Settings8H · net · $10k
Funding arb · Price arb /

BASED

all BASED markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against BingX+0.035%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1131.126% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$2 on $10k
Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.035%, 7d avg +0.027%
Together, before fees−0.123%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BASED-USDT0.068280.0100pay 0.0050% / 4h2h 52m$1.7M
ShortExtended BASED-USD0.068300.0104get 0.0013% / 1h52m 18s$3K$200K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: +0.035% → +0.027%
$0.78
Slippage, 4 orders
−$97.57
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$110.95
Costs to cover
1.126%
Break-even
931.6 days
Slippage from BingX: live order book, 10 min ago; Extended: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago5.11 bp26.7 bp −$2786.5 bp −$865doesn't fitdoesn't fit
Sell Extended live order book, 14 min ago1.31 bp46.5 bp −$46283.7 bp −$2,837doesn't fitdoesn't fit

BASED on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BASEDUSDT+0.0100%4h0.06831+0.044%$4.2M$3.1M25xas long as short
Bybit BASEDUSDT+0.0100%4h0.06821−0.103%$2.1M$642K25xas long as short
OKX BASED-USDT-SWAP+0.0100%4h0.06827−0.015%$2.6M$3.7M20xas long as short
Gate BASED_USDT+0.0100%4h0.06818−0.146%$539K$545K50xas long as short
MEXC BASED_USDT+0.0100%4h0.06833+0.073%$4.9M$626K50xas long as short
KuCoin BASEDUSDTM+0.0100%4h0.06822−0.088%$572K$65K20xas long as short
Bitget BASEDUSDT+0.0100%4h0.06840+0.176%$1.3M$370K25xas long as short
BingX BASED-USDTlong+0.0100%4h0.06828long leg$1.7M
Variational Omni BASED+0.0100%4h0.06814−0.199%$94K$18Kas long as short
GRVT BASED_USDT_Perp+0.0100%4h0.06810−0.264%$97K$382K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX BASED-USDT+0.0100%4h0.06829+0.015%$1K$858K20xas long as short
Extended BASED-USDshort+0.0104%1h0.06830+0.035%$3K$200K5x
BloFin BASED-USDT+0.0156%4h0.06797−0.454%$255K$41K25xas long as short
Orderly PERP_BASED_USDC+0.0265%4h0.06827−0.015%$3K$1K10xas long as short
Aster BASEDUSDT+0.0316%4h0.06819−0.125%$29K$6K5xas long as short