Funding you earn now, next payment 02:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.039%
Price spread now: Polymarket Perps against Variational Omni+0.182%7-day average −0.071% · 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)+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)−0.195%−$20 · spread now +0.182%, 7d avg −0.071%
=Together, before fees−0.154%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.253% dearer against Variational Omni than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of −0.071%): +$25 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.1 days.
| 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 27m | $272K | $650K | — |
| Short | Polymarket Perps BABA-USD | 117.45 | 0.0050 | get 0.0006% / 1h | 27m 18s | $10K | $264K | 10x |
Variational Omni BABA
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$22.01
- Price spread: +0.182% → −0.071%
- $25.31
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$4.7
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 42 min ago; Polymarket Perps: live order book, 40 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, 42 min ago | 3.21 bp | doesn't fit | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 40 min ago | 2.57 bp | 7.4 bp −$7 | 7.4 bp −$74 | 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 | 117.69 | +0.383% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.59 | +0.301% | $2.2M | $561K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.65 | +0.352% | $1.4M | $1.5M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.64 | +0.344% | $809 | $4.0M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.71 | +0.404% | $38K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.62 | +0.327% | $387K | $45K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.47 | +0.199% | $425K | $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 | 117.76 | +0.446% | $1.2M | $4.6M | 10x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.63 | +0.335% | $74K | $101K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
QFEX BABA-USD
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 | 117.73 | +0.421% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.40 | +0.139% | $12.3M | $3.5M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 117.45 | +0.182% | $10K | $264K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.99 | +0.642% | $241K | $372K | 10x | as long as short |
| Bitget BABAUSDT | +0.0055% | 8h | 117.65 | +0.352% | $2.6M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0069% | 8h | 117.79 | +0.470% | $3K | $228K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.66 | +0.361% | $613K | $531K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.67 | +0.369% | $1K | $532 | 10x | as long as short |
| Variational Omni BABAlong | +0.0155% | 8h | 117.24 | long leg | $272K | $650K | — | |
| Phoenix BABA | +0.0205% | 1h | 117.18 | −0.048% | $66K | $71K | 10x | as long as short |
| Binance BABAUSDT | +0.0212% | 8h | 117.67 | +0.373% | $15.7M | $23.4M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0216% | 1h | 117.66 | +0.358% | $43K | $366K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
Bitget BABAUSDT
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Binance BABAUSDT
Extended BABA_24_5-USD