Funding you earn now, next payment 09:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.034%
Price spread now: Lighter RH against Variational Omni−0.027%7-day average −0.072% · 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)−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.027%, 7d avg −0.072%
=Together, before fees+0.002%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.045% dearer against Variational Omni than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.072%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 4 days (−0.028% in total) that is about 5.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 117.19 | 0.0139 | pay 0.0139% / 8h | 7h 21m | $337K | $664K | — |
| Short | Lighter RH BABA | 117.16 | 0.0032 | get 0.0004% / 1h | 21m 29s | $436K | $494K | 10x |
Variational Omni BABA
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$22.42
- Price spread: −0.027% → −0.072%
- $4.46
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$17.97
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 13 min ago; Lighter RH: live order book, 11 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, 13 min ago | 3.88 bp | doesn't fit | 41.0 bp −$410 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 11 min ago | 2.56 bp | 3.5 bp −$3 | 10.7 bp −$107 | 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 | 117.06 | −0.116% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.20 | +0.007% | $2.1M | $724K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.23 | +0.032% | $1.5M | $1.9M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.18 | −0.010% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.23 | +0.032% | $823 | $2.7M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.23 | +0.032% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.25 | +0.049% | $373K | $71K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 117.16 | −0.027% | $436K | $494K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.154% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.13 | −0.053% | $70K | $136K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
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 | 117.10 | −0.079% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.05 | −0.121% | $8K | $280K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.07 | −0.104% | $231K | $412K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.19 | −0.002% | $1.2M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0100% | 1h | 117.12 | −0.062% | $12.0M | $4.6M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.04 | −0.130% | $612K | $422K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.24 | +0.041% | $2K | $798 | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0118% | 8h | 117.21 | +0.015% | $3K | $182K | 10x | as long as short |
| Variational Omni BABAlong | +0.0139% | 8h | 117.19 | long leg | $337K | $664K | — | |
| Extended BABA_24_5-USD | +0.0184% | 1h | 117.21 | +0.018% | $47K | $312K | 10x | as long as short |
| Binance BABAUSDT | +0.0188% | 8h | 117.25 | +0.049% | $15.3M | $31.0M | 20x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 117.15 | −0.036% | $66K | $89K | 10x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
GRVT BABA_USDT_Perp
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA