Funding you earn now, next payment 07:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.045%
Price spread now: Lighter RH against Variational Omni−0.038%7-day average −0.073% · 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)−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.038%, 7d avg −0.073%
=Together, before fees+0.034%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.035% dearer against Variational Omni than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.073%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 116.93 | 0.0048 | pay 0.0048% / 8h | 1h 18m | $364K | $753K | — |
| Short | Lighter RH BABA | 116.89 | 0.0032 | get 0.0004% / 1h | 18m 43s | $434K | $512K | 10x |
Variational Omni BABA
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$3.38
- Price spread: −0.038% → −0.073%
- $3.48
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $0.11
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 25 min ago; Lighter RH: live order book, 24 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, 25 min ago | 2.52 bp | doesn't fit | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 24 min ago | 2.56 bp | 3.2 bp −$3 | 9.4 bp −$94 | 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 | 117.03 | +0.077% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.90 | −0.030% | $2.1M | $734K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.94 | +0.005% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.92 | −0.012% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.96 | +0.022% | $799 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.10 | +0.142% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0022% | 8h | 116.89 | −0.039% | $2K | $194K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.98 | +0.039% | $372K | $72K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 116.89 | −0.038% | $434K | $512K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.936% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 116.88 | −0.047% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.95 | +0.013% | — | $19K | 10x | as long as short |
| Variational Omni BABAlong | +0.0048% | 8h | 116.93 | long leg | $364K | $753K | — | |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.84 | −0.081% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.89 | −0.038% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.82 | −0.098% | $227K | $421K | 10x | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 116.94 | +0.005% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.87 | −0.055% | $608K | $386K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.94 | +0.005% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0117% | 8h | 116.90 | −0.033% | $15.1M | $32.5M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0120% | 1h | 116.85 | −0.071% | $44K | $308K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 116.84 | −0.081% | $65K | $89K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA