BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against BloFin−0.044%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$860.857% of the position

Long on BloFin 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 4 days (all we have)+0.052%+$5 · spread now −0.044%, 7d avg −0.007%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.036% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BASED-USDT	0.06852	0.0115	pay 0.0058% / 4h	1h 09m	$260K	$50K	25x
Short	Binance BASEDUSDT	0.06849	0.0100	get 0.0050% / 4h	1h 09m	$4.2M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.044%Rate

Funding earned: −$3.21
Price spread: −0.044% → −0.007%: −$3.63
Slippage, 4 orders: −$63.66
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$92.5
Costs to cover: 0.857%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Binance: 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 BloFin live order book, 3 min ago	0.73 bp	13.6 bp −$14	52.7 bp −$527	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.19 bp	27.6 bp −$28	107.4 bp −$1,074	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	0.06848	−0.058%	$29K	$4K	5x	as long as short
Binance BASEDUSDTshort	+0.0100%	4h	0.06849	−0.044%	$4.2M	$3.1M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06840	−0.175%	$2.1M	$695K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06839	−0.190%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06846	−0.088%	$536K	$603K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06852	0.000%	$4.9M	$540K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06854	+0.029%	$583K	$70K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06846	−0.088%	$1.3M	$377K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06845	−0.102%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06840	−0.172%	$93K	$10K	—	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	0.06840	−0.175%	$99K	$376K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06845	−0.102%	$1K	$915K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06851	−0.018%	$6K	$221K	5x	as long as short
BloFin BASED-USDTlong	+0.0115%	4h	0.06852	long leg	$260K	$50K	25x
Orderly PERP_BASED_USDC	+0.0406%	4h	0.06849	−0.044%	$3K	$664	10x	as long as short