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

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid+0.033%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1121.122% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.349%+$35 on $10k
Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.033%, 7d avg +0.006%
Together, before fees+0.176%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 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: Bitget is 0.026% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BABY0.012250.0100pay 0.0013% / 1h51m 52s$124K$94K3x
ShortBitget BABYUSDT0.012250.0100get 0.0050% / 4h1h 51m$522K$168K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.033% → +0.006%
$2.63
Slippage, 4 orders
−$91.16
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$109.52
Costs to cover
1.122%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 17 min ago; Bitget: live order book, 28 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, 17 min ago2.04 bp19.4 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 28 min ago12.24 bp39.7 bp −$40277.9 bp −$2,779doesn'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 BABYlong+0.0100%1h0.01225long leg$124K$94K3x
Aster BABYUSDT+0.0100%4h0.01226+0.081%$5K$9K5xas long as short
Binance BABYUSDT+0.0100%4h0.01225+0.033%$3.3M$4.1M50xas long as short
Bybit BABYUSDT+0.0100%4h0.01225+0.057%$802K$782K25xas long as short
OKX BABY-USDT-SWAP+0.0100%4h0.01225+0.008%$362K$519K10xas long as short
Gate BABY_USDT+0.0100%4h0.01225+0.033%$145K$109K50xas long as short
MEXC BABY_USDT+0.0100%4h0.01224−0.049%$1.1M$136K20xas long as short
KuCoin BABYUSDTM+0.0100%4h0.01224−0.049%$429K$51K30xas long as short
Bitget BABYUSDTshort+0.0100%4h0.01225+0.033%$522K$168K50x
BingX BABY-USDT+0.0100%4h0.01226+0.114%$6.5Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended BABY-USD+0.0104%1h0.01225+0.017%$4K$215K5xas long as short
BloFin BABY-USDT+0.0150%4h0.01227+0.196%$253K$25K50xas long as short