Funding you earn now, next payment 08:00 UTC−0.0129%/8h= −14.2% APRnext payment −$1.29 per $10,000 · paid last 24h −0.054%
Price spread now: Gate against Variational Omni+0.124%7-day average −0.011% · 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)+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.124%, 7d avg −0.011%
=Together, before fees+0.009%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.135% dearer against Variational Omni than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of −0.011%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 117.88 | 0.0129 | pay 0.0129% / 8h | 6h 04m | $265K | $658K | — |
| Short | Gate BABA_USDT | 118.03 | 0 | get 0.0000% / 8h | 6h 04m | $1.5M | $1.6M | 50x |
Variational Omni BABA
Gate BABA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$27.17
- Price spread: +0.124% → −0.011%
- $13.48
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$28.69
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 64 min ago; Gate: live order book, 3 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, 64 min ago | 3.21 bp | doesn't fit | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.82 bp | 11.7 bp −$12 | 151.4 bp −$1,514 | 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 | 117.99 | +0.086% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.12 | +0.200% | $2.2M | $564K | 25x | as long as short |
| Gate BABA_USDTshort | 0.0000% | 8h | 118.03 | +0.124% | $1.5M | $1.6M | 50x | |
| SunX BABA-USDT | 0.0000% | 8h | 118.03 | +0.124% | $975 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.98 | +0.081% | $38K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0016% | 8h | 117.77 | −0.093% | $3K | $223K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.17 | +0.242% | $389K | $46K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.02 | +0.115% | $427K | $502K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.734% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.95 | +0.056% | $1.2M | $4.4M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH 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 | 117.82 | −0.055% | $72K | $109K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.99 | +0.090% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.01 | +0.107% | $12.2M | $3.5M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.94 | +0.047% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.97 | +0.073% | $241K | $370K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.92 | +0.030% | $615K | $524K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.01 | +0.107% | $2K | $798 | 10x | as long as short |
| Variational Omni BABAlong | +0.0129% | 8h | 117.88 | long leg | $265K | $658K | — | |
| Bitget BABAUSDT | +0.0155% | 8h | 118.05 | +0.141% | $2.5M | $1.3M | 20x | as long as short |
| Binance BABAUSDT | +0.0186% | 8h | 118.07 | +0.157% | $15.7M | $23.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 118.02 | +0.117% | $45K | $368K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.94 | −0.801% | $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
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Bitget BABAUSDT
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA