Funding you earn now, next payment 11:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.034%
Price spread now: Injective against Variational Omni−2.823%91s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.823% cheaper against Variational Omni than usual: you would sell low and buy high (−$282 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 91 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 | Variational Omni BABA | 119.20 | 0.0104 | pay 0.0104% / 8h | 5h 07m | $364K | $642K | — |
| Short | Injective BABA/USDC PERP | 115.84 | 0.0033 | get 0.0004% / 1h | 7m 43s | $11K | $26K | 12x |
Variational Omni BABA
Injective BABA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14.74
- Price spread: −2.823% → 0.000%
- −$282.25
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$297.01
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 39 min ago; Injective: no order-book sample. 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, 39 min ago | 3.17 bp | doesn't fit | 32.2 bp −$322 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 exchanges
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 | 119.34 | +0.115% | $70K | $40K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.33 | +0.105% | $2.1M | $735K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.32 | +0.097% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.30 | +0.080% | $2.3M | $2.2M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.26 | +0.047% | $3K | $184K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.27 | +0.055% | $723 | $2.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.26 | +0.046% | $30K | $19K | 20x | as long as short |
| QFEX BABA-USD | +0.0029% | 1h | 119.24 | +0.030% | $1.3M | $2.8M | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.33 | +0.105% | $383K | $74K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.26 | +0.046% | $412K | $537K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
QFEX BABA-USD
Lighter BABA
Lighter RH BABAShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BABA/USDC PERPshort | +0.0033% | 1h | 115.84 | −2.823% | $11K | $26K | 12x | |
| Arcus BABA-USD | +0.0040% | 1h | 119.21 | +0.005% | $71K | $104K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.38 | +0.147% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.25 | +0.038% | $12.0M | $4.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.20 | −0.004% | $9K | $167K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.21 | +0.005% | $181K | $478K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.16 | −0.037% | $621K | $560K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.23 | +0.021% | $2K | $798 | 10x | as long as short |
| Variational Omni BABAlong | +0.0104% | 8h | 119.20 | long leg | $364K | $642K | — | |
| Extended BABA_24_5-USD | +0.0128% | 1h | 119.25 | +0.037% | $25K | $329K | 10x | as long as short |
| Binance BABAUSDT | +0.0131% | 8h | 119.28 | +0.064% | $15.0M | $34.3M | 20x | as long as short |
| Phoenix BABA | +0.0267% | 1h | 119.29 | +0.072% | $67K | $109K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA