Funding arb · Price arb /

BASED

all BASED markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget−0.232%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$862as in the Funding arb table

Net, price: spread back to 7d avg − costs−$875as in the Price arb table

costs, in and out, $10k−$8608.604% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.232%, 7d avg −0.083%

Together, before fees+0.145%+$14 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: KuCoin is 0.149% cheaper against Bitget than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BASEDUSDT	0.06883	0.0100	pay 0.0050% / 4h	1h 22m	$1.3M	$371K	25x
Short	KuCoin BASEDUSDTM	0.06867	0.0100	get 0.0050% / 4h	1h 22m	$569K	$74K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.232%Rate

Funding earned: $0
Price spread: −0.232% → −0.083%: −$14.92
Slippage, 4 orders: −$836.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$875.34
Costs to cover: 8.604%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 1 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 Bitget live order book, 4 min ago	6.56 bp	23.0 bp −$23	108.1 bp −$1,081	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	18.92 bp	368.9 bp −$369	934.3 bp −$9,343	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
Binance BASEDUSDT	+0.0100%	4h	0.06885	+0.029%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06871	−0.174%	$2.1M	$681K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06880	−0.044%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06872	−0.160%	$538K	$583K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06886	+0.044%	$4.9M	$612K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06867	−0.232%	$569K	$74K	20x
Bitget BASEDUSDTlong	+0.0100%	4h	0.06883	long leg	$1.3M	$371K	25x
BingX BASED-USDT	+0.0100%	4h	0.06880	−0.044%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06836	−0.689%	$94K	$15K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06830	−0.770%	$96K	$369K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06884	+0.015%	$2K	$881K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06886	+0.046%	$1K	$199K	5x	as long as short
Aster BASEDUSDT	+0.0106%	4h	0.06877	−0.083%	$29K	$6K	5x	as long as short
BloFin BASED-USDT	+0.0119%	4h	0.06867	−0.232%	$261K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0230%	4h	0.06878	−0.073%	$3K	$664	10x	as long as short