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

BABY

all BABY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against OKX+0.064%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1151.146% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.315%−$31 on $10k
Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.064%, 7d avg +0.024%
Together, before fees−0.396%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 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 0.040% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BABY-USDT-SWAP0.012540.0100pay 0.0050% / 4h3h 23m$383K$506K10x
ShortHyperliquid BABY0.012550.0100get 0.0013% / 1h23m 28s$125K$84K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.064% → +0.024%
$4.02
Slippage, 4 orders
−$95.57
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$110.55
Costs to cover
1.146%
Break-even
never at this rate
Slippage from OKX: live order book, 7 min ago; Hyperliquid: live order book, 16 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 OKX live order book, 7 min ago2.84 bp48.4 bp −$48doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 16 min ago1.21 bp21.5 bp −$22doesn'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
Hyperliquid BABYshort+0.0100%1h0.01255+0.064%$125K$84K3x
Aster BABYUSDT+0.0100%4h0.01254−0.046%$7K$8K5xas long as short
Binance BABYUSDT+0.0100%4h0.01255+0.056%$3.3M$3.9M50xas long as short
Bybit BABYUSDT+0.0100%4h0.01255+0.048%$841K$685K25xas long as short
OKX BABY-USDT-SWAPlong+0.0100%4h0.01254long leg$383K$506K10x
Gate BABY_USDT+0.0100%4h0.01254−0.024%$141K$67K50xas long as short
MEXC BABY_USDT+0.0100%4h0.01253−0.104%$1.1M$158K20xas long as short
KuCoin BABYUSDTM+0.0100%4h0.01254−0.024%$476K$63K30xas long as short
Bitget BABYUSDT+0.0100%4h0.01254−0.024%$521K$191K50xas long as short
BingX BABY-USDT+0.0100%4h0.01255+0.056%$6.5Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended BABY-USD+0.0104%1h0.01255+0.027%$145$267K5xas long as short
BloFin BABY-USDT+0.0151%4h0.01240−1.140%$282K$28K50xas long as short