Funding arb · Price arb /

BASED

all BASED markets

Swap Backtest

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: Binance against OKX+0.036%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.098%+$10 · spread now +0.036%, 7d avg +0.080%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.045% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BASED-USDT-SWAP	0.06817	0.0100	pay 0.0050% / 4h	36m 37s	$2.6M	$3.6M	20x
Short	Binance BASEDUSDT	0.06819	0.0100	get 0.0050% / 4h	36m 37s	$4.2M	$3.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.080%: −$4.46
Slippage, 4 orders: −$57.04
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$81.5
Costs to cover: 0.770%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Binance: live order book, 15 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 OKX live order book, 1 min ago	0.73 bp	17.4 bp −$17	99.8 bp −$998	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	2.19 bp	23.0 bp −$23	99.8 bp −$998	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
BloFin BASED-USDT	+0.0061%	4h	0.06828	+0.161%	$211K	$41K	25x	as long as short
Binance BASEDUSDTshort	+0.0100%	4h	0.06819	+0.036%	$4.2M	$3.0M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06811	−0.088%	$2.1M	$580K	25x	as long as short
OKX BASED-USDT-SWAPlong	+0.0100%	4h	0.06817	long leg	$2.6M	$3.6M	20x
Gate BASED_USDT	+0.0100%	4h	0.06818	+0.015%	$542K	$534K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06815	−0.029%	$4.8M	$644K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06819	+0.029%	$571K	$83K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06828	+0.161%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06818	+0.015%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06818	+0.010%	$93K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06823	+0.084%	$89K	$363K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06810	−0.103%	$1K	$819K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06818	+0.015%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0314%	4h	0.06818	+0.013%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0343%	4h	0.06815	−0.029%	$3K	$652	10x	as long as short