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

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Hyperliquid−0.078%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1311.310% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.343%+$34 on $10k
Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.078%, 7d avg −0.024%
Together, before fees+0.332%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$33 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: Extended is 0.054% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BABY0.012480.0100pay 0.0013% / 1h10m 06s$126K$91K3x
ShortExtended BABY-USD0.012470.0104get 0.0013% / 1h10m 06s$5K$225K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.078% → −0.024%
−$5.42
Slippage, 4 orders
−$117.05
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$135.62
Costs to cover
1.310%
Break-even
1137.2 days
Slippage from Hyperliquid: live order book, 19 min ago; Extended: live order book, 52 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, 19 min ago2.00 bp28.0 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 52 min ago6.43 bp43.1 bp −$43doesn'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
BloFin BABY-USDT+0.0071%4h0.01247−0.080%$271K$25K50xas long as short
Hyperliquid BABYlong+0.0100%1h0.01248long leg$126K$91K3x
Aster BABYUSDT+0.0100%4h0.01247−0.042%$6K$9K5xas long as short
Binance BABYUSDT+0.0100%4h0.01247−0.080%$3.3M$4.0M50xas long as short
Bybit BABYUSDT+0.0100%4h0.01247−0.056%$803K$709K25xas long as short
OKX BABY-USDT-SWAP+0.0100%4h0.01246−0.144%$373K$520K10xas long as short
Gate BABY_USDT+0.0100%4h0.01247−0.080%$142K$91K50xas long as short
MEXC BABY_USDT+0.0100%4h0.01247−0.080%$1.2M$143K20xas long as short
KuCoin BABYUSDTM+0.0100%4h0.012480.000%$459K$64K30xas long as short
Bitget BABYUSDT+0.0100%4h0.01247−0.080%$510K$174K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BABY-USDT+0.0100%4h0.01247−0.080%$6.5Mas long as short
Extended BABY-USDshort+0.0104%1h0.01247−0.078%$5K$225K5x