Funding you earn now, next payment 05:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h +0.045%
Price spread now: Variational Omni against Lighter RH+0.109%7-day average +0.075% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.109%, 7d avg +0.075%
=Together, before fees−0.103%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.034% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.075%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BABA | 118.27 | 0.0032 | pay 0.0004% / 1h | 18m 19s | $437K | $508K | 10x |
| Short | Variational Omni BABA | 118.40 | 0.0057 | get 0.0057% / 8h | 3h 18m | $266K | $658K | — |
Lighter RH BABA
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Lighter RH. 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
- $5.35
- Price spread: +0.109% → +0.075%
- $3.43
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $8.79
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 34 min ago; Variational Omni: RFQ quote, 36 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 Lighter RH live order book, 34 min ago | 1.69 bp | 2.7 bp −$3 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 36 min ago | 4.57 bp | doesn't fit | 19.5 bp −$195 | 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 | 118.19 | −0.068% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.27 | 0.000% | $2.1M | $706K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.28 | +0.008% | $1.5M | $2.0M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.27 | 0.000% | $704 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.31 | +0.034% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0007% | 8h | 118.41 | +0.118% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.37 | +0.085% | $377K | $73K | 10x | as long as short |
| Lighter RH BABAlong | +0.0032% | 1h | 118.27 | long leg | $437K | $508K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.055% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.31 | +0.034% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Injective BABA/USDC PERP
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 | 118.30 | +0.025% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.19 | −0.068% | $12.0M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.20 | −0.059% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.13 | −0.118% | $238K | $406K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.24 | −0.025% | $1.2M | $3.7M | 10x | as long as short |
| Variational Omni BABAshort | +0.0057% | 8h | 118.40 | +0.109% | $266K | $658K | — | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.15 | −0.101% | $616K | $459K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.25 | −0.017% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0132% | 8h | 118.28 | +0.008% | $15.6M | $30.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 118.25 | −0.019% | $43K | $354K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.41 | +0.118% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0279% | 8h | 118.25 | −0.017% | $2.4M | $1.7M | 20x | 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
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT