BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.25 per $10,000 · paid last 24h −0.003%

Price spread now: BingX against BloFin−0.233%51s7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$930.925% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.233%, 7d avg −0.076%

Together, before fees+0.232%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.157% cheaper against BloFin than usual: you would sell low and buy high (spread −0.233% now, against its 7-day average of −0.076%). If the spread goes back, that is −$16 on $10k: about 11 days of funding at the current rate (+$1 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BASED-USDT	0.06858	0.0051	pay 0.0025% / 4h	3h 40m	$261K	$50K	25x
Short	BingX BASED-USDT	0.06842	0.0100	get 0.0050% / 4h	3h 40m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.233%Rate

Funding earned: $10.39
Price spread: −0.233% → −0.076%: −$15.74
Slippage, 4 orders: −$70.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$97.89
Costs to cover: 0.925%
Break-even: 73.0 days

Slippage from BloFin: live order book, 26 min ago; BingX: live order book, 7 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, 26 min ago	1.46 bp	20.8 bp −$21	63.0 bp −$630	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	5.84 bp	25.9 bp −$26	83.6 bp −$836	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	−0.0040%	4h	0.06832	−0.379%	$2.1M	$676K	25x	as long as short
BloFin BASED-USDTlong	+0.0051%	4h	0.06858	long leg	$261K	$50K	25x
Aster BASEDUSDT	+0.0100%	4h	0.06848	−0.141%	$29K	$2K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06844	−0.211%	$4.2M	$3.0M	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06840	−0.262%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06835	−0.335%	$534K	$575K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06846	−0.175%	$4.9M	$465K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06850	−0.117%	$584K	$102K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06848	−0.146%	$1.3M	$313K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06842	−0.233%	—	$1.7M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06830	−0.410%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06849	−0.137%	$95K	$338K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06841	−0.248%	$1K	$891K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06842	−0.228%	$2K	$262K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0301%	4h	0.06842	−0.233%	$3K	$664	10x	as long as short