Funding you earn now, next payment 09:00 UTC+0.0089%/8h= +9.8% APRpaid last 24h +0.029%
Price spread now: Variational Omni against Ondo Perps+0.114%51s7-day average +0.116% · 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)−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.114%, 7d avg +0.116%
=Together, before fees+0.015%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.116%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BABA-USD.P | 117.11 | 0.0050 | pay 0.0006% / 1h | 18m 49s | $231K | $411K | 10x |
| Short | Variational Omni BABA | 117.24 | 0.0140 | get 0.0140% / 8h | 7h 18m | $337K | $664K | — |
Ondo Perps BABA-USD.P
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Ondo Perps. 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
- $18.76
- Price spread: +0.114% → +0.116%
- −$0.21
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $13.55
- Costs to cover
- 0.050%
- Break-even
- 1.9 days
Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 15 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 15 min ago | 3.88 bp | doesn't fit | 18.8 bp −$188 | doesn't fit | doesn't fit |
Ondo Perps: 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 | 117.07 | −0.035% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.22 | +0.094% | $2.1M | $723K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.28 | +0.145% | $1.5M | $1.9M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.23 | +0.102% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.29 | +0.154% | $891 | $2.7M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.29 | +0.154% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.27 | +0.137% | $373K | $71K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.18 | +0.060% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.084% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.16 | +0.043% | $70K | $136K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH 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 | 117.13 | +0.017% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.06 | −0.043% | $8K | $280K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 117.11 | long leg | $231K | $411K | 10x | |
| QFEX BABA-USD | +0.0080% | 1h | 117.30 | +0.162% | $1.2M | $2.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.07 | −0.034% | $612K | $425K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.25 | +0.120% | $2K | $798 | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0107% | 1h | 117.15 | +0.034% | $12.0M | $4.6M | 10x | as long as short |
| Variational Omni BABAshort | +0.0140% | 8h | 117.24 | +0.114% | $337K | $664K | — | |
| GRVT BABA_USDT_Perp | +0.0145% | 8h | 117.22 | +0.096% | $3K | $182K | 10x | as long as short |
| Binance BABAUSDT | +0.0190% | 8h | 117.28 | +0.145% | $15.3M | $31.0M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 117.26 | +0.128% | $47K | $312K | 10x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 117.15 | +0.034% | $66K | $89K | 10x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
tradeXYZ xyz:BABA
GRVT BABA_USDT_Perp
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA