BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against Binance−0.167%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$810.807% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)+0.121%+$12 · spread now −0.167%, 7d avg +0.019%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.186% cheaper against Binance than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BASEDUSDT	0.06762	0.0100	pay 0.0050% / 4h	1h 56m	$4.2M	$2.9M	25x
Short	BloFin BASED-USDT	0.06751	0.0086	get 0.0043% / 4h	1h 56m	$252K	$37K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.167%Rate

Funding earned: −$2.85
Price spread: −0.167% → +0.019%: −$18.57
Slippage, 4 orders: −$58.72
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$102.14
Costs to cover: 0.807%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 19 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 Binance live order book, 10 min ago	1.48 bp	21.1 bp −$21	113.1 bp −$1,131	doesn't fit	doesn't fit
Sell BloFin live order book, 19 min ago	0.74 bp	16.4 bp −$16	60.2 bp −$602	doesn't fit	doesn't fit

BASED on 15 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 BASED-USDTshort	+0.0086%	4h	0.06751	−0.167%	$252K	$37K	25x
Binance BASEDUSDTlong	+0.0100%	4h	0.06762	long leg	$4.2M	$2.9M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06746	−0.241%	$2.1M	$579K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06755	−0.108%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06750	−0.182%	$537K	$518K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06762	−0.004%	$4.8M	$644K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06750	−0.182%	$563K	$110K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06756	−0.093%	$1.3M	$361K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06748	−0.211%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06742	−0.303%	$92K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06720	−0.624%	$92K	$359K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06752	−0.152%	$975	$797K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06756	−0.092%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0108%	4h	0.06753	−0.138%	$28K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0326%	4h	0.06754	−0.122%	$3K	$652	10x	as long as short