BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against KuCoin−0.029%7-day average +0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$909as in the Funding arb table

Net, price: spread back to 7d avg − costs−$924as in the Price arb table

costs, in and out, $10k−$9139.133% of the position

Long on KuCoin Short on BloFin

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)+0.090%+$9 · spread now −0.029%, 7d avg +0.082%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.111% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.082%). If the spread goes back, that is −$11 on $10k: about 8.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.045% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06823	0.0100	pay 0.0050% / 4h	28m 44s	$572K	$78K	20x
Short	BloFin BASED-USDT	0.06821	0.0146	get 0.0073% / 4h	28m 44s	$252K	$41K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now −0.029%Rate

Funding earned: $9.66
Price spread: −0.029% → +0.082%: −$11.12
Slippage, 4 orders: −$889.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$914.71
Costs to cover: 9.133%
Break-even: 669.8 days

Slippage from KuCoin: live order book, 34 min ago; BloFin: live order book, 42 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 KuCoin live order book, 34 min ago	30.06 bp	441.3 bp −$441	1051.9 bp −$10.5K	doesn't fit	doesn't fit
Sell BloFin live order book, 42 min ago	2.20 bp	9.6 bp −$10	49.1 bp −$491	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	0.06820	−0.040%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06821	−0.029%	$2.1M	$584K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06814	−0.132%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06825	+0.029%	$543K	$535K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06828	+0.073%	$4.8M	$645K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06823	long leg	$572K	$78K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06824	+0.015%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06826	+0.044%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06810	−0.187%	$93K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06820	−0.046%	$89K	$363K	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	0.06822	−0.015%	$2K	$820K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06827	+0.054%	$5K	$226K	5x	as long as short
BloFin BASED-USDTshort	+0.0146%	4h	0.06821	−0.029%	$252K	$41K	25x
Aster BASEDUSDT	+0.0286%	4h	0.06822	−0.019%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0341%	4h	0.06827	+0.059%	$3K	$652	10x	as long as short