Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.034%
Price spread now: tradeXYZ against Variational Omni+0.157%7-day average −0.098% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.157%, 7d avg −0.098%
=Together, before fees−0.114%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and tradeXYZ is 0.254% dearer against Variational Omni than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.098%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 116.74 | 0.0040 | pay 0.0040% / 8h | 31m 47s | $336K | $779K | — |
| Short | tradeXYZ xyz:BABA | 116.92 | 0.0050 | get 0.0006% / 1h | 31m 47s | $11.8M | $4.4M | 10x |
Variational Omni BABA
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $2.15
- Price spread: +0.157% → −0.098%
- $25.43
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $9.58
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 7 min ago; tradeXYZ: live order book, 7 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, 7 min ago | 2.53 bp | doesn't fit | 29.7 bp −$297 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 0.86 bp | 11.1 bp −$11 | 16.2 bp −$162 | 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 | 116.95 | +0.181% | $68K | $37K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.05 | +0.268% | $2.1M | $718K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.00 | +0.225% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.99 | +0.217% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.97 | +0.199% | $777 | $3.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.00 | +0.225% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0017% | 8h | 116.74 | +0.002% | $2K | $189K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.04 | +0.259% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.96 | +0.191% | $435K | $503K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.769% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BABAlong | +0.0040% | 8h | 116.74 | long leg | $336K | $779K | — | |
| Arcus BABA-USD | +0.0040% | 1h | 116.76 | +0.020% | $70K | $140K | 10x | as long as short |
| QFEX BABA-USD | +0.0044% | 1h | 116.94 | +0.174% | $1.3M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.92 | +0.157% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 116.92 | +0.157% | $11.8M | $4.4M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.90 | +0.139% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.93 | +0.165% | $229K | $428K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.86 | +0.105% | $608K | $383K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.98 | +0.208% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0103% | 8h | 117.05 | +0.270% | $15.2M | $32.3M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.97 | +0.203% | $47K | $312K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.69 | −0.040% | $65K | $89K | 10x | as long as short |
Arcus BABA-USD
QFEX BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA