043%
Price spread now: Lighter against Variational Omni+0.089%7-day average +0.072% · 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)+0.005%+$1 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.089%, 7d avg +0.072%
=Together, before fees+0.084%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 118.29 | 0.0058 | pay 0.0058% / 8h | 3h 57m | $266K | $658K | — |
| Short | Lighter BABA | 118.40 | 0.0032 | get 0.0004% / 1h | 57m 22s | $377K | $73K | 10x |
Variational Omni BABA
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$5.45
- Price spread: +0.089% → +0.072%
- $1.69
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.76
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 62 min ago; Lighter: live order book, 52 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, 62 min ago | 4.52 bp | doesn't fit | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 52 min ago | 11.76 bp | 23.6 bp −$24 | 26.1 bp −$261 | 70.6 bp −$7,061 | 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 | 118.25 | −0.041% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.32 | +0.022% | $2.1M | $698K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.33 | +0.030% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.35 | +0.047% | $882 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.49 | +0.165% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0005% | 8h | 118.37 | +0.061% | $3K | $193K | 10x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 118.40 | +0.089% | $377K | $73K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 118.32 | +0.022% | $438K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.075% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.29 | −0.004% | $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 RH BABA
Injective BABA/USDC PERP
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 | 118.36 | +0.056% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.28 | −0.012% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.28 | −0.012% | $238K | $406K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0054% | 1h | 118.22 | −0.063% | $11.9M | $4.2M | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.34 | +0.039% | $1.2M | $4.1M | 10x | as long as short |
| Variational Omni BABAlong | +0.0058% | 8h | 118.29 | long leg | $266K | $658K | — | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.25 | −0.037% | $616K | $468K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.34 | +0.039% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 118.31 | +0.012% | $44K | $355K | 10x | as long as short |
| Binance BABAUSDT | +0.0137% | 8h | 118.34 | +0.040% | $15.6M | $30.4M | 20x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.34 | +0.039% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0450% | 8h | 118.32 | +0.022% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT