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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: BingX against Gate0.000%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1451.448% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 4 days (all we have)−0.174%−$17 · spread now 0.000%, 7d avg +0.035%

Together, before fees+0.007%+$1 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: BingX is 0.035% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BABY_USDT	0.01240	0.0100	pay 0.0050% / 4h	1h 03m	$142K	$91K	50x
Short	BingX BABY-USDT	0.01240	0.0100	get 0.0050% / 4h	1h 03m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.035%: −$3.48
Slippage, 4 orders: −$119.8
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$148.28
Costs to cover: 1.448%
Break-even: never at this rate

Slippage from Gate: live order book, 52 min ago; BingX: live order book, 2 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 Gate live order book, 52 min ago	12.05 bp	39.7 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	8.06 bp	36.5 bp −$37	130.1 bp −$1,301	721.8 bp −$72.2K	1232.3 bp −$616.2K

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
Hyperliquid BABY	+0.0100%	1h	0.01241	+0.056%	$125K	$91K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01239	−0.064%	$5K	$9K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01240	+0.017%	$3.3M	$4.0M	50x	as long as short
Bybit BABYUSDT	+0.0100%	4h	0.01240	−0.008%	$797K	$709K	25x	as long as short
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01240	+0.024%	$370K	$515K	10x	as long as short
Gate BABY_USDTlong	+0.0100%	4h	0.01240	long leg	$142K	$91K	50x
MEXC BABY_USDT	+0.0100%	4h	0.01239	−0.081%	$1.2M	$144K	20x	as long as short
KuCoin BABYUSDTM	+0.0100%	4h	0.01240	0.000%	$456K	$64K	30x	as long as short
Bitget BABYUSDT	+0.0100%	4h	0.01239	−0.081%	$507K	$173K	50x	as long as short
BingX BABY-USDTshort	+0.0100%	4h	0.01240	0.000%	—	$6.5M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BABY-USD	+0.0104%	1h	0.01239	−0.116%	$690	$229K	5x	as long as short
BloFin BABY-USDT	+0.0144%	4h	0.01242	+0.161%	$272K	$25K	50x	as long as short