Funding you earn now, next payment 09:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.024%
Price spread now: tradeXYZ against Variational Omni−0.069%7-day average −0.097% · 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)−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.069%, 7d avg −0.097%
=Together, before fees+0.017%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.028% dearer against Variational Omni than usual: you sell high and buy low (spread −0.069% now, against its 7-day average of −0.097%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 6.3 days. At the pace of the last 4 days (−0.005% 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 | 117.33 | 0.0131 | pay 0.0131% / 8h | 7h 42m | $337K | $722K | — |
| Short | tradeXYZ xyz:BABA | 117.25 | 0.0116 | get 0.0015% / 1h | 42m 48s | $12.0M | $4.6M | 10x |
Variational Omni BABA
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$3.15
- Price spread: −0.069% → −0.097%
- $2.85
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$18.3
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 56 min ago; tradeXYZ: live order book, 5 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, 56 min ago | 2.53 bp | doesn't fit | 29.7 bp −$297 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.85 bp | 11.4 bp −$11 | 17.2 bp −$172 | 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 | 117.19 | −0.117% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.30 | −0.026% | $2.1M | $727K | 25x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.32 | −0.009% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.35 | +0.016% | $769 | $2.8M | 20x | as long as short |
| Gate BABA_USDT | +0.0011% | 8h | 117.38 | +0.042% | $1.5M | $1.9M | 50x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.40 | +0.059% | $374K | $71K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.32 | −0.009% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.270% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.24 | −0.077% | $70K | $140K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.25 | −0.069% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
SunX BABA-USDT
Gate BABA_USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USD
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.19 | −0.120% | $8K | $281K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.12 | −0.180% | $231K | $421K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.32 | −0.009% | $1.2M | $2.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.16 | −0.145% | $612K | $402K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.37 | +0.034% | $2K | $798 | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0116% | 1h | 117.25 | −0.069% | $12.0M | $4.6M | 10x | |
| Variational Omni BABAlong | +0.0131% | 8h | 117.33 | long leg | $337K | $722K | — | |
| Extended BABA_24_5-USD | +0.0192% | 1h | 117.31 | −0.014% | $43K | $311K | 10x | as long as short |
| Binance BABAUSDT | +0.0195% | 8h | 117.36 | +0.025% | $15.3M | $31.5M | 20x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 117.34 | +0.008% | $66K | $89K | 10x | as long as short |
| HTX BABA-USDT | +0.0301% | 8h | 117.41 | +0.068% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0705% | 8h | 117.32 | −0.006% | $3K | $184K | 10x | as long as short |
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
HTX BABA-USDT
GRVT BABA_USDT_Perp