BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.001%

Price spread now: OKX against BloFin−0.268%113s7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as 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−$670.667% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 3 days (all we have)+0.268%+$27 · spread now −0.268%, 7d avg −0.107%

Together, before fees+0.222%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.161% cheaper against BloFin than usual: you would sell low and buy high (spread −0.268% now, against its 7-day average of −0.107%). If the spread goes back, that is −$16 on $10k: about 20 days of funding at the current rate (+$1 a day). The two prices were read 113 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	0.06727	0.0074	pay 0.0037% / 4h	2h 57m	$252K	$37K	25x
Short	OKX BASED-USDT-SWAP	0.06709	0.0100	get 0.0050% / 4h	2h 57m	$2.6M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.268%Rate

Funding earned: $5.55
Price spread: −0.268% → −0.107%: −$16.08
Slippage, 4 orders: −$44.74
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$77.28
Costs to cover: 0.667%
Break-even: 104.4 days

Slippage from BloFin: live order book, 26 min ago; OKX: live order book, 5 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	2.23 bp	16.7 bp −$17	49.6 bp −$496	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.98 bp	18.0 bp −$18	98.2 bp −$982	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
BloFin BASED-USDTlong	+0.0074%	4h	0.06727	long leg	$252K	$37K	25x
Aster BASEDUSDT	+0.0100%	4h	0.06719	−0.122%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06720	−0.104%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06708	−0.282%	$2.1M	$575K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06709	−0.268%	$2.6M	$3.3M	20x
Gate BASED_USDT	+0.0100%	4h	0.06717	−0.149%	$534K	$506K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06718	−0.134%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06715	−0.178%	$566K	$109K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06725	−0.030%	$1.3M	$362K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06715	−0.178%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06718	−0.140%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06729	+0.030%	$93K	$379K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06713	−0.208%	$1K	$790K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06720	−0.101%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0239%	4h	0.06719	−0.119%	$3K	$745	10x	as long as short