Funding arb · Price arb /

BABY

all BABY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin0.000%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$766as in the Funding arb table

Net, price: spread back to 7d avg − costs−$791as in the Price arb table

costs, in and out, $10k−$7957.947% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.288%+$29 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now 0.000%, 7d avg −0.034%

Together, before fees+0.274%+$27 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: BingX is 0.034% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BABYUSDTM	0.01234	0.0100	pay 0.0050% / 4h	2h 40m	$447K	$57K	30x
Short	BingX BABY-USDT	0.01234	0.0100	get 0.0050% / 4h	2h 40m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.034%: $3.39
Slippage, 4 orders: −$772.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$791.33
Costs to cover: 7.947%
Break-even: never at this rate

Slippage from KuCoin: live order book, 71 min ago; BingX: live order book, 10 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 KuCoin live order book, 71 min ago	16.12 bp	592.4 bp −$592	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	8.11 bp	31.9 bp −$32	103.7 bp −$1,037	562.3 bp −$56.2K	1212.7 bp −$606.4K

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-USDT	+0.0071%	4h	0.01234	0.000%	$253K	$25K	50x	as long as short
Hyperliquid BABY	+0.0100%	1h	0.01235	+0.065%	$125K	$92K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01235	+0.047%	$5K	$9K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01234	−0.006%	$3.3M	$4.1M	50x	as long as short
Bybit BABYUSDT	+0.0100%	4h	0.01234	−0.024%	$810K	$727K	25x	as long as short
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01233	−0.081%	$366K	$546K	10x	as long as short
Gate BABY_USDT	+0.0100%	4h	0.01234	0.000%	$141K	$102K	50x	as long as short
MEXC BABY_USDT	+0.0100%	4h	0.01233	−0.081%	$1.1M	$135K	20x	as long as short
KuCoin BABYUSDTMlong	+0.0100%	4h	0.01234	long leg	$447K	$57K	30x
Bitget BABYUSDT	+0.0100%	4h	0.01234	0.000%	$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-USDTshort	+0.0100%	4h	0.01234	0.000%	—	$6.5M	—
Extended BABY-USD	+0.0104%	1h	0.01234	−0.023%	$1K	$223K	5x	as long as short