Funding arb · Price arb /

BABY

all BABY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Gate against OKX+0.040%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1411.409% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.040%, 7d avg −0.005%

Together, before fees−0.155%−$16 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: Gate is 0.046% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BABY-USDT-SWAP	0.01239	0.0100	pay 0.0050% / 4h	49m 12s	$366K	$540K	10x
Short	Gate BABY_USDT	0.01239	0.0100	get 0.0050% / 4h	49m 12s	$147K	$110K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → −0.005%: $4.58
Slippage, 4 orders: −$115.92
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$136.34
Costs to cover: 1.409%
Break-even: never at this rate

Slippage from OKX: live order book, 27 min ago; Gate: live order book, 21 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 OKX live order book, 27 min ago	2.44 bp	25.1 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 21 min ago	12.24 bp	45.6 bp −$46	doesn't fit	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
Hyperliquid BABY	+0.0100%	1h	0.01241	+0.170%	$126K	$94K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01240	+0.147%	$5K	$9K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01240	+0.100%	$3.4M	$4.1M	50x	as long as short
Bybit BABYUSDT	+0.0100%	4h	0.01240	+0.145%	$810K	$771K	25x	as long as short
OKX BABY-USDT-SWAPlong	+0.0100%	4h	0.01239	long leg	$366K	$540K	10x
Gate BABY_USDTshort	+0.0100%	4h	0.01239	+0.040%	$147K	$110K	50x
MEXC BABY_USDT	+0.0100%	4h	0.01240	+0.121%	$1.2M	$136K	20x	as long as short
KuCoin BABYUSDTM	+0.0100%	4h	0.01239	+0.040%	$440K	$54K	30x	as long as short
Bitget BABYUSDT	+0.0100%	4h	0.01239	+0.040%	$529K	$171K	50x	as long as short
BingX BABY-USDT	+0.0100%	4h	0.01240	+0.121%	—	$6.5M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BABY-USD	+0.0104%	1h	0.01240	+0.127%	$4K	$215K	5x	as long as short
BloFin BABY-USDT	+0.0152%	4h	0.01240	+0.121%	$258K	$25K	50x	as long as short