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 KuCoin+0.096%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$733as in the Funding arb table

Net, price: spread back to 7d avg − costs−$726as in the Price arb table

costs, in and out, $10k−$7387.376% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.096%, 7d avg −0.015%

Together, before fees−0.019%−$2 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 0.111% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BABYUSDTM	0.01253	0.0100	pay 0.0050% / 4h	3h 41m	$461K	$64K	30x
Short	Bybit BABYUSDT	0.01254	0.0100	get 0.0050% / 4h	3h 41m	$828K	$666K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → −0.015%: $11.12
Slippage, 4 orders: −$714.6
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$726.48
Costs to cover: 7.376%
Break-even: never at this rate

Slippage from KuCoin: live order book, 32 min ago; Bybit: live order book, 9 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 KuCoin live order book, 32 min ago	27.81 bp	267.3 bp −$267	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	2.79 bp	50.3 bp −$50	284.9 bp −$2,849	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	+0.0059%	4h	0.01255	+0.160%	$277K	$26K	50x	as long as short
Hyperliquid BABY	+0.0100%	1h	0.01252	−0.040%	$123K	$87K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01253	−0.022%	$7K	$10K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01254	+0.095%	$3.3M	$3.9M	50x	as long as short
Bybit BABYUSDTshort	+0.0100%	4h	0.01254	+0.096%	$828K	$666K	25x
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01253	+0.032%	$374K	$510K	10x	as long as short
Gate BABY_USDT	+0.0100%	4h	0.01254	+0.080%	$144K	$82K	50x	as long as short
MEXC BABY_USDT	+0.0100%	4h	0.01254	+0.080%	$1.2M	$150K	20x	as long as short
KuCoin BABYUSDTMlong	+0.0100%	4h	0.01253	long leg	$461K	$64K	30x
Bitget BABYUSDT	+0.0100%	4h	0.01254	+0.080%	$521K	$168K	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	0.01253	0.000%	—	$6.5M	—	as long as short
Extended BABY-USD	+0.0104%	1h	0.01254	+0.052%	$4K	$230K	5x	as long as short