BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.037%

Price spread now: QFEX against Variational Omni−0.011%7-day average −0.021% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.011%, 7d avg −0.021%

Together, before fees−0.015%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: $0 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	118.39	0.0065	pay 0.0065% / 8h	3h 21m	$266K	$658K	—
Short	QFEX BABA-USD	118.38	0.0056	get 0.0007% / 1h	21m 58s	$1.2M	$3.8M	10x

Funding history

latest

Range statsloading…

QFEX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee Variational OmnibpFee QFEXbpOrdersPrice spread, now −0.011%Rate

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; QFEX: live order book, 6 min ago. Net counts fees only.

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, 32 min ago	4.57 bp	doesn't fit	29.6 bp −$296	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.69 bp	6.7 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit

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	118.35	−0.036%	$70K	$35K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	118.41	+0.014%	$2.1M	$706K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.41	+0.014%	$1.5M	$2.0M	50x	as long as short
SunX BABA-USDT	0.0000%	8h	118.42	+0.023%	$853	$3.4M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	118.55	+0.133%	$30K	$18K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0016%	8h	118.44	+0.039%	$3K	$193K	10x	as long as short
Lighter BABA	+0.0032%	1h	118.49	+0.082%	$377K	$73K	10x	as long as short
Lighter RH BABA	+0.0032%	1h	118.40	+0.006%	$438K	$508K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−2.156%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	118.36	−0.028%	$72K	$109K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERP	+0.0046%	1h	118.45	+0.048%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	118.33	−0.053%	$12.0M	$4.2M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	118.34	−0.045%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	118.25	−0.121%	$238K	$405K	10x	as long as short
QFEX BABA-USDshort	+0.0056%	1h	118.38	−0.011%	$1.2M	$3.8M	10x
Variational Omni BABAlong	+0.0065%	8h	118.39	long leg	$266K	$658K	—
KuCoin BABAUSDTM	+0.0100%	8h	118.35	−0.036%	$616K	$459K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.38	−0.011%	$2K	$798	10x	as long as short
Binance BABAUSDT	+0.0135%	8h	118.40	+0.009%	$15.7M	$30.7M	20x	as long as short
Extended BABA_24_5-USD	+0.0136%	1h	118.35	−0.034%	$43K	$354K	10x	as long as short
Phoenix BABA	+0.0203%	1h	118.38	−0.011%	$66K	$90K	10x	as long as short
Bitget BABAUSDT	+0.0292%	8h	118.40	+0.006%	$2.4M	$1.7M	20x	as long as short