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 Gate perp at $0.0131 and the highest bid on Gate spot at $0.0131.
The widest BABY perpetual spread is between Gate and Bybit: long BABY on Gate at $0.0131 and short on Bybit at $0.0131 for +0.11% gross, or -0.05% 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 +0.001% 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 MEXC and short the perpetual on Bybit: -0.02% gross, -0.22% net, with +0.030% a day of funding on the short leg.
Spot–spot BABY arbitrage (buy on MEXC, withdraw, deposit and sell on Binance) 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.