Funding you earn now, next payment 08:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.77 per $10,000 · paid last 24h −0.054%
Price spread now: Bybit against Variational Omni+0.090%7-day average −0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.090%, 7d avg −0.015%
=Together, before fees−0.117%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.105% dearer against Variational Omni than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of −0.015%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 118.43 | 0.0077 | pay 0.0077% / 8h | 4h 19m | $266K | $658K | — |
| Short | Bybit BABAUSDT | 118.54 | 0 | get 0.0000% / 8h | 4h 19m | $2.1M | $693K | 25x |
Variational Omni BABA
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$16.15
- Price spread: +0.090% → −0.015%
- $10.54
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$16.61
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 40 min ago; Bybit: live order book, 2 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 Variational Omni RFQ quote, 40 min ago | 4.52 bp | doesn't fit | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.22 bp | 19.8 bp −$20 | 107.1 bp −$1,071 | 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 | 118.55 | +0.099% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 118.54 | +0.090% | $2.1M | $693K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 118.51 | +0.065% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.51 | +0.065% | $755 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.51 | +0.065% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0023% | 8h | 118.55 | +0.099% | $3K | $216K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.52 | +0.073% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.49 | +0.048% | $437K | $506K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.189% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.40 | −0.028% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
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 | 118.54 | +0.090% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.43 | −0.003% | $11.9M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.48 | +0.040% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.43 | −0.003% | $242K | $404K | 10x | as long as short |
| QFEX BABA-USD | +0.0068% | 1h | 118.53 | +0.082% | $1.2M | $4.2M | 10x | as long as short |
| Variational Omni BABAlong | +0.0077% | 8h | 118.43 | long leg | $266K | $658K | — | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.41 | −0.019% | $616K | $484K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.50 | +0.056% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0151% | 8h | 118.54 | +0.090% | $15.8M | $29.9M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0152% | 1h | 118.50 | +0.058% | $44K | $358K | 10x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.43 | −0.003% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0602% | 8h | 118.55 | +0.099% | $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