BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.002%

Price spread now: BingX against BloFin0.000%51s7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as 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−$840.843% of the position

Long on BloFin Short on BingX

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)−0.076%−$8 · spread now 0.000%, 7d avg −0.073%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.073% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.073%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 7 days (0.000% in total) that is about years. The two prices were read 51 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	BloFin BASED-USDT	0.06884	0.0114	pay 0.0057% / 4h	2h 16m	$259K	$50K	25x
Short	BingX BASED-USDT	0.06884	0.0100	get 0.0050% / 4h	2h 16m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$2.97
Price spread: 0.000% → −0.073%: $7.31
Slippage, 4 orders: −$62.32
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$79.98
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from BloFin: live order book, 65 min ago; BingX: live order book, 1 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 BloFin live order book, 65 min ago	2.19 bp	17.3 bp −$17	67.1 bp −$671	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	4.36 bp	22.3 bp −$22	86.3 bp −$863	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	0.06881	−0.044%	$4.3M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06877	−0.102%	$2.1M	$700K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06876	−0.116%	$2.7M	$3.9M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06878	−0.087%	$541K	$602K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06886	+0.029%	$4.9M	$534K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06859	−0.363%	$585K	$73K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06882	−0.029%	$1.3M	$383K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06884	0.000%	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06846	−0.548%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06831	−0.769%	$93K	$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	0.06881	−0.044%	$2K	$925K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06881	−0.043%	$2K	$231K	5x	as long as short
BloFin BASED-USDTlong	+0.0114%	4h	0.06884	long leg	$259K	$50K	25x
Aster BASEDUSDT	+0.0138%	4h	0.06883	−0.021%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0311%	4h	0.06883	−0.015%	$3K	$664	10x	as long as short