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: OKX against Gate+0.161%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1461.465% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.161%, 7d avg +0.002%

Together, before fees−0.055%−$5 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: OKX is 0.159% dearer against Gate than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BABY_USDT	0.01241	0.0100	pay 0.0050% / 4h	1h 51m	$139K	$68K	50x
Short	OKX BABY-USDT-SWAP	0.01243	0.0100	get 0.0050% / 4h	1h 51m	$371K	$502K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → +0.002%: $15.87
Slippage, 4 orders: −$121.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$130.58
Costs to cover: 1.465%
Break-even: never at this rate

Slippage from Gate: live order book, 49 min ago; OKX: live order book, 55 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, 49 min ago	8.03 bp	40.9 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 55 min ago	0.40 bp	33.2 bp −$33	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	0.01244	+0.258%	$123K	$89K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01243	+0.182%	$7K	$10K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01244	+0.242%	$3.3M	$3.9M	50x	as long as short
Bybit BABYUSDT	+0.0100%	4h	0.01243	+0.185%	$832K	$692K	25x	as long as short
OKX BABY-USDT-SWAPshort	+0.0100%	4h	0.01243	+0.161%	$371K	$502K	10x
Gate BABY_USDTlong	+0.0100%	4h	0.01241	long leg	$139K	$68K	50x
MEXC BABY_USDT	+0.0100%	4h	0.01243	+0.161%	$1.1M	$148K	20x	as long as short
KuCoin BABYUSDTM	+0.0100%	4h	0.01242	+0.081%	$457K	$65K	30x	as long as short
Bitget BABYUSDT	+0.0100%	4h	0.01243	+0.161%	$522K	$157K	50x	as long as short
BingX BABY-USDT	+0.0100%	4h	0.01243	+0.161%	—	$6.5M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BABY-USDT	+0.0104%	4h	0.01245	+0.322%	$279K	$28K	50x	as long as short
Extended BABY-USD	+0.0104%	1h	0.01242	+0.066%	$610	$204K	5x	as long as short