Funding arb · Price arb /

BASED

all BASED markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate−0.059%7-day average −0.005% · you buy dearer than you sell

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now −0.059%, 7d avg −0.005%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.054% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06777	0.0100	pay 0.0050% / 4h	2h 18m	$540K	$519K	50x
Short	SunX BASED-USDT	0.06773	0.0100	get 0.0050% / 4h	2h 18m	$1K	$797K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → −0.005%: −$5.41
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$28.41
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; SunX: live order book, 63 min ago. 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 Gate live order book, 2 min ago	8.86 bp	37.6 bp −$38	7092.9 bp −$70.9K	doesn't fit	doesn't fit
Sell SunX live order book, 63 min ago	501.34 bp	doesn't fit	doesn't fit	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-USDT	+0.0043%	4h	0.06777	0.000%	$251K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06780	+0.045%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06768	−0.133%	$2.1M	$576K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06772	−0.074%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDTlong	+0.0100%	4h	0.06777	long leg	$540K	$519K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06779	+0.030%	$4.8M	$656K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06770	−0.103%	$565K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06787	+0.148%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06773	−0.059%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06761	−0.242%	$92K	$22K	—	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	0.06776	−0.017%	$93K	$372K	10x	as long as short
SunX BASED-USDTshort	+0.0100%	4h	0.06773	−0.059%	$1K	$797K	20x
Extended BASED-USD	+0.0104%	1h	0.06778	+0.017%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0173%	4h	0.06774	−0.048%	$28K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0308%	4h	0.06777	0.000%	$3K	$652	10x	as long as short