Settings8H · net · $10k
Funding arb · Price arb /

BASED

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SwapBacktest
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: OKX against KuCoin−0.015%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,050as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,048as in the Price arb table
costs, in and out, $10k−$1,05010.497% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.184%−$18 · spread now −0.015%, 7d avg −0.033%
Together, before fees−0.184%−$18 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BASEDUSDTM0.067620.0100pay 0.0050% / 4h1h 53m$564K$110K20x
ShortOKX BASED-USDT-SWAP0.067610.0100get 0.0050% / 4h1h 53m$2.6M$3.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: −0.015% → −0.033%
$1.83
Slippage, 4 orders
−$1,027.69
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$1,047.86
Costs to cover
10.497%
Break-even
never at this rate
Slippage from KuCoin: live order book, 19 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 19 min ago20.67 bp494.8 bp −$495doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 4 min ago2.22 bp12.6 bp −$1389.1 bp −$891doesn't fitdoesn't fit

BASED on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin BASED-USDT+0.0044%4h0.06773+0.163%$253K$37K25xas long as short
Binance BASEDUSDT+0.0100%4h0.06767+0.068%$4.2M$2.9M25xas long as short
Bybit BASEDUSDT+0.0100%4h0.06759−0.044%$2.1M$579K25xas long as short
OKX BASED-USDT-SWAPshort+0.0100%4h0.06761−0.015%$2.6M$3.4M20x
Gate BASED_USDT+0.0100%4h0.06764+0.030%$538K$519K50xas long as short
MEXC BASED_USDT+0.0100%4h0.06766+0.059%$4.8M$644K50xas long as short
KuCoin BASEDUSDTMlong+0.0100%4h0.06762long leg$564K$110K20x
Bitget BASEDUSDT+0.0100%4h0.06758−0.059%$1.3M$361K25xas long as short
BingX BASED-USDT+0.0100%4h0.067620.000%$1.6Mas long as short
Variational Omni BASED+0.0100%4h0.06750−0.171%$92K$22Kas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BASED_USDT_Perp+0.0100%4h0.06719−0.642%$97K$372K10xas long as short
SunX BASED-USDT+0.0100%4h0.06768+0.089%$1K$797K20xas long as short
Extended BASED-USD+0.0104%1h0.06765+0.043%$5K$226K5xas long as short
Aster BASEDUSDT+0.0124%4h0.06766+0.061%$28K$6K5xas long as short
Orderly PERP_BASED_USDC+0.0334%4h0.06767+0.074%$3K$65210xas long as short