Funding arb · Price arb /

BASED

all BASED markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Extended−0.234%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: Active · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.234% cheaper against Extended than usual: you would sell low and buy high, −$23 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06830	0.0104	pay 0.0013% / 1h	52m 17s	$3K	$200K	5x
Short	Variational Omni BASED	0.06814	0.0100	get 0.0050% / 4h	2h 52m	$94K	$18K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now −0.234%Rate

Funding earned: −$0.84
Price spread: −0.234% → 0.000%: −$23.35
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$29.19
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 14 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 Extended live order book, 14 min ago	1.31 bp	16.8 bp −$17	216.2 bp −$2,162	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	0.06831	+0.009%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06821	−0.138%	$2.1M	$642K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06827	−0.050%	$2.6M	$3.7M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06818	−0.181%	$539K	$545K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06833	+0.038%	$4.9M	$626K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06822	−0.123%	$572K	$65K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06840	+0.141%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06828	−0.035%	—	$1.7M	—	as long as short
Variational Omni BASEDshort	+0.0100%	4h	0.06814	−0.234%	$94K	$18K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06810	−0.299%	$97K	$382K	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	0.06829	−0.020%	$1K	$858K	20x	as long as short
Extended BASED-USDlong	+0.0104%	1h	0.06830	long leg	$3K	$200K	5x
BloFin BASED-USDT	+0.0156%	4h	0.06797	−0.489%	$255K	$41K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0265%	4h	0.06827	−0.050%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0316%	4h	0.06819	−0.160%	$29K	$6K	5x	as long as short