Funding you earn now, next payment 07:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.043%
Price spread now: Lighter against Variational Omni+0.089%7-day average +0.071% · 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)+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.089%, 7d avg +0.071%
=Together, before fees+0.094%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 117.27 | 0.0087 | pay 0.0087% / 8h | 1h 48m | $264K | $658K | — |
| Short | Lighter BABA | 117.37 | 0.0032 | get 0.0004% / 1h | 48m 19s | $373K | $72K | 10x |
Variational Omni BABA
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$11.46
- Price spread: +0.089% → +0.071%
- $1.76
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.7
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 61 min ago; Lighter: live order book, 51 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, 61 min ago | 3.89 bp | doesn't fit | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 51 min ago | 11.41 bp | 22.6 bp −$23 | 25.0 bp −$250 | 69.8 bp −$6,982 | 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 | 117.42 | +0.135% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.27 | +0.004% | $2.1M | $732K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.29 | +0.021% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.27 | +0.004% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.29 | +0.021% | $715 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.32 | +0.046% | $30K | $19K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 117.37 | +0.089% | $373K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.26 | −0.005% | $435K | $510K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.216% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.24 | −0.022% | $71K | $110K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
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 | 117.32 | +0.046% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.22 | −0.039% | $11.8M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.22 | −0.039% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.23 | −0.030% | $225K | $418K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0059% | 8h | 117.30 | +0.029% | $2K | $193K | 10x | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 117.27 | +0.004% | $1.2M | $3.1M | 10x | as long as short |
| Variational Omni BABAlong | +0.0087% | 8h | 117.27 | long leg | $264K | $658K | — | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.25 | −0.013% | $610K | $409K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.27 | +0.004% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0150% | 8h | 117.28 | +0.012% | $15.3M | $32.0M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0152% | 1h | 117.25 | −0.015% | $44K | $352K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 117.32 | +0.046% | $66K | $89K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA