Funding you earn now, next payment 11:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.027%
Price spread now: Variational Omni against QFEX−0.038%7-day average +0.019% · you buy dearer than you sell
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)+0.033%+$3 · spread now −0.038%, 7d avg +0.019%
=Together, before fees+0.069%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.057% cheaper against QFEX than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.019%). If the spread goes back, that is −$6 on $10k: about 2.5 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.035% in total) that is about 6.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 119.25 | 0.0029 | pay 0.0004% / 1h | 6m 32s | $1.3M | $2.8M | 10x |
| Short | Variational Omni BABA | 119.20 | 0.0104 | get 0.0104% / 8h | 5h 06m | $364K | $642K | — |
QFEX BABA-USD
Variational Omni BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against QFEX. 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
- $15.71
- Price spread: −0.038% → +0.019%
- −$5.71
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $0
- Costs to cover
- 0.100%
- Break-even
- 7.0 days
Slippage unknown: QFEX: live order book, 5 min ago; Variational Omni: RFQ quote, 41 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 QFEX live order book, 5 min ago | 2.10 bp | 7.6 bp −$8 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 41 min ago | 3.17 bp | doesn't fit | 38.2 bp −$382 | doesn't fit | doesn't fit |
BABA on 22 exchanges
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 | 119.37 | +0.104% | $70K | $40K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.33 | +0.067% | $2.1M | $732K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.31 | +0.050% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.27 | +0.017% | $2.3M | $2.2M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.24 | −0.006% | $3K | $184K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.29 | +0.034% | $910 | $2.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.33 | +0.067% | $30K | $19K | 20x | as long as short |
| QFEX BABA-USDlong | +0.0029% | 1h | 119.25 | long leg | $1.3M | $2.8M | 10x | |
| Lighter BABA | +0.0032% | 1h | 119.33 | +0.067% | $383K | $74K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.25 | 0.000% | $403K | $561K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABAShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.860% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.18 | −0.059% | $71K | $104K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.34 | +0.075% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.26 | +0.008% | $12.0M | $4.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.23 | −0.017% | $9K | $167K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.23 | −0.017% | $181K | $479K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.15 | −0.084% | $621K | $560K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.25 | 0.000% | $2K | $798 | 10x | as long as short |
| Variational Omni BABAshort | +0.0104% | 8h | 119.20 | −0.038% | $364K | $642K | — | |
| Extended BABA_24_5-USD | +0.0128% | 1h | 119.23 | −0.016% | $25K | $329K | 10x | as long as short |
| Binance BABAUSDT | +0.0128% | 8h | 119.27 | +0.017% | $15.0M | $34.3M | 20x | as long as short |
| Phoenix BABA | +0.0267% | 1h | 119.35 | +0.084% | $67K | $109K | 10x | as long as short |
Injective BABA/USDC PERP
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
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA