Settings8H · net · $10k
Funding arb · Price arb /

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.090%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$950.947% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.383%−$38 on $10k
Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.090%, 7d avg −0.016%
Together, before fees−0.326%+ Points / potential airdropHyperliquid: Season 2 · farm board−$33 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: Hyperliquid is 0.106% dearer against BingX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BABY-USDT0.012250.0100pay 0.0050% / 4h2h 38m$6.5M
ShortHyperliquid BABY0.012260.0100get 0.0013% / 1h38m 41s$124K$94K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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

Funding earned
$0
Price spread: +0.090% → −0.016%
$10.57
Slippage, 4 orders
−$75.74
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$84.17
Costs to cover
0.947%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; Hyperliquid: live order book, 44 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago4.08 bp18.6 bp −$1981.9 bp −$819700.0 bp −$70.0K1184.0 bp −$592.0K
Sell Hyperliquid live order book, 44 min ago1.23 bp17.9 bp −$18doesn't fitdoesn't fitdoesn't fit

BABY on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin BABY-USDT+0.0094%4h0.012250.000%$250K$25K50xas long as short
Hyperliquid BABYshort+0.0100%1h0.01226+0.090%$124K$94K3x
Aster BABYUSDT+0.0100%4h0.01226+0.068%$5K$11K5xas long as short
Binance BABYUSDT+0.0100%4h0.01226+0.078%$3.3M$4.1M50xas long as short
Bybit BABYUSDT+0.0100%4h0.01226+0.082%$815K$774K25xas long as short
OKX BABY-USDT-SWAP+0.0100%4h0.01225−0.041%$363K$522K10xas long as short
Gate BABY_USDT+0.0100%4h0.012250.000%$145K$111K50xas long as short
MEXC BABY_USDT+0.0100%4h0.012250.000%$1.1M$141K20xas long as short
KuCoin BABYUSDTM+0.0100%4h0.012250.000%$429K$51K30xas long as short
Bitget BABYUSDT+0.0100%4h0.01224−0.082%$522K$168K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BABY-USDTlong+0.0100%4h0.01225long leg$6.5M
Extended BABY-USD+0.0104%1h0.01226+0.065%$4K$215K5xas long as short