Funding arb · Price arb /

BASED

all BASED markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Binance against BingX+0.147%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$880.884% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.147%, 7d avg +0.063%

Together, before fees−0.054%−$5 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: Binance is 0.084% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BASED-USDT	0.06796	0.0100	pay 0.0050% / 4h	1h 24m	—	$1.7M	—
Short	Binance BASEDUSDT	0.06806	0.0100	get 0.0050% / 4h	1h 24m	$4.2M	$2.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → +0.063%: $8.45
Slippage, 4 orders: −$68.42
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$79.98
Costs to cover: 0.884%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Binance: live order book, 12 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 BingX live order book, 8 min ago	4.44 bp	24.5 bp −$25	82.0 bp −$820	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.47 bp	20.9 bp −$21	99.9 bp −$999	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-USDT	+0.0094%	4h	0.06795	−0.015%	$252K	$37K	25x	as long as short
Binance BASEDUSDTshort	+0.0100%	4h	0.06806	+0.147%	$4.2M	$2.9M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06793	−0.044%	$2.1M	$578K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06798	+0.029%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06797	+0.015%	$540K	$526K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06805	+0.132%	$4.8M	$646K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06787	−0.132%	$569K	$108K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06803	+0.103%	$1.3M	$363K	25x	as long as short
BingX BASED-USDTlong	+0.0100%	4h	0.06796	long leg	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06783	−0.196%	$93K	$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	0.06732	−0.940%	$97K	$354K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06801	+0.074%	$1K	$802K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06803	+0.098%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0149%	4h	0.06796	−0.007%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0346%	4h	0.06796	0.000%	$3K	$652	10x	as long as short