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

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid−0.008%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,317as in the Price arb table
costs, in and out, $10k−$1,31113.115% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.095%+$9 on $10k
Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.008%, 7d avg +0.046%
Together, before fees+0.064%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 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: KuCoin is 0.054% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BABY0.012440.0100pay 0.0013% / 1h25m 43s$122K$86K3x
ShortKuCoin BABYUSDTM0.012440.0100get 0.0050% / 4h2h 25m$458K$65K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. 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: −0.008% → +0.046%
−$5.37
Slippage, 4 orders
−$1,290.49
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,316.86
Costs to cover
13.115%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 43 min ago; KuCoin: live order book, 33 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 Hyperliquid live order book, 43 min ago2.81 bp30.3 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 33 min ago24.12 bp366.4 bp −$366doesn'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 BABYlong+0.0100%1h0.01244long leg$122K$86K3x
Aster BABYUSDT+0.0100%4h0.01244+0.023%$7K$10K5xas long as short
Binance BABYUSDT+0.0100%4h0.01245+0.038%$3.3M$3.8M50xas long as short
Bybit BABYUSDT+0.0100%4h0.01246+0.129%$841K$673K25xas long as short
OKX BABY-USDT-SWAP+0.0100%4h0.01245+0.040%$370K$496K10xas long as short
Gate BABY_USDT+0.0100%4h0.01244−0.008%$143K$80K50xas long as short
MEXC BABY_USDT+0.0100%4h0.01243−0.088%$1.1M$138K20xas long as short
KuCoin BABYUSDTMshort+0.0100%4h0.01244−0.008%$458K$65K30x
Bitget BABYUSDT+0.0100%4h0.01244−0.008%$517K$154K50xas long as short
BingX BABY-USDT+0.0100%4h0.01243−0.088%$6.5Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended BABY-USD+0.0104%1h0.01244−0.042%$4K$201K5xas long as short
BloFin BABY-USDT+0.0120%4h0.01241−0.249%$277K$28K50xas long as short