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

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.088%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$1021.023% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.383%−$38 on $10k
Price spread, last 4 days (all we have)+0.284%+$28 · spread now +0.088%, 7d avg −0.012%
Together, before fees−0.099%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 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: Hyperliquid is 0.100% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BABY-USDT0.012480.0100pay 0.0050% / 4h1h 10m$6.5M
ShortHyperliquid BABY0.012490.0100get 0.0013% / 1h10m 36s$126K$91K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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
Price spread: +0.088% → −0.012%
$9.97
Slippage, 4 orders
−$83.25
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$92.28
Costs to cover
1.023%
Break-even
never at this rate
Slippage from BingX: live order book, 5 min ago; Hyperliquid: live order book, 18 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 BingX live order book, 5 min ago4.01 bp21.4 bp −$21108.5 bp −$1,085689.8 bp −$69.0Kdoesn't fit
Sell Hyperliquid live order book, 18 min ago2.00 bp21.1 bp −$21doesn'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+0.0071%4h0.01247−0.080%$271K$25K50xas long as short
Hyperliquid BABYshort+0.0100%1h0.01249+0.088%$126K$91K3x
Aster BABYUSDT+0.0100%4h0.01248−0.025%$6K$9K5xas long as short
Binance BABYUSDT+0.0100%4h0.012480.000%$3.3M$4.0M50xas long as short
Bybit BABYUSDT+0.0100%4h0.01248−0.016%$804K$709K25xas long as short
OKX BABY-USDT-SWAP+0.0100%4h0.01247−0.080%$373K$520K10xas long as short
Gate BABY_USDT+0.0100%4h0.01246−0.160%$142K$91K50xas long as short
MEXC BABY_USDT+0.0100%4h0.012480.000%$1.2M$143K20xas long as short
KuCoin BABYUSDTM+0.0100%4h0.01249+0.080%$460K$64K30xas long as short
Bitget BABYUSDT+0.0100%4h0.01247−0.080%$510K$174K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BABY-USDTlong+0.0100%4h0.01248long leg$6.5M
Extended BABY-USD+0.0104%1h0.01248−0.024%$5K$225K5xas long as short