Funding arb · Price arb /

BABY

all BABY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate+0.097%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1921.916% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.097%, 7d avg +0.052%

Together, before fees−0.177%−$18 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 0.045% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BABY_USDT	0.01237	0.0100	pay 0.0050% / 4h	12m 05s	$140K	$70K	50x
Short	Bybit BABYUSDT	0.01238	0.0100	get 0.0050% / 4h	12m 05s	$831K	$682K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee BybitbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.052%: $4.47
Slippage, 4 orders: −$165.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$187.16
Costs to cover: 1.916%
Break-even: never at this rate

Slippage from Gate: live order book, 18 min ago; Bybit: live order book, 23 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 Gate live order book, 18 min ago	8.10 bp	48.5 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 23 min ago	4.45 bp	51.6 bp −$52	294.6 bp −$2,946	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	+0.0064%	4h	0.01236	−0.081%	$279K	$28K	50x	as long as short
Hyperliquid BABY	+0.0100%	1h	0.01239	+0.146%	$123K	$88K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01237	+0.029%	$7K	$8K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01238	+0.081%	$3.3M	$3.9M	50x	as long as short
Bybit BABYUSDTshort	+0.0100%	4h	0.01238	+0.097%	$831K	$682K	25x
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01237	+0.024%	$376K	$497K	10x	as long as short
Gate BABY_USDTlong	+0.0100%	4h	0.01237	long leg	$140K	$70K	50x
MEXC BABY_USDT	+0.0100%	4h	0.01238	+0.081%	$1.1M	$158K	20x	as long as short
KuCoin BABYUSDTM	+0.0100%	4h	0.01236	−0.081%	$469K	$63K	30x	as long as short
Bitget BABYUSDT	+0.0100%	4h	0.01237	0.000%	$503K	$190K	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	0.000%	—	$6.5M	—	as long as short
Extended BABY-USD	+0.0104%	1h	0.01238	+0.054%	$136	$273K	5x	as long as short