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

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget+0.331%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$1121.118% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.349%−$35 on $10k
Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.331%, 7d avg +0.003%
Together, before fees−0.395%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 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 0.329% dearer against Bitget than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BABYUSDT0.012680.0100pay 0.0050% / 4h3h 01m$531K$279K50x
ShortHyperliquid BABY0.012720.0100get 0.0013% / 1h1m 40s$129K$103K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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: +0.331% → +0.003%
$32.87
Slippage, 4 orders
−$90.76
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$78.89
Costs to cover
1.118%
Break-even
never at this rate
Slippage from Bitget: live order book, 28 min ago; Hyperliquid: live order book, 37 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 Bitget live order book, 28 min ago8.10 bp32.9 bp −$33350.7 bp −$3,507doesn't fitdoesn't fit
Sell Hyperliquid live order book, 37 min ago1.21 bp21.5 bp −$22doesn'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
Hyperliquid BABYshort+0.0100%1h0.01272+0.331%$129K$103K3x
Aster BABYUSDT+0.0100%4h0.01272+0.313%$5K$10K5xas long as short
Binance BABYUSDT+0.0100%4h0.01270+0.197%$3.5M$4.3M50xas long as short
Bybit BABYUSDT+0.0100%4h0.01267−0.055%$846K$748K25xas long as short
OKX BABY-USDT-SWAP+0.0100%4h0.01267−0.087%$396K$565K10xas long as short
Gate BABY_USDT+0.0100%4h0.01270+0.158%$147K$75K50xas long as short
MEXC BABY_USDT+0.0100%4h0.01269+0.079%$1.2M$169K20xas long as short
KuCoin BABYUSDTM+0.0100%4h0.01269+0.079%$477K$85K30xas long as short
Bitget BABYUSDTlong+0.0100%4h0.01268long leg$531K$279K50x
BingX BABY-USDT+0.0100%4h0.012680.000%$6.5Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin BABY-USDT+0.0101%4h0.01265−0.237%$286K$30K50xas long as short
Extended BABY-USD+0.0104%1h0.01268−0.009%$147$267K5xas long as short