Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.006%
Price spread now: Ondo Perps against Variational Omni−0.056%7-day average −0.108% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.045%+$4 on $10k
+Price spread, last 3 days (all we have)−0.049%−$5 · spread now −0.056%, 7d avg −0.108%
=Together, before fees−0.005%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.052% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.108%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BABA | 115.96 | 0 | get 0.0000% / 8h | 1h 49m | $300K | $620K | — |
| Short | Ondo Perps BABA-USD.P | 115.89 | 0.0050 | get 0.0006% / 1h | 49m 26s | $249K | $336K | 10x |
Variational Omni BABA
Ondo Perps BABA-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $10.58
- Price spread: −0.056% → −0.108%
- $5.17
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $10.75
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 35 min ago; Ondo Perps: no order-book sample. 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, 35 min ago | 2.54 bp | doesn't fit | 36.8 bp −$368 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
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 | 116.00 | +0.039% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 115.90 | −0.048% | $2.2M | $614K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 115.94 | −0.013% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 115.95 | −0.004% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABAlong | 0.0000% | 8h | 115.96 | long leg | $300K | $620K | — | |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 115.97 | +0.013% | $3K | $261K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 115.96 | +0.004% | $699 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.02 | +0.056% | $37K | $2K | 20x | as long as short |
| Binance BABAUSDT | +0.0012% | 8h | 115.95 | −0.004% | $15.3M | $21.1M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0016% | 1h | 115.93 | −0.020% | $42K | $383K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Binance BABAUSDT
Extended BABA_24_5-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BABA | +0.0032% | 1h | 116.08 | +0.108% | $384K | $49K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 115.91 | −0.039% | $445K | $590K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.099% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 115.94 | −0.013% | $1.2M | $5.1M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 115.89 | −0.056% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 115.91 | −0.039% | $12.1M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.85 | −0.091% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.Pshort | +0.0050% | 1h | 115.89 | −0.056% | $249K | $336K | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.87 | −0.073% | $601K | $657K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 115.95 | −0.004% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 115.93 | −0.022% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0462% | 1h | 115.94 | −0.013% | $79K | $93K | 10x | as long as short |
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
QFEX BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD