Funding you earn now, next payment 01:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.045%
Price spread now: Lighter RH against Variational Omni+0.055%7-day average −0.070% · 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)−0.022%−$2 on $10k
+Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.055%, 7d avg −0.070%
=Together, before fees−0.061%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.125% dearer against Variational Omni than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.070%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 3 days (−0.022% in total) that is about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 116.74 | 0.0137 | pay 0.0137% / 8h | 7h 06m | $302K | $619K | — |
| Short | Lighter RH BABA | 116.80 | 0.0032 | get 0.0004% / 1h | 6m 31s | $422K | $514K | 10x |
Variational Omni BABA
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$22.08
- Price spread: +0.055% → −0.070%
- $12.55
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$9.53
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter RH: live order book, 1 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, 3 min ago | 3.21 bp | doesn't fit | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 2.14 bp | 3.3 bp −$3 | 11.8 bp −$118 | 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 | 116.71 | −0.022% | $76K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.80 | +0.055% | $2.2M | $581K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.81 | +0.064% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.84 | +0.089% | $2.5M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.78 | +0.034% | $3K | $233K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.77 | +0.029% | $875 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.82 | +0.072% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.96 | +0.192% | $387K | $50K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 116.80 | +0.055% | $422K | $514K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.767% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter 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 | 116.78 | +0.038% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.76 | +0.021% | $12.1M | $2.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.69 | −0.039% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.69 | −0.039% | $234K | $353K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.78 | +0.038% | $1.2M | $5.0M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.68 | −0.048% | $606K | $540K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.80 | +0.055% | $2K | $798 | 10x | as long as short |
| Variational Omni BABAlong | +0.0137% | 8h | 116.74 | long leg | $302K | $619K | — | |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.80 | +0.056% | $46K | $365K | 10x | as long as short |
| Binance BABAUSDT | +0.0196% | 8h | 116.83 | +0.077% | $15.4M | $22.3M | 20x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.81 | +0.064% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.75 | +0.012% | $73K | $102K | 10x | 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
Arcus BABA-USD