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

BASED

all BASED markets
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: BingX against OKX+0.015%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$820.817% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.042%+$4 on $10k
Price spread, last 7 days+0.020%+$2 · spread now +0.015%, 7d avg +0.018%
Together, before fees+0.062%+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BASED-USDT-SWAP0.067790.0100pay 0.0050% / 4h1h 40m$2.6M$3.4M20x
ShortBingX BASED-USDT0.067800.0100get 0.0050% / 4h1h 40m$1.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: +0.015% → +0.018%
−$0.37
Slippage, 4 orders
−$61.7
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$82.07
Costs to cover
0.817%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; BingX: live order book, 6 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 OKX live order book, 1 min ago0.74 bp15.9 bp −$1693.0 bp −$930doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago5.18 bp25.8 bp −$2684.1 bp −$841doesn'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
Binance BASEDUSDT+0.0100%4h0.06786+0.101%$4.2M$2.9M25xas long as short
Bybit BASEDUSDT+0.0100%4h0.06777−0.030%$2.1M$578K25xas long as short
OKX BASED-USDT-SWAPlong+0.0100%4h0.06779long leg$2.6M$3.4M20x
Gate BASED_USDT+0.0100%4h0.06785+0.089%$539K$521K50xas long as short
MEXC BASED_USDT+0.0100%4h0.06784+0.074%$4.8M$645K50xas long as short
KuCoin BASEDUSDTM+0.0100%4h0.06777−0.030%$568K$110K20xas long as short
Bitget BASEDUSDT+0.0100%4h0.06789+0.148%$1.3M$361K25xas long as short
BingX BASED-USDTshort+0.0100%4h0.06780+0.015%$1.6M
Variational Omni BASED+0.0100%4h0.06755−0.349%$92K$22Kas long as short
GRVT BASED_USDT_Perp+0.0100%4h0.06770−0.128%$98K$354K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX BASED-USDT+0.0100%4h0.06782+0.044%$1K$799K20xas long as short
Extended BASED-USD+0.0104%1h0.06785+0.084%$5K$226K5xas long as short
BloFin BASED-USDT+0.0106%4h0.06787+0.118%$251K$37K25xas long as short
Aster BASEDUSDT+0.0145%4h0.06784+0.069%$29K$6K5xas long as short
Orderly PERP_BASED_USDC+0.0334%4h0.06786+0.103%$3K$65210xas long as short