BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Bitget−0.029%115s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as 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−$840.836% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now −0.029%, 7d avg +0.001%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.030% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 115 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	Bitget BASEDUSDT	0.06896	0.0100	pay 0.0050% / 4h	3h 13m	$1.3M	$357K	25x
Short	BloFin BASED-USDT	0.06894	0.0087	get 0.0043% / 4h	3h 13m	$254K	$41K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$2.83
Price spread: −0.029% → +0.001%: −$2.97
Slippage, 4 orders: −$59.59
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$89.39
Costs to cover: 0.836%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 53 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 Bitget live order book, 3 min ago	5.07 bp	26.8 bp −$27	121.2 bp −$1,212	doesn't fit	doesn't fit
Sell BloFin live order book, 53 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
BloFin BASED-USDTshort	+0.0087%	4h	0.06894	−0.029%	$254K	$41K	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06888	−0.116%	$2.1M	$602K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06894	−0.029%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06887	−0.131%	$548K	$548K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06896	0.000%	$575K	$56K	20x	as long as short
Bitget BASEDUSDTlong	+0.0100%	4h	0.06896	long leg	$1.3M	$357K	25x
Variational Omni BASED	+0.0100%	4h	0.06877	−0.269%	$94K	$18K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06862	−0.489%	$91K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06887	−0.131%	$1K	$843K	20x	as long as short
BingX BASED-USDT	+0.0122%	4h	0.06894	−0.029%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BASED_USDT	+0.0134%	4h	0.06895	−0.015%	$4.9M	$652K	50x	as long as short
Extended BASED-USD	+0.0136%	1h	0.06894	−0.030%	$4K	$204K	5x	as long as short
Binance BASEDUSDT	+0.0138%	4h	0.06895	−0.008%	$4.2M	$3.0M	25x	as long as short
Orderly PERP_BASED_USDC	+0.0297%	4h	0.06896	0.000%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0403%	4h	0.06891	−0.071%	$29K	$6K	5x	as long as short