Funding you earn now, next payment 08:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.63 per $10,000 · paid last 24h +0.054%
Price spread now: Variational Omni against Bybit+0.049%7-day average +0.014% · 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)+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.049%, 7d avg +0.014%
=Together, before fees−0.104%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.035% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BABAUSDT | 117.04 | 0 | get 0.0000% / 8h | 15m 38s | $2.1M | $722K | 25x |
| Short | Variational Omni BABA | 117.10 | 0.0063 | get 0.0063% / 8h | 15m 38s | $337K | $779K | — |
Bybit BABAUSDT
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bybit. 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
- $13.22
- Price spread: +0.049% → +0.014%
- $3.47
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $5.69
- Costs to cover
- 0.110%
- Break-even
- 4.0 days
Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 23 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 Bybit live order book, 1 min ago | 2.99 bp | 15.8 bp −$16 | 107.6 bp −$1,076 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 23 min ago | 2.53 bp | doesn't fit | 24.9 bp −$249 | 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 | 116.94 | −0.086% | $68K | $37K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 117.04 | long leg | $2.1M | $722K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 117.10 | +0.051% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.08 | +0.034% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.11 | +0.060% | $911 | $3.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.21 | +0.145% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0031% | 8h | 117.15 | +0.098% | $3K | $188K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.10 | +0.051% | $373K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.04 | 0.000% | $435K | $503K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.025% | $11K | $26K | 12x | as long as short |
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 117.03 | −0.009% | $70K | $140K | 10x | as long as short |
| QFEX BABA-USD | +0.0044% | 1h | 117.12 | +0.068% | $1.2M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.00 | −0.034% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.01 | −0.026% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.03 | −0.009% | $231K | $428K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0062% | 1h | 116.95 | −0.077% | $11.8M | $4.4M | 10x | as long as short |
| Variational Omni BABAshort | +0.0063% | 8h | 117.10 | +0.049% | $337K | $779K | — | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.96 | −0.068% | $608K | $386K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.09 | +0.043% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0120% | 1h | 117.05 | +0.012% | $47K | $309K | 10x | as long as short |
| Binance BABAUSDT | +0.0123% | 8h | 117.07 | +0.030% | $15.3M | $32.5M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.15 | +0.094% | $66K | $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
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA