BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.11 per $10,000 · paid last 24h +0.001%

Price spread now: Variational Omni against BloFin−0.168%71s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.168% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 71 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	0.06826	0.0121	pay 0.0061% / 4h	16m 00s	$252K	$41K	25x
Short	Variational Omni BASED	0.06815	0.0100	get 0.0050% / 4h	16m 00s	$93K	$21K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.168%Rate

Funding earned: −$4.43
Price spread: −0.168% → 0.000%: −$16.83
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$33.26
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 55 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 55 min ago	2.20 bp	17.5 bp −$17	58.7 bp −$587	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.06816	−0.146%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06810	−0.234%	$2.1M	$594K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06809	−0.249%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06813	−0.190%	$542K	$539K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06815	−0.161%	$4.8M	$645K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06805	−0.308%	$570K	$68K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06826	0.000%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06814	−0.176%	—	$1.7M	—	as long as short
Variational Omni BASEDshort	+0.0100%	4h	0.06815	−0.168%	$93K	$21K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06811	−0.213%	$99K	$374K	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	0.06813	−0.190%	$1K	$824K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06815	−0.165%	$5K	$226K	5x	as long as short
BloFin BASED-USDTlong	+0.0121%	4h	0.06826	long leg	$252K	$41K	25x
Aster BASEDUSDT	+0.0280%	4h	0.06816	−0.141%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0325%	4h	0.06822	−0.059%	$3K	$652	10x	as long as short