Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.011%
Price spread now: Variational Omni against Extended−0.094%7-day average +0.028% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.012%−$1 on $10k
+Price spread, last 3 days (all we have)+0.084%+$8 · spread now −0.094%, 7d avg +0.028%
=Together, before fees+0.072%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.121% cheaper against Extended than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BABA_24_5-USD | 116.91 | 0.0200 | pay 0.0025% / 1h | 4m 54s | $47K | $365K | 10x |
| Short | Variational Omni BABA | 116.80 | 0.0140 | get 0.0140% / 8h | 7h 04m | $302K | $619K | — |
Extended BABA_24_5-USD
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Extended. 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
- −$12.62
- Price spread: −0.094% → +0.028%
- −$12.13
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$29.75
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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 Extended live order book, 3 min ago | 1.71 bp | 11.2 bp −$11 | 133.0 bp −$1,330 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 3.21 bp | doesn't fit | 17.9 bp −$179 | 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 | 116.75 | −0.136% | $76K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.94 | +0.023% | $2.2M | $580K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.90 | −0.011% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.97 | +0.049% | $2.5M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.78 | −0.117% | $3K | $233K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.87 | −0.037% | $829 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.82 | −0.079% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.99 | +0.066% | $387K | $50K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.85 | −0.054% | $422K | $514K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.918% | $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
Lighter RH 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 | 116.84 | −0.062% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.84 | −0.062% | $12.2M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.81 | −0.088% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.81 | −0.088% | $234K | $355K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.87 | −0.037% | $1.2M | $5.0M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.81 | −0.088% | $606K | $540K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.84 | −0.062% | $2K | $798 | 10x | as long as short |
| Variational Omni BABAshort | +0.0140% | 8h | 116.80 | −0.094% | $302K | $619K | — | |
| Binance BABAUSDT | +0.0198% | 8h | 116.94 | +0.019% | $15.4M | $22.4M | 20x | as long as short |
| Extended BABA_24_5-USDlong | +0.0200% | 1h | 116.91 | long leg | $47K | $365K | 10x | |
| Phoenix BABA | +0.0343% | 1h | 116.81 | −0.088% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.77 | −0.122% | $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
Binance BABAUSDT
Phoenix BABA
Arcus BABA-USD