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: KuCoin against OKX0.000%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$900as in the Funding arb table

Net, price: spread back to 7d avg − costs−$904as in the Price arb table

costs, in and out, $10k−$9009.004% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.397%+$40 · spread now 0.000%, 7d avg +0.033%

Together, before fees+0.397%+$40 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: KuCoin is 0.033% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BASED-USDT-SWAP	0.06712	0.0100	pay 0.0050% / 4h	2h 49m	$2.6M	$3.3M	20x
Short	KuCoin BASEDUSDTM	0.06712	0.0100	get 0.0050% / 4h	2h 49m	$560K	$111K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.033%: −$3.33
Slippage, 4 orders: −$878.41
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$903.74
Costs to cover: 9.004%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 33 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, 3 min ago	0.74 bp	16.0 bp −$16	96.5 bp −$965	doesn't fit	doesn't fit
Sell KuCoin live order book, 33 min ago	13.40 bp	403.6 bp −$404	912.6 bp −$9,126	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	+0.0097%	4h	0.06729	+0.253%	$210K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06719	+0.102%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06722	+0.149%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06708	−0.060%	$2.1M	$571K	25x	as long as short
OKX BASED-USDT-SWAPlong	+0.0100%	4h	0.06712	long leg	$2.6M	$3.3M	20x
Gate BASED_USDT	+0.0100%	4h	0.06718	+0.089%	$534K	$511K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06721	+0.134%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06712	0.000%	$560K	$111K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06730	+0.268%	$1.3M	$358K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06717	+0.074%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06704	−0.119%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06727	+0.228%	$92K	$388K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06714	+0.030%	$2K	$787K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06721	+0.140%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0261%	4h	0.06720	+0.119%	$3K	$652	10x	as long as short