Funding arb · Price arb /

BABY

all BABY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Bybit against Gate−0.065%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$202as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$1951.946% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.065%, 7d avg +0.053%

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: Bybit is 0.118% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BABY_USDT	0.01223	0.0100	pay 0.0050% / 4h	2h 00m	$145K	$111K	50x
Short	Bybit BABYUSDT	0.01222	0.0100	get 0.0050% / 4h	2h 00m	$797K	$781K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → +0.053%: −$11.85
Slippage, 4 orders: −$168.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$206.49
Costs to cover: 1.946%
Break-even: never at this rate

Slippage from Gate: live order book, 16 min ago; Bybit: live order book, 20 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, 16 min ago	12.24 bp	46.5 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 20 min ago	3.67 bp	45.7 bp −$46	248.6 bp −$2,486	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	+0.0067%	4h	0.01225	+0.164%	$253K	$25K	50x	as long as short
Hyperliquid BABY	+0.0100%	1h	0.01222	−0.049%	$123K	$94K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01223	−0.001%	$5K	$9K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01223	−0.003%	$3.3M	$4.1M	50x	as long as short
Bybit BABYUSDTshort	+0.0100%	4h	0.01222	−0.065%	$797K	$781K	25x
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01222	−0.065%	$361K	$519K	10x	as long as short
Gate BABY_USDTlong	+0.0100%	4h	0.01223	long leg	$145K	$111K	50x
MEXC BABY_USDT	+0.0100%	4h	0.01222	−0.082%	$1.1M	$143K	20x	as long as short
KuCoin BABYUSDTM	+0.0100%	4h	0.01221	−0.164%	$428K	$51K	30x	as long as short
Bitget BABYUSDT	+0.0100%	4h	0.01223	0.000%	$522K	$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	0.01222	−0.082%	—	$6.5M	—	as long as short
Extended BABY-USD	+0.0104%	1h	0.01223	−0.015%	$4K	$215K	5x	as long as short