Funding arb · Price arb /

BABY

all BABY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.007%

Price spread now: BloFin against Hyperliquid−0.097%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$940.944% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.326%+$33 on $10k

Price spread, last 3 days (all we have)+0.180%+$18 · spread now −0.097%, 7d avg +0.022%

Together, before fees+0.506%+ Points / potential airdropHyperliquid: Season 2 · farm board+$51 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 BloFin is 0.119% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.022%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.326%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BABY	0.01235	0.0100	pay 0.0013% / 1h	48m 43s	$126K	$92K	3x
Short	BloFin BABY-USDT	0.01234	0.0071	get 0.0035% / 4h	2h 48m	$253K	$25K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee HyperliquidbpFee BloFinbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$6.11
Price spread: −0.097% → +0.022%: −$11.9
Slippage, 4 orders: −$73.45
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$112.46
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 60 min ago; BloFin: live order book, 12 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 Hyperliquid live order book, 60 min ago	2.02 bp	22.1 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 12 min ago	12.14 bp	32.4 bp −$32	92.4 bp −$924	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
BloFin BABY-USDTshort	+0.0071%	4h	0.01234	−0.097%	$253K	$25K	50x
Hyperliquid BABYlong	+0.0100%	1h	0.01235	long leg	$126K	$92K	3x
Aster BABYUSDT	+0.0100%	4h	0.01235	−0.049%	$5K	$9K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01234	−0.096%	$3.3M	$4.1M	50x	as long as short
Bybit BABYUSDT	+0.0100%	4h	0.01235	−0.057%	$813K	$730K	25x	as long as short
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01233	−0.186%	$365K	$544K	10x	as long as short
Gate BABY_USDT	+0.0100%	4h	0.01233	−0.178%	$142K	$101K	50x	as long as short
MEXC BABY_USDT	+0.0100%	4h	0.01233	−0.178%	$1.1M	$134K	20x	as long as short
KuCoin BABYUSDTM	+0.0100%	4h	0.01232	−0.259%	$446K	$57K	30x	as long as short
Bitget BABYUSDT	+0.0100%	4h	0.01233	−0.178%	$523K	$171K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BABY-USDT	+0.0100%	4h	0.01233	−0.178%	—	$6.5M	—	as long as short
Extended BABY-USD	+0.0104%	1h	0.01234	−0.121%	$1K	$223K	5x	as long as short