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

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Hyperliquid+0.178%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1211.207% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.343%+$34 on $10k
Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.178%, 7d avg −0.023%
Together, before fees+0.082%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$8 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: Extended is 0.201% dearer against Hyperliquid than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BABY0.012410.0100pay 0.0013% / 1h16m 13s$126K$94K3x
ShortExtended BABY-USD0.012430.0104get 0.0013% / 1h16m 13s$1K$221K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.178% → −0.023%
$20.07
Slippage, 4 orders
−$106.67
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$99.75
Costs to cover
1.207%
Break-even
838.3 days
Slippage from Hyperliquid: live order book, 33 min ago; Extended: live order book, 56 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, 33 min ago2.02 bp22.1 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 56 min ago6.07 bp49.0 bp −$49doesn't fitdoesn'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
BloFin BABY-USDT+0.0051%4h0.01240−0.064%$254K$25K50xas long as short
Hyperliquid BABYlong+0.0100%1h0.01241long leg$126K$94K3x
Aster BABYUSDT+0.0100%4h0.01240−0.041%$5K$9K5xas long as short
Binance BABYUSDT+0.0100%4h0.01243+0.201%$3.4M$4.1M50xas long as short
Bybit BABYUSDT+0.0100%4h0.01243+0.201%$812K$726K25xas long as short
OKX BABY-USDT-SWAP+0.0100%4h0.01242+0.121%$370K$539K10xas long as short
Gate BABY_USDT+0.0100%4h0.01239−0.145%$147K$109K50xas long as short
MEXC BABY_USDT+0.0100%4h0.01243+0.177%$1.2M$139K20xas long as short
KuCoin BABYUSDTM+0.0100%4h0.01242+0.097%$440K$57K30xas long as short
Bitget BABYUSDT+0.0100%4h0.01242+0.097%$528K$170K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BABY-USDT+0.0100%4h0.01243+0.177%$6.5Mas long as short
Extended BABY-USDshort+0.0104%1h0.01243+0.178%$1K$221K5x