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

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.048%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1031.034% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.383%−$38 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.048%, 7d avg −0.013%
Together, before fees−0.392%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 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 0.061% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BABY-USDT0.012390.0100pay 0.0050% / 4h2h 20m$6.5M
ShortHyperliquid BABY0.012400.0100get 0.0013% / 1h20m 39s$125K$93K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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: +0.048% → −0.013%
$6.1
Slippage, 4 orders
−$84.4
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$97.3
Costs to cover
1.034%
Break-even
never at this rate
Slippage from BingX: live order book, just now; Hyperliquid: live order book, 18 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 BingX live order book, just now8.07 bp29.7 bp −$30112.1 bp −$1,121746.0 bp −$74.6Kdoesn't fit
Sell Hyperliquid live order book, 18 min ago1.21 bp22.0 bp −$22doesn't fitdoesn't fitdoesn't fit

BABY on 11 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%1h0.01240+0.048%$125K$93K3x
Aster BABYUSDT+0.0100%4h0.01241+0.123%$5K$9K5xas long as short
Binance BABYUSDT+0.0100%4h0.01239+0.030%$3.3M$4.1M50xas long as short
Bybit BABYUSDT+0.0100%4h0.01239+0.008%$802K$733K25xas long as short
OKX BABY-USDT-SWAP+0.0100%4h0.01239−0.040%$368K$540K10xas long as short
Gate BABY_USDT+0.0100%4h0.012390.000%$142K$102K50xas long as short
MEXC BABY_USDT+0.0100%4h0.012390.000%$1.2M$137K20xas long as short
KuCoin BABYUSDTM+0.0100%4h0.012390.000%$454K$59K30xas long as short
Bitget BABYUSDT+0.0100%4h0.012390.000%$525K$170K50xas long as short
BingX BABY-USDTlong+0.0100%4h0.01239long leg$6.5M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended BABY-USD+0.0104%1h0.01239+0.002%$4K$225K5xas long as short