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: Bybit against KuCoin+0.243%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$837as in the Funding arb table

Net, price: spread back to 7d avg − costs−$814as in the Price arb table

costs, in and out, $10k−$8408.397% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.243%, 7d avg −0.016%

Together, before fees−0.186%−$19 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: Bybit is 0.259% dearer against KuCoin than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.016%.

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 44m	$447K	$57K	30x
Short	Bybit BABYUSDT	0.01237	0.0100	get 0.0050% / 4h	2h 44m	$813K	$725K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.243%Rate

Funding earned: $0
Price spread: +0.243% → −0.016%: $25.91
Slippage, 4 orders: −$816.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$813.82
Costs to cover: 8.397%
Break-even: never at this rate

Slippage from KuCoin: live order book, 67 min ago; Bybit: live order book, 20 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, 67 min ago	16.12 bp	592.4 bp −$592	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 20 min ago	6.03 bp	50.7 bp −$51	247.2 bp −$2,472	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-USDT	+0.0071%	4h	0.01234	0.000%	$253K	$25K	50x	as long as short
Hyperliquid BABY	+0.0100%	1h	0.01237	+0.243%	$126K	$92K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01237	+0.280%	$5K	$9K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01237	+0.272%	$3.3M	$4.1M	50x	as long as short
Bybit BABYUSDTshort	+0.0100%	4h	0.01237	+0.243%	$813K	$725K	25x
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01236	+0.146%	$367K	$547K	10x	as long as short
Gate BABY_USDT	+0.0100%	4h	0.01236	+0.162%	$142K	$102K	50x	as long as short
MEXC BABY_USDT	+0.0100%	4h	0.01236	+0.162%	$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	0.01237	+0.243%	$524K	$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	0.01237	+0.243%	—	$6.5M	—	as long as short
Extended BABY-USD	+0.0104%	1h	0.01237	+0.222%	$1K	$223K	5x	as long as short