Funding you earn now, next payment 02:00 UTC−0.0104%/8h= −11.3% APRpaid last 24h −0.037%
Price spread now: QFEX against Variational Omni−0.080%7-day average −0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.080%, 7d avg −0.017%
=Together, before fees+0.104%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.062% cheaper against Variational Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 117.23 | 0.0138 | pay 0.0138% / 8h | 6h 19m | $264K | $658K | — |
| Short | QFEX BABA-USD | 117.14 | 0.0035 | get 0.0004% / 1h | 19m 33s | $1.2M | $4.5M | 10x |
Variational Omni BABA
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$21.75
- Price spread: −0.080% → −0.017%
- −$6.24
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$38
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 49 min ago; QFEX: live order book, 4 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, 49 min ago | 3.21 bp | doesn't fit | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.12 bp | 7.1 bp −$7 | 10.1 bp −$101 | 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 | 117.04 | −0.168% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.13 | −0.088% | $2.2M | $566K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.07 | −0.139% | $1.5M | $1.6M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 117.91 | +0.575% | $3K | $228K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.11 | −0.105% | $960 | $3.8M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.85 | +0.526% | $38K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.09 | −0.122% | $385K | $45K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.96 | −0.233% | $423K | $498K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.188% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USDshort | +0.0035% | 1h | 117.14 | −0.080% | $1.2M | $4.5M | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 117.25 | +0.014% | $74K | $100K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.12 | −0.097% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.90 | −0.284% | $12.2M | $3.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.99 | −0.208% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.89 | −0.293% | $242K | $367K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.01 | −0.190% | $609K | $529K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.97 | −0.225% | $2K | $798 | 10x | as long as short |
| Bitget BABAUSDT | +0.0107% | 8h | 117.14 | −0.080% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABAlong | +0.0138% | 8h | 117.23 | long leg | $264K | $658K | — | |
| Extended BABA_24_5-USD | +0.0192% | 1h | 117.11 | −0.103% | $43K | $366K | 10x | as long as short |
| Binance BABAUSDT | +0.0193% | 8h | 117.18 | −0.046% | $15.7M | $23.5M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.65 | +0.355% | $66K | $71K | 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
Bitget BABAUSDT
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA