BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC−0.218%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$897as in the Funding arb table

Net, price: spread back to 7d avg − costs−$909as in the Price arb table

costs, in and out, $10k−$8938.932% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.218%, 7d avg −0.058%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.159% cheaper against MEXC than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.058%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BASED_USDT	0.06896	0.0120	pay 0.0060% / 4h	3h 16m	$4.9M	$651K	50x
Short	KuCoin BASEDUSDTM	0.06881	0.0100	get 0.0050% / 4h	3h 16m	$573K	$56K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.218%Rate

Funding earned: −$4.2
Price spread: −0.218% → −0.058%: −$15.93
Slippage, 4 orders: −$877.17
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$913.3
Costs to cover: 8.932%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; KuCoin: live order book, 36 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, 6 min ago	2.91 bp	13.4 bp −$13	46.8 bp −$468	207.6 bp −$20.8K	749.3 bp −$374.6K
Sell KuCoin live order book, 36 min ago	24.21 bp	408.6 bp −$409	939.6 bp −$9,396	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
Bybit BASEDUSDT	+0.0100%	4h	0.06889	−0.102%	$2.1M	$602K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06894	−0.029%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06886	−0.145%	$547K	$546K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06881	−0.218%	$573K	$56K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06899	+0.044%	$1.3M	$360K	25x	as long as short
Variational Omni BASED	+0.0100%	4h	0.06868	−0.408%	$94K	$19K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06856	−0.581%	$91K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06888	−0.116%	$1K	$842K	20x	as long as short
Extended BASED-USD	+0.0120%	1h	0.06895	−0.013%	$4K	$204K	5x	as long as short
MEXC BASED_USDTlong	+0.0120%	4h	0.06896	long leg	$4.9M	$651K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BASED-USDT	+0.0122%	4h	0.06897	+0.015%	—	$1.6M	—	as long as short
Binance BASEDUSDT	+0.0124%	4h	0.06898	+0.030%	$4.2M	$3.1M	25x	as long as short
BloFin BASED-USDT	+0.0183%	4h	0.06889	−0.102%	$253K	$41K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0299%	4h	0.06893	−0.044%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0387%	4h	0.06891	−0.079%	$29K	$6K	5x	as long as short