BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against BingX+0.073%66s7-day average +0.086% · 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—prices read too far apart to compare

costs, in and out, $10k−$770.771% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.073%, 7d avg +0.086%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.086%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BASED-USDT	0.06822	0.0100	pay 0.0050% / 4h	0m 06s	—	$1.7M	—
Short	BloFin BASED-USDT	0.06827	0.0119	get 0.0059% / 4h	0m 06s	$251K	$41K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.073%Rate

Funding earned: $3.89
Price spread: +0.073% → +0.086%: −$1.25
Slippage, 4 orders: −$55.13
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$74.49
Costs to cover: 0.771%
Break-even: 141.2 days

Slippage from BingX: live order book, 7 min ago; BloFin: live order book, 6 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 BingX live order book, 7 min ago	4.41 bp	20.7 bp −$21	78.7 bp −$787	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	2.94 bp	17.8 bp −$18	52.2 bp −$522	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
Binance BASEDUSDT	+0.0100%	4h	0.06826	+0.061%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06815	−0.103%	$2.1M	$594K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06818	−0.059%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06812	−0.147%	$542K	$545K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06825	+0.044%	$4.8M	$647K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06806	−0.235%	$570K	$62K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06825	+0.044%	$1.3M	$370K	25x	as long as short
BingX BASED-USDTlong	+0.0100%	4h	0.06822	long leg	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06812	−0.153%	$93K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06800	−0.322%	$99K	$374K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06817	−0.073%	$1K	$833K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06824	+0.023%	$5K	$226K	5x	as long as short
BloFin BASED-USDTshort	+0.0119%	4h	0.06827	+0.073%	$251K	$41K	25x
Aster BASEDUSDT	+0.0285%	4h	0.06819	−0.043%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0294%	4h	0.06824	+0.029%	$3K	$652	10x	as long as short