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

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.002%
Price spread now: Hyperliquid against BloFin−0.057%107s7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$890.885% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.329%−$33 on $10k
Price spread, last 3 days (all we have)−0.144%−$14 · spread now −0.057%, 7d avg −0.024%
Together, before fees−0.473%+ Points / potential airdropHyperliquid: Season 2 · farm board−$47 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.033% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BABY-USDT0.012280.0140pay 0.0070% / 4h1h 35m$260K$25K50x
ShortHyperliquid BABY0.012270.0100get 0.0013% / 1h35m 24s$124K$94K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
−$8.42
Price spread: −0.057% → −0.024%
−$3.33
Slippage, 4 orders
−$67.51
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$100.25
Costs to cover
0.885%
Break-even
never at this rate
Slippage from BloFin: live order book, 41 min ago; Hyperliquid: live order book, 34 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 BloFin live order book, 41 min ago8.16 bp18.4 bp −$1853.1 bp −$531doesn't fitdoesn't fit
Sell Hyperliquid live order book, 34 min ago2.04 bp20.9 bp −$21doesn'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
Hyperliquid BABYshort+0.0100%1h0.01227−0.057%$124K$94K3x
Aster BABYUSDT+0.0100%4h0.01227−0.079%$5K$9K5xas long as short
Binance BABYUSDT+0.0100%4h0.01227−0.048%$3.3M$4.1M50xas long as short
Bybit BABYUSDT+0.0100%4h0.01226−0.171%$803K$785K25xas long as short
OKX BABY-USDT-SWAP+0.0100%4h0.01228−0.033%$362K$526K10xas long as short
Gate BABY_USDT+0.0100%4h0.01225−0.244%$145K$110K50xas long as short
MEXC BABY_USDT+0.0100%4h0.01227−0.081%$1.1M$137K20xas long as short
KuCoin BABYUSDTM+0.0100%4h0.01225−0.244%$429K$52K30xas long as short
Bitget BABYUSDT+0.0100%4h0.01227−0.081%$522K$167K50xas long as short
BingX BABY-USDT+0.0100%4h0.01226−0.163%$6.5Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended BABY-USD+0.0104%1h0.01226−0.139%$4K$215K5xas long as short
BloFin BABY-USDTlong+0.0140%4h0.01228long leg$260K$25K50x