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

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.047%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$365as in the Funding arb table
Net, price: spread back to 7d avg − costs−$338as in the Price arb table
costs, in and out, $10k−$3483.481% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.165%−$16 on $10k
Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.047%, 7d avg −0.056%
Together, before fees−0.125%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 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 0.102% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BABYUSDT0.012900.0100pay 0.0050% / 4h1h 59m$949K$1.1M25x
ShortHyperliquid BABY0.012900.0100get 0.0013% / 1h59m 03s$142K$159K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.047% → −0.056%
$10.21
Slippage, 4 orders
−$328.07
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$337.86
Costs to cover
3.481%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 47 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 Bybit live order book, 4 min ago3.50 bp173.7 bp −$174doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 47 min ago1.57 bp21.0 bp −$21doesn't fitdoesn't fitdoesn't fit

BABY on 12 exchanges

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+0.0069%4h0.01285−0.349%$278K$31K50xas long as short
Hyperliquid BABYshort+0.0100%1h0.01290+0.047%$142K$159K3x
Aster BABYUSDT+0.0100%4h0.01290+0.017%$5K$11K5xas long as short
Binance BABYUSDT+0.0100%4h0.01290+0.007%$3.8M$6.6M50xas long as short
Bybit BABYUSDTlong+0.0100%4h0.01290long leg$949K$1.1M25x
OKX BABY-USDT-SWAP+0.0100%4h0.01289−0.070%$425K$789K10xas long as short
Gate BABY_USDT+0.0100%4h0.01290+0.039%$157K$121K50xas long as short
MEXC BABY_USDT+0.0100%4h0.01290+0.039%$1.1M$293K20xas long as short
KuCoin BABYUSDTM+0.0100%4h0.01290+0.039%$509K$102K30xas long as short
Bitget BABYUSDT+0.0100%4h0.01289−0.039%$526K$556K50xas long as short
Show all 12 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BABY-USDT+0.0100%4h0.01289−0.039%$6.5Mas long as short
Extended BABY-USD+0.0104%1h0.01290+0.068%$3K$267K5xas long as short