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: Hyperliquid against KuCoin+0.040%7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,321as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,303as 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)−0.001%$0 · spread now +0.040%, 7d avg −0.046%
Together, before fees−0.096%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 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: Hyperliquid is 0.086% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BABYUSDTM0.012430.0100pay 0.0050% / 4h2h 26m$457K$65K30x
ShortHyperliquid BABY0.012430.0100get 0.0013% / 1h26m 36s$122K$86K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.040% → −0.046%
$8.59
Slippage, 4 orders
−$1,290.49
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$1,302.9
Costs to cover
13.115%
Break-even
never at this rate
Slippage from KuCoin: live order book, 32 min ago; Hyperliquid: live order book, 42 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 KuCoin live order book, 32 min ago24.12 bp883.8 bp −$884doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 42 min ago2.81 bp31.0 bp −$31doesn'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 BABYshort+0.0100%1h0.01243+0.040%$122K$86K3x
Aster BABYUSDT+0.0100%4h0.01243−0.019%$7K$10K5xas long as short
Binance BABYUSDT+0.0100%4h0.01243+0.011%$3.3M$3.8M50xas long as short
Bybit BABYUSDT+0.0100%4h0.01243−0.008%$839K$673K25xas long as short
OKX BABY-USDT-SWAP+0.0100%4h0.01242−0.121%$370K$495K10xas long as short
Gate BABY_USDT+0.0100%4h0.01242−0.080%$143K$80K50xas long as short
MEXC BABY_USDT+0.0100%4h0.012430.000%$1.1M$138K20xas long as short
KuCoin BABYUSDTMlong+0.0100%4h0.01243long leg$457K$65K30x
Bitget BABYUSDT+0.0100%4h0.012430.000%$517K$154K50xas long as short
BingX BABY-USDT+0.0100%4h0.01242−0.080%$6.5Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended BABY-USD+0.0104%1h0.01242−0.112%$4K$201K5xas long as short
BloFin BABY-USDT+0.0120%4h0.01241−0.161%$277K$28K50xas long as short