BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.019%

Price spread now: BloFin against GRVT+0.955%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,065as in the Price arb table

costs, in and out, $10k−$2,15121.508% of the position

Long on GRVT Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 3 days (all we have)−1.126%−$113 · spread now +0.955%, 7d avg +0.094%

Together, before fees−1.061%+ Points / potential airdropGRVT: Active · farm board−$106 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.861% dearer against GRVT than usual: you sell high and buy low: +$86 more if the spread goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BASED_USDT_Perp	0.06745	0.0100	pay 0.0050% / 4h	1h 15m	$97K	$354K	10x
Short	BloFin BASED-USDT	0.06809	0.0135	get 0.0067% / 4h	1h 15m	$251K	$38K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GRVT. 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 GRVTbpFee BloFinbpOrdersPrice spread, now +0.955%Rate

Funding earned: $7.25
Price spread: +0.955% → +0.094%: $86.14
Slippage, 4 orders: −$2,129.85
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$2,057.46
Costs to cover: 21.508%
Break-even: 1993.0 days

Slippage from GRVT: live order book, 2 min ago; BloFin: live order book, 61 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 GRVT live order book, 2 min ago	278.82 bp	1273.8 bp −$1,274	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 61 min ago	0.74 bp	16.4 bp −$16	60.2 bp −$602	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
Binance BASEDUSDT	+0.0100%	4h	0.06812	+1.004%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06804	+0.881%	$2.1M	$578K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06806	+0.910%	$2.6M	$3.5M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06808	+0.940%	$541K	$530K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06812	+0.999%	$4.8M	$647K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06793	+0.718%	$570K	$105K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06813	+1.014%	$1.3M	$363K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06807	+0.925%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06801	+0.831%	$93K	$22K	—	as long as short
GRVT BASED_USDT_Perplong	+0.0100%	4h	0.06745	long leg	$97K	$354K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06808	+0.940%	$1K	$811K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06811	+0.984%	$5K	$226K	5x	as long as short
BloFin BASED-USDTshort	+0.0135%	4h	0.06809	+0.955%	$251K	$38K	25x
Aster BASEDUSDT	+0.0178%	4h	0.06806	+0.905%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0356%	4h	0.06811	+0.985%	$3K	$652	10x	as long as short