Funding arb · Price arb /

BABY

all BABY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX−0.016%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1671.669% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.016%, 7d avg +0.027%

Together, before fees−0.179%−$18 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 OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BABY-USDT-SWAP	0.01239	0.0100	pay 0.0050% / 4h	1h 17m	$371K	$495K	10x
Short	Bybit BABYUSDT	0.01239	0.0100	get 0.0050% / 4h	1h 17m	$830K	$690K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.027%: −$4.36
Slippage, 4 orders: −$145.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$171.29
Costs to cover: 1.669%
Break-even: never at this rate

Slippage from OKX: live order book, 23 min ago; Bybit: live order book, 22 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 OKX live order book, 23 min ago	1.61 bp	31.1 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 22 min ago	3.63 bp	48.7 bp −$49	270.6 bp −$2,706	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	+0.0071%	4h	0.01243	+0.347%	$279K	$28K	50x	as long as short
Hyperliquid BABY	+0.0100%	1h	0.01240	+0.113%	$122K	$85K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01239	+0.027%	$7K	$8K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01239	+0.001%	$3.3M	$3.9M	50x	as long as short
Bybit BABYUSDTshort	+0.0100%	4h	0.01239	−0.016%	$830K	$690K	25x
OKX BABY-USDT-SWAPlong	+0.0100%	4h	0.01239	long leg	$371K	$495K	10x
Gate BABY_USDT	+0.0100%	4h	0.01238	−0.057%	$141K	$70K	50x	as long as short
MEXC BABY_USDT	+0.0100%	4h	0.01238	−0.057%	$1.1M	$150K	20x	as long as short
KuCoin BABYUSDTM	+0.0100%	4h	0.01240	+0.105%	$456K	$64K	30x	as long as short
Bitget BABYUSDT	+0.0100%	4h	0.01240	+0.105%	$513K	$152K	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	0.01240	+0.105%	—	$6.5M	—	as long as short
Extended BABY-USD	+0.0104%	1h	0.01240	+0.070%	$557	$209K	5x	as long as short