Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.041%

Price spread now: Vest against Variational Omni+0.030%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 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 · Vest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.030% dearer against Variational Omni than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$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 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BABA	116.91	0.0060	pay 0.0060% / 8h	1h 33m	$263K	$652K	—
Short	Vest BABA-USD-PERP	116.95	0.0046	get 0.0006% / 1h	33m 40s	—	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee VestbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$3.07
Price spread: +0.030% → 0.000%: $3.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$2.04
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; Vest: 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, 10 min ago	2.52 bp	doesn't fit	12.6 bp −$126	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	117.26	+0.293%	$69K	$36K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.99	+0.065%	$2.1M	$731K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.96	+0.039%	$1.5M	$2.0M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.97	+0.047%	$2.4M	$1.8M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.97	+0.047%	$1K	$3.3M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.08	+0.142%	$30K	$19K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0031%	8h	117.00	+0.069%	$3K	$194K	10x	as long as short
Lighter BABA	+0.0032%	1h	117.04	+0.107%	$372K	$72K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	116.94	+0.022%	$434K	$510K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.919%	$11K	$26K	12x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BABA-USD	+0.0040%	1h	116.93	+0.013%	$71K	$110K	10x	as long as short
Vest BABA-USD-PERPshort	+0.0046%	1h	116.95	+0.030%	—	$19K	10x
tradeXYZ xyz:BABA	+0.0050%	1h	116.88	−0.030%	$11.7M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.91	−0.004%	$8K	$285K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.86	−0.047%	$224K	$421K	10x	as long as short
Variational Omni BABAlong	+0.0060%	8h	116.91	long leg	$263K	$652K	—
QFEX BABA-USD	+0.0063%	1h	116.97	+0.047%	$1.2M	$3.1M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.87	−0.038%	$609K	$398K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.96	+0.039%	$2K	$798	10x	as long as short
Extended BABA_24_5-USD	+0.0128%	1h	116.96	+0.036%	$43K	$304K	10x	as long as short
Binance BABAUSDT	+0.0130%	8h	116.99	+0.065%	$15.3M	$32.5M	20x	as long as short
Phoenix BABA	+0.0204%	1h	116.94	+0.022%	$65K	$89K	10x	as long as short