Funding you earn now, next payment 05:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.039%
Price spread now: Variational Omni against Ondo Perps+0.054%7-day average +0.115% · 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)−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.054%, 7d avg +0.115%
=Together, before fees+0.016%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.061% cheaper against Ondo Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BABA-USD.P | 118.10 | 0.0050 | pay 0.0006% / 1h | 46m 33s | $238K | $405K | 10x |
| Short | Variational Omni BABA | 118.16 | 0.0053 | get 0.0053% / 8h | 3h 46m | $266K | $658K | — |
Ondo Perps BABA-USD.P
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Ondo Perps. 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
- $0.55
- Price spread: +0.054% → +0.115%
- −$6.1
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$10.55
- Costs to cover
- 0.050%
- Break-even
- 141.3 days
Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 7 min ago | 4.57 bp | doesn't fit | 19.5 bp −$195 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 118.16 | +0.047% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.23 | +0.110% | $2.1M | $704K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.23 | +0.110% | $1.5M | $1.9M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.13 | +0.023% | $3K | $193K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.20 | +0.085% | $803 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.22 | +0.102% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.30 | +0.169% | $376K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.26 | +0.135% | $437K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.914% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.12 | +0.017% | $72K | $109K | 10x | as long as short |
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 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 | 118.15 | +0.042% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.18 | +0.068% | $11.9M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.08 | −0.017% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 118.10 | long leg | $238K | $405K | 10x | |
| Variational Omni BABAshort | +0.0053% | 8h | 118.16 | +0.054% | $266K | $658K | — | |
| QFEX BABA-USD | +0.0056% | 1h | 118.26 | +0.135% | $1.2M | $4.0M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.12 | +0.017% | $616K | $460K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.19 | +0.076% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 118.24 | +0.115% | $43K | $358K | 10x | as long as short |
| Binance BABAUSDT | +0.0130% | 8h | 118.27 | +0.147% | $15.6M | $30.6M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.08 | −0.017% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0351% | 8h | 118.22 | +0.102% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT