Funding arb · Price arb /

BABY

all BABY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against KuCoin+0.081%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$526as in the Funding arb table

Net, price: spread back to 7d avg − costs−$503as in the Price arb table

costs, in and out, $10k−$5165.165% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.081%, 7d avg −0.057%

Together, before fees+0.023%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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: Hyperliquid is 0.138% dearer against KuCoin than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BABYUSDTM	0.01228	0.0100	pay 0.0050% / 4h	3h 30m	$430K	$53K	30x
Short	Hyperliquid BABY	0.01229	0.0100	get 0.0013% / 1h	30m 15s	$124K	$96K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → −0.057%: $13.8
Slippage, 4 orders: −$495.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$502.67
Costs to cover: 5.165%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; Hyperliquid: live order book, 13 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, 12 min ago	8.18 bp	218.8 bp −$219	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 13 min ago	0.82 bp	21.3 bp −$21	doesn't fit	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	+0.0081%	4h	0.01226	−0.163%	$248K	$25K	50x	as long as short
Hyperliquid BABYshort	+0.0100%	1h	0.01229	+0.081%	$124K	$96K	3x
Aster BABYUSDT	+0.0100%	4h	0.01228	−0.005%	$5K	$11K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01228	+0.032%	$3.3M	$4.2M	50x	as long as short
Bybit BABYUSDT	+0.0100%	4h	0.01229	+0.041%	$804K	$801K	25x	as long as short
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01228	0.000%	$362K	$538K	10x	as long as short
Gate BABY_USDT	+0.0100%	4h	0.01227	−0.081%	$146K	$113K	50x	as long as short
MEXC BABY_USDT	+0.0100%	4h	0.01229	+0.081%	$1.1M	$177K	20x	as long as short
KuCoin BABYUSDTMlong	+0.0100%	4h	0.01228	long leg	$430K	$53K	30x
Bitget BABYUSDT	+0.0100%	4h	0.01228	0.000%	$527K	$180K	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	0.01229	+0.081%	—	$6.5M	—	as long as short
Extended BABY-USD	+0.0104%	1h	0.01228	+0.009%	$4K	$215K	5x	as long as short