BABA Funding Rate — perpetuals across 12 venues
TradFi perpetual · compared across 12 venues · net of estimated fees · updated every few minutes
BABA is an equity-linked perpetual referencing BABA, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.
Live annualized BABA perpetual funding across all 12 venues Perpia tracks. Right now BABA funding is positive on 9 and negative on 0, ranging from +29.8% on Variational to +0.0% on Aster — a spread of 29.8%. The widest delta-neutral trade is long Bybit / short Variational at 26.9% net APR.
BABA funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
BABA funding rate by venue
44 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Variational↗ | +29.8% | 8h |
| Arcus↗ | +27.3% | 1h |
| trade.xyz↗ | +24.6% | 1h |
| Hyperliquid↗ | +24.2% | 1h |
| Lighter↗ | +14.9% | 8h |
| Bitget↗ | +11.6% | 8h |
| KuCoin↗ | +10.9% | 8h |
| Gate.io↗ | +6.0% | 8h |
| Ondo Perps | +5.5% | 1h |
| Bybit↗ | +0.0% | 8h |
| Ostium↗ | +0.0% | 1h |
| Aster↗ | +0.0% | 8h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bybit vs Variational page.
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BABA funding — FAQ
Is BABA funding positive right now?
BABA perpetual funding is positive on 9 of 12 venues Perpia tracks. The highest is +29.8% on Variational; the lowest is +0.0% on Aster.
What is the best BABA funding arbitrage right now?
Go long Bybit and short Variational for about 26.9% net APR after fees — the widest delta-neutral BABA spread Perpia currently sees.
Which exchange has the highest BABA funding rate?
Variational, at +29.8% annualized. Funding shifts continuously, so check the live table above before trading.
How BABA funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to BABA
Markets also quoted on both Bybit and Variational — the same two exchanges you would already have funded for the BABA trade.
See every spread between them on the Bybit vs Variational page.