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

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid−0.016%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$910.908% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.347%+$35 on $10k
Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.016%, 7d avg +0.011%
Together, before fees+0.345%+ Points / potential airdropHyperliquid: Season 2 · farm board+$34 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: Binance is 0.027% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BABY0.012750.0100pay 0.0013% / 1h21m 44s$141K$158K3x
ShortBinance BABYUSDT0.012750.0100get 0.0050% / 4h2h 21m$3.8M$6.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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: −0.016% → +0.011%
−$2.7
Slippage, 4 orders
−$71.85
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$93.55
Costs to cover
0.908%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 24 min ago; Binance: live order book, 10 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 Hyperliquid live order book, 24 min ago1.57 bp29.2 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 10 min ago3.92 bp16.9 bp −$17128.7 bp −$1,287doesn'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+0.0079%4h0.01276+0.063%$290K$30K50xas long as short
Hyperliquid BABYlong+0.0100%1h0.01275long leg$141K$158K3x
Aster BABYUSDT+0.0100%4h0.01276+0.044%$5K$11K5xas long as short
Binance BABYUSDTshort+0.0100%4h0.01275−0.016%$3.8M$6.5M50x
Bybit BABYUSDT+0.0100%4h0.01275−0.016%$934K$1.1M25xas long as short
OKX BABY-USDT-SWAP+0.0100%4h0.01273−0.180%$417K$768K10xas long as short
Gate BABY_USDT+0.0100%4h0.01275−0.016%$156K$123K50xas long as short
MEXC BABY_USDT+0.0100%4h0.01275−0.016%$1.1M$295K20xas long as short
KuCoin BABYUSDTM+0.0100%4h0.01275−0.016%$503K$103K30xas long as short
Bitget BABYUSDT+0.0100%4h0.01274−0.094%$524K$552K50xas long as short
Show all 12 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BABY-USDT+0.0100%4h0.01274−0.094%$6.5Mas long as short
Extended BABY-USD+0.0104%1h0.01275−0.004%$5K$267K5xas long as short