BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.12 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX−0.087%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$915as in the Funding arb table

Net, price: spread back to 7d avg − costs−$920as in the Price arb table

costs, in and out, $10k−$9119.110% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.087%, 7d avg +0.001%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.088% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BASED-USDT	0.06875	0.0124	pay 0.0062% / 4h	3h 20m	—	$1.6M	—
Short	KuCoin BASEDUSDTM	0.06869	0.0100	get 0.0050% / 4h	3h 20m	$575K	$54K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$5.04
Price spread: −0.087% → +0.001%: −$8.8
Slippage, 4 orders: −$888.96
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$924.8
Costs to cover: 9.110%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; KuCoin: live order book, 32 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, 11 min ago	4.37 bp	22.2 bp −$22	80.4 bp −$804	doesn't fit	doesn't fit
Sell KuCoin live order book, 32 min ago	24.21 bp	408.6 bp −$409	939.6 bp −$9,396	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
Bybit BASEDUSDT	+0.0100%	4h	0.06872	−0.044%	$2.1M	$602K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06876	+0.015%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06868	−0.102%	$546K	$544K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06869	−0.087%	$575K	$54K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06886	+0.160%	$1.3M	$359K	25x	as long as short
Variational Omni BASED	+0.0100%	4h	0.06868	−0.104%	$94K	$19K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06855	−0.292%	$91K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06873	−0.029%	$1K	$844K	20x	as long as short
Extended BASED-USD	+0.0120%	1h	0.06877	+0.034%	$4K	$222K	5x	as long as short
MEXC BASED_USDT	+0.0120%	4h	0.06878	+0.044%	$4.9M	$651K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BASEDUSDT	+0.0121%	4h	0.06878	+0.044%	$4.2M	$3.1M	25x	as long as short
BingX BASED-USDTlong	+0.0124%	4h	0.06875	long leg	—	$1.6M	—
BloFin BASED-USDT	+0.0128%	4h	0.06876	+0.015%	$253K	$41K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0291%	4h	0.06879	+0.058%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0382%	4h	0.06876	+0.010%	$29K	$6K	5x	as long as short