BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against BingX+0.219%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$870.865% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.219%, 7d avg +0.075%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.145% dearer against BingX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BASED-USDT	0.06838	0.0100	pay 0.0050% / 4h	3h 09m	—	$1.7M	—
Short	BloFin BASED-USDT	0.06853	0.0110	get 0.0055% / 4h	3h 09m	$260K	$49K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.219%Rate

Funding earned: $2.17
Price spread: +0.219% → +0.075%: $14.46
Slippage, 4 orders: −$64.52
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$69.89
Costs to cover: 0.865%
Break-even: 232.8 days

Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 13 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	5.83 bp	25.2 bp −$25	84.8 bp −$848	doesn't fit	doesn't fit
Sell BloFin live order book, 13 min ago	2.19 bp	19.2 bp −$19	61.2 bp −$612	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
Aster BASEDUSDT	+0.0100%	4h	0.06844	+0.084%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06845	+0.102%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06834	−0.058%	$2.1M	$693K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06832	−0.088%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06836	−0.029%	$538K	$595K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06844	+0.088%	$4.9M	$540K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06851	+0.190%	$581K	$71K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06843	+0.073%	$1.3M	$358K	25x	as long as short
BingX BASED-USDTlong	+0.0100%	4h	0.06838	long leg	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06839	+0.011%	$94K	$14K	—	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	0.06859	+0.306%	$96K	$395K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06840	+0.029%	$1K	$903K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06842	+0.060%	$2K	$195K	5x	as long as short
BloFin BASED-USDTshort	+0.0110%	4h	0.06853	+0.219%	$260K	$49K	25x
Orderly PERP_BASED_USDC	+0.0260%	4h	0.06842	+0.058%	$3K	$664	10x	as long as short