Funding arb · Price arb /

BABY

all BABY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance+0.005%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1521.520% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.229%−$23 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.005%, 7d avg +0.045%

Together, before fees−0.218%−$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.040% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BABYUSDT	0.01244	0.0100	pay 0.0050% / 4h	0m 36s	$3.4M	$4.1M	50x
Short	Bybit BABYUSDT	0.01244	0.0100	get 0.0050% / 4h	0m 36s	$813K	$771K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → +0.045%: −$4.01
Slippage, 4 orders: −$131.05
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$156.05
Costs to cover: 1.520%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 9 min ago.

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 Binance live order book, 6 min ago	4.04 bp	24.0 bp −$24	235.4 bp −$2,354	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	2.83 bp	54.5 bp −$55	277.8 bp −$2,778	doesn't fit	doesn't fit

BABY on 12 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
BloFin BABY-USDT	+0.0049%	4h	0.01240	−0.284%	$254K	$25K	50x	as long as short
Hyperliquid BABY	+0.0100%	1h	0.01244	+0.038%	$126K	$94K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01243	−0.055%	$6K	$9K	5x	as long as short
Binance BABYUSDTlong	+0.0100%	4h	0.01244	long leg	$3.4M	$4.1M	50x
Bybit BABYUSDTshort	+0.0100%	4h	0.01244	+0.005%	$813K	$771K	25x
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01242	−0.123%	$368K	$537K	10x	as long as short
Gate BABY_USDT	+0.0100%	4h	0.01242	−0.123%	$150K	$113K	50x	as long as short
MEXC BABY_USDT	+0.0100%	4h	0.01243	−0.043%	$1.2M	$139K	20x	as long as short
KuCoin BABYUSDTM	+0.0100%	4h	0.01241	−0.204%	$441K	$53K	30x	as long as short
Bitget BABYUSDT	+0.0100%	4h	0.01243	−0.043%	$531K	$170K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BABY-USDT	+0.0100%	4h	0.01243	−0.043%	—	$6.5M	—	as long as short
Extended BABY-USD	+0.0104%	1h	0.01243	−0.063%	$4K	$215K	5x	as long as short