BABY arbitrage explained
Right now Babylon (BABY) trades on 9 venues we scan: 9 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.013 and the highest bid on OKX spot at $0.013.
The widest BABY perpetual spread is between Bitget and Binance: long BABY on Bitget at $0.013 and short on Binance at $0.013 for 0.00% gross, or -0.16% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best BABY route is to buy spot on KuCoin and short the perpetual on Binance: -0.08% gross, -0.28% net, with +0.030% a day of funding on the short leg.
Spot–spot BABY arbitrage (buy on KuCoin, withdraw, deposit and sell on OKX) shows +0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small BABY gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: BABY funding rates · BABY spread charts · Babylon price · arbitrage scanner for all coins.