BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.002%

Price spread now: Gate against BloFin−0.015%93s7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as 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−$1191.191% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.015%, 7d avg −0.071%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.057% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.071%. The two prices were read 93 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	0.06772	0.0045	pay 0.0023% / 4h	47m 29s	$260K	$47K	25x
Short	Gate BASED_USDT	0.06771	0.0100	get 0.0050% / 4h	47m 29s	$531K	$582K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.015%Rate

Funding earned: $11.55
Price spread: −0.015% → −0.071%: $5.66
Slippage, 4 orders: −$92.08
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$101.87
Costs to cover: 1.191%
Break-even: 68.8 days

Slippage from BloFin: live order book, 51 min ago; Gate: live order book, 9 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, 51 min ago	3.63 bp	13.7 bp −$14	59.9 bp −$599	doesn't fit	doesn't fit
Sell Gate live order book, 9 min ago	8.81 bp	38.9 bp −$39	doesn't fit	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-USDTlong	+0.0045%	4h	0.06772	long leg	$260K	$47K	25x
Aster BASEDUSDT	+0.0100%	4h	0.06775	+0.048%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06777	+0.072%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06761	−0.162%	$2.1M	$697K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06773	+0.015%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06771	−0.015%	$531K	$582K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06777	+0.074%	$4.8M	$591K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06778	+0.089%	$565K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06771	−0.015%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06769	−0.044%	—	$1.7M	—	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	0.06776	+0.056%	$94K	$15K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06777	+0.073%	$94K	$380K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06768	−0.059%	$1K	$888K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06774	+0.033%	$3K	$200K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0229%	4h	0.06780	+0.118%	$3K	$664	10x	as long as short