Funding you earn now, next payment 02:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.045%
Price spread now: Variational Omni against Lighter RH+0.345%7-day average +0.072% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.438%−$44 · spread now +0.345%, 7d avg +0.072%
=Together, before fees−0.416%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.273% dearer against Lighter RH than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BABA | 116.83 | 0.0032 | pay 0.0004% / 1h | 17m 05s | $423K | $499K | 10x |
| Short | Variational Omni BABA | 117.23 | 0.0138 | get 0.0138% / 8h | 6h 17m | $264K | $658K | — |
Lighter RH BABA
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Lighter RH. 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
- $22.29
- Price spread: +0.345% → +0.072%
- $27.28
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $49.57
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 50 min ago; Variational Omni: RFQ quote, 52 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 Lighter RH live order book, 50 min ago | 2.14 bp | 2.5 bp −$2 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 52 min ago | 3.21 bp | doesn't fit | 17.9 bp −$179 | 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 | 116.98 | +0.132% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.91 | +0.068% | $2.1M | $556K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.89 | +0.051% | $1.5M | $1.6M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.87 | +0.034% | $731 | $3.8M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.22 | +0.334% | $37K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0003% | 8h | 117.21 | +0.328% | $3K | $224K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.93 | +0.086% | $385K | $45K | 10x | as long as short |
| Lighter RH BABAlong | +0.0032% | 1h | 116.83 | long leg | $423K | $499K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.847% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 116.86 | +0.026% | $1.2M | $4.5M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Injective BABA/USDC PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 117.01 | +0.154% | $74K | $100K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.85 | +0.017% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.76 | −0.060% | $12.1M | $3.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.81 | −0.017% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.60 | −0.197% | $242K | $366K | 10x | as long as short |
| Bitget BABAUSDT | +0.0087% | 8h | 116.91 | +0.068% | $2.5M | $1.3M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.78 | −0.043% | $608K | $529K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.88 | +0.043% | $2K | $798 | 10x | as long as short |
| Variational Omni BABAshort | +0.0138% | 8h | 117.23 | +0.345% | $264K | $658K | — | |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.85 | +0.017% | $43K | $366K | 10x | as long as short |
| Binance BABAUSDT | +0.0193% | 8h | 116.88 | +0.043% | $15.7M | $23.5M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.83 | 0.000% | $65K | $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
Bitget BABAUSDT
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA