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

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid−0.033%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1011.008% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.347%+$35 on $10k
Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.033%, 7d avg +0.008%
Together, before fees+0.353%+ Points / potential airdropHyperliquid: Season 2 · farm board+$35 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: Binance is 0.041% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BABY0.012480.0100pay 0.0013% / 1h12m 47s$126K$91K3x
ShortBinance BABYUSDT0.012470.0100get 0.0050% / 4h1h 12m$3.3M$4.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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: −0.033% → +0.008%
−$4.07
Slippage, 4 orders
−$81.81
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$104.88
Costs to cover
1.008%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 16 min ago; Binance: live order book, 9 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 Hyperliquid live order book, 16 min ago2.00 bp28.0 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 9 min ago3.99 bp21.9 bp −$22174.6 bp −$1,746doesn'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 BABYlong+0.0100%1h0.01248long leg$126K$91K3x
Aster BABYUSDT+0.0100%4h0.01247−0.018%$6K$9K5xas long as short
Binance BABYUSDTshort+0.0100%4h0.01247−0.033%$3.3M$4.0M50x
Bybit BABYUSDT+0.0100%4h0.01247−0.040%$803K$710K25xas long as short
OKX BABY-USDT-SWAP+0.0100%4h0.01247−0.096%$372K$520K10xas long as short
Gate BABY_USDT+0.0100%4h0.01248+0.024%$143K$91K50xas long as short
MEXC BABY_USDT+0.0100%4h0.01247−0.056%$1.2M$143K20xas long as short
KuCoin BABYUSDTM+0.0100%4h0.01247−0.056%$459K$64K30xas long as short
Bitget BABYUSDT+0.0100%4h0.01247−0.056%$510K$174K50xas long as short
BingX BABY-USDT+0.0100%4h0.01247−0.056%$6.5Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended BABY-USD+0.0104%1h0.01247−0.049%$5K$225K5xas long as short
BloFin BABY-USDT+0.0125%4h0.01249+0.104%$272K$25K50xas long as short