Funding arb · Price arb /

BABY

all BABY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Hyperliquid+0.043%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1061.055% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.347%+$35 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.043%, 7d avg +0.007%

Together, before fees+0.286%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 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: Binance is 0.036% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BABY	0.01255	0.0100	pay 0.0013% / 1h	19m 08s	$126K	$91K	3x
Short	Binance BABYUSDT	0.01256	0.0100	get 0.0050% / 4h	19m 08s	$3.3M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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 HyperliquidbpFee BinancebpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.007%: $3.56
Slippage, 4 orders: −$86.51
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$101.95
Costs to cover: 1.055%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 70 min ago; Binance: live order book, 3 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 Hyperliquid live order book, 70 min ago	2.00 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	3.98 bp	29.6 bp −$30	147.4 bp −$1,474	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	+0.0043%	4h	0.01257	+0.135%	$271K	$26K	50x	as long as short
Hyperliquid BABYlong	+0.0100%	1h	0.01255	long leg	$126K	$91K	3x
Aster BABYUSDT	+0.0100%	4h	0.01256	+0.046%	$6K	$9K	5x	as long as short
Binance BABYUSDTshort	+0.0100%	4h	0.01256	+0.043%	$3.3M	$4.0M	50x
Bybit BABYUSDT	+0.0100%	4h	0.01256	+0.040%	$817K	$704K	25x	as long as short
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01255	−0.056%	$374K	$521K	10x	as long as short
Gate BABY_USDT	+0.0100%	4h	0.01256	+0.056%	$146K	$92K	50x	as long as short
MEXC BABY_USDT	+0.0100%	4h	0.01255	−0.024%	$1.2M	$138K	20x	as long as short
KuCoin BABYUSDTM	+0.0100%	4h	0.01256	+0.056%	$462K	$64K	30x	as long as short
Bitget BABYUSDT	+0.0100%	4h	0.01256	+0.056%	$513K	$170K	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	0.01256	+0.056%	—	$6.5M	—	as long as short
Extended BABY-USD	+0.0104%	1h	0.01256	+0.017%	$1K	$228K	5x	as long as short