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

BASED

all BASED markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX+0.015%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1181.184% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)+0.291%+$29 · spread now +0.015%, 7d avg +0.033%
Together, before fees+0.305%+$30 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BASED-USDT-SWAP0.068140.0100pay 0.0050% / 4h6m 32s$2.7M$3.8M20x
ShortGate BASED_USDT0.068150.0100get 0.0050% / 4h6m 32s$534K$599K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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% → +0.033%
−$1.8
Slippage, 4 orders
−$93.36
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$120.16
Costs to cover
1.184%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Gate: live order book, 50 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 ago1.47 bp24.5 bp −$24122.3 bp −$1,223doesn't fitdoesn't fit
Sell Gate live order book, 50 min ago8.81 bp38.9 bp −$39doesn't fitdoesn'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
Aster BASEDUSDT+0.0100%4h0.06821+0.096%$29K$6K5xas long as short
Binance BASEDUSDT+0.0100%4h0.06819+0.073%$4.2M$3.1M25xas long as short
Bybit BASEDUSDT+0.0100%4h0.06807−0.103%$2.1M$706K25xas long as short
OKX BASED-USDT-SWAPlong+0.0100%4h0.06814long leg$2.7M$3.8M20x
Gate BASED_USDTshort+0.0100%4h0.06815+0.015%$534K$599K50x
MEXC BASED_USDT+0.0100%4h0.06822+0.117%$4.9M$596K50xas long as short
KuCoin BASEDUSDTM+0.0100%4h0.06816+0.029%$578K$72K20xas long as short
Bitget BASEDUSDT+0.0100%4h0.06824+0.147%$1.3M$369K25xas long as short
BingX BASED-USDT+0.0100%4h0.06815+0.015%$1.7Mas long as short
Variational Omni BASED+0.0100%4h0.06810−0.055%$94K$15Kas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BASED_USDT_Perp+0.0100%4h0.06782−0.476%$95K$382K10xas long as short
SunX BASED-USDT+0.0100%4h0.06820+0.088%$1K$901K20xas long as short
Extended BASED-USD+0.0104%1h0.06817+0.045%$2K$201K5xas long as short
BloFin BASED-USDT+0.0133%4h0.06827+0.191%$258K$47K25xas long as short
Orderly PERP_BASED_USDC+0.0284%4h0.06818+0.059%$3K$66410xas long as short