Funding you earn now, next payment 06:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.037%
Price spread now: Variational Omni against QFEX−0.013%47s7-day average +0.021% · 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)+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.013%, 7d avg +0.021%
=Together, before fees+0.033%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.034% cheaper against QFEX than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.021%). If the spread goes back, that is −$3 on $10k: about 3.2 days of funding at the current rate (+$1 a day). The two prices were read 47 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 | QFEX BABA-USD | 117.69 | 0.0073 | pay 0.0009% / 1h | 5m 49s | $1.2M | $3.2M | 10x |
| Short | Variational Omni BABA | 117.67 | 0.0108 | get 0.0108% / 8h | 2h 05m | $265K | $658K | — |
QFEX BABA-USD
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against QFEX. 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
- $7.5
- Price spread: −0.013% → +0.021%
- −$3.43
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$5.93
- Costs to cover
- 0.100%
- Break-even
- 12.5 days
Slippage unknown: QFEX: live order book, 7 min ago; Variational Omni: RFQ quote, 43 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 QFEX live order book, 7 min ago | 1.70 bp | 6.7 bp −$7 | 9.8 bp −$98 | 19.9 bp −$1,993 | doesn't fit |
| Sell Variational Omni RFQ quote, 43 min ago | 3.89 bp | doesn't fit | 28.7 bp −$287 | 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 | 117.87 | +0.153% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.68 | −0.008% | $2.1M | $720K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.71 | +0.017% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.71 | +0.017% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.69 | 0.000% | $824 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.76 | +0.059% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.75 | +0.051% | $375K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.66 | −0.025% | $436K | $514K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.572% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.66 | −0.025% | $71K | $110K | 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 | 117.71 | +0.017% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.44 | −0.212% | $11.9M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.63 | −0.051% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.57 | −0.102% | $238K | $405K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0073% | 1h | 117.69 | long leg | $1.2M | $3.2M | 10x | |
| GRVT BABA_USDT_Perp | +0.0088% | 8h | 117.76 | +0.056% | $3K | $193K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.63 | −0.051% | $612K | $420K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.68 | −0.008% | $2K | $798 | 10x | as long as short |
| Variational Omni BABAshort | +0.0108% | 8h | 117.67 | −0.013% | $265K | $658K | — | |
| Binance BABAUSDT | +0.0174% | 8h | 117.69 | 0.000% | $15.5M | $31.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 117.66 | −0.028% | $44K | $355K | 10x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 117.69 | 0.000% | $66K | $90K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA