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 0.000%

Price spread now: Bybit against KuCoin−0.065%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$899as in the Funding arb table

Net, price: spread back to 7d avg − costs−$906as in the Price arb table

costs, in and out, $10k−$9019.012% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.065%, 7d avg −0.021%

Together, before fees+0.090%+$9 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 0.044% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BABYUSDTM	0.01237	0.0100	pay 0.0050% / 4h	36m 14s	$440K	$54K	30x
Short	Bybit BABYUSDT	0.01236	0.0100	get 0.0050% / 4h	36m 14s	$808K	$773K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.021%: −$4.41
Slippage, 4 orders: −$878.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$905.61
Costs to cover: 9.012%
Break-even: never at this rate

Slippage from KuCoin: live order book, 26 min ago; Bybit: live order book, 39 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 KuCoin live order book, 26 min ago	16.30 bp	543.2 bp −$543	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 39 min ago	2.04 bp	50.7 bp −$51	336.8 bp −$3,368	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
Hyperliquid BABY	+0.0100%	1h	0.01236	−0.105%	$125K	$94K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01237	−0.035%	$5K	$9K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01235	−0.127%	$3.3M	$4.1M	50x	as long as short
Bybit BABYUSDTshort	+0.0100%	4h	0.01236	−0.065%	$808K	$773K	25x
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01234	−0.259%	$365K	$532K	10x	as long as short
Gate BABY_USDT	+0.0100%	4h	0.01235	−0.162%	$146K	$110K	50x	as long as short
MEXC BABY_USDT	+0.0100%	4h	0.01236	−0.081%	$1.2M	$137K	20x	as long as short
KuCoin BABYUSDTMlong	+0.0100%	4h	0.01237	long leg	$440K	$54K	30x
Bitget BABYUSDT	+0.0100%	4h	0.01235	−0.162%	$527K	$170K	50x	as long as short
BingX BABY-USDT	+0.0100%	4h	0.01237	0.000%	—	$6.5M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BABY-USD	+0.0104%	1h	0.01235	−0.150%	$4K	$215K	5x	as long as short
BloFin BABY-USDT	+0.0132%	4h	0.01237	0.000%	$255K	$25K	50x	as long as short