BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against MEXC−0.015%109s7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.477% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.015%, 7d avg +0.026%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.041% cheaper against MEXC than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.026%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.012% in total) that is about 24 days. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BASED_USDT	0.06817	0.0100	pay 0.0050% / 4h	33m 34s	$4.8M	$644K	50x
Short	BloFin BASED-USDT	0.06816	0.0158	get 0.0079% / 4h	33m 34s	$251K	$41K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now −0.015%Rate

Funding earned: $12.27
Price spread: −0.015% → +0.026%: −$4.06
Slippage, 4 orders: −$31.74
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$39.54
Costs to cover: 0.477%
Break-even: 29.6 days

Slippage from MEXC: live order book, 4 min ago; BloFin: live order book, 37 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 MEXC live order book, 4 min ago	0.73 bp	11.2 bp −$11	45.8 bp −$458	206.7 bp −$20.7K	645.3 bp −$322.7K
Sell BloFin live order book, 37 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	0.06817	+0.007%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06810	−0.103%	$2.1M	$580K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06816	−0.015%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06810	−0.103%	$542K	$534K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06817	long leg	$4.8M	$644K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06818	+0.015%	$571K	$80K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06825	+0.117%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06815	−0.029%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06809	−0.122%	$93K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06820	+0.045%	$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	0.06807	−0.147%	$2K	$820K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06815	−0.032%	$5K	$226K	5x	as long as short
BloFin BASED-USDTshort	+0.0158%	4h	0.06816	−0.015%	$251K	$41K	25x
Aster BASEDUSDT	+0.0299%	4h	0.06815	−0.034%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0341%	4h	0.06817	0.000%	$3K	$652	10x	as long as short