Funding arb · Price arb /

BABY

all BABY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit−0.300%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

costs, in and out, $10k−$1871.874% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.205%+$20 · spread now −0.300%, 7d avg −0.053%

Together, before fees+0.242%+$24 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: Gate is 0.247% cheaper against Bybit than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BABYUSDT	0.01266	0.0100	pay 0.0050% / 4h	3h 14m	$846K	$687K	25x
Short	Gate BABY_USDT	0.01262	0.0100	get 0.0050% / 4h	3h 14m	$143K	$68K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.300%Rate

Funding earned: $0
Price spread: −0.300% → −0.053%: −$24.74
Slippage, 4 orders: −$161.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$212.17
Costs to cover: 1.874%
Break-even: never at this rate

Slippage from Bybit: live order book, 15 min ago; Gate: live order book, 11 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 Bybit live order book, 15 min ago	3.24 bp	48.2 bp −$48	457.6 bp −$4,576	doesn't fit	doesn't fit
Sell Gate live order book, 11 min ago	12.04 bp	43.8 bp −$44	doesn't fit	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
Hyperliquid BABY	+0.0100%	1h	0.01266	+0.008%	$126K	$85K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01263	−0.198%	$7K	$9K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01267	+0.073%	$3.4M	$3.9M	50x	as long as short
Bybit BABYUSDTlong	+0.0100%	4h	0.01266	long leg	$846K	$687K	25x
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01264	−0.134%	$385K	$516K	10x	as long as short
Gate BABY_USDTshort	+0.0100%	4h	0.01262	−0.300%	$143K	$68K	50x
MEXC BABY_USDT	+0.0100%	4h	0.01264	−0.142%	$1.1M	$160K	20x	as long as short
KuCoin BABYUSDTM	+0.0100%	4h	0.01264	−0.142%	$479K	$63K	30x	as long as short
Bitget BABYUSDT	+0.0100%	4h	0.01266	+0.016%	$547K	$222K	50x	as long as short
BingX BABY-USDT	+0.0100%	4h	0.01266	+0.016%	—	$6.5M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BABY-USD	+0.0104%	1h	0.01264	−0.145%	$147	$267K	5x	as long as short
BloFin BABY-USDT	+0.0118%	4h	0.01262	−0.300%	$284K	$29K	50x	as long as short