BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.25 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Bybit+0.116%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1351.351% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 3 days (all we have)+0.043%+$4 · spread now +0.116%, 7d avg +0.137%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.021% cheaper against Bybit than usual: you would sell low and buy high (spread +0.116% now, against its 7-day average of +0.137%). If the spread goes back, that is −$2 on $10k: about 34 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06881	0.0100	pay 0.0050% / 4h	3h 08m	$2.1M	$603K	25x
Short	BloFin BASED-USDT	0.06889	0.0149	get 0.0075% / 4h	3h 08m	$254K	$41K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.116%Rate

Funding earned: $10.35
Price spread: +0.116% → +0.137%: −$2.07
Slippage, 4 orders: −$112.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$126.83
Costs to cover: 1.351%
Break-even: 92.8 days

Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 57 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 Bybit live order book, 3 min ago	4.36 bp	30.2 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 57 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
Bybit BASEDUSDTlong	+0.0100%	4h	0.06881	long leg	$2.1M	$603K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06883	+0.029%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06885	+0.058%	$547K	$551K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06893	+0.174%	$574K	$58K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06893	+0.174%	$1.3M	$356K	25x	as long as short
Variational Omni BASED	+0.0100%	4h	0.06881	−0.002%	$94K	$18K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06861	−0.292%	$91K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06885	+0.058%	$1K	$843K	20x	as long as short
BingX BASED-USDT	+0.0134%	4h	0.06885	+0.058%	—	$1.7M	—	as long as short
Extended BASED-USD	+0.0136%	1h	0.06885	+0.059%	$4K	$204K	5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BASEDUSDT	+0.0136%	4h	0.06889	+0.112%	$4.2M	$3.1M	25x	as long as short
MEXC BASED_USDT	+0.0138%	4h	0.06888	+0.102%	$4.9M	$652K	50x	as long as short
BloFin BASED-USDTshort	+0.0149%	4h	0.06889	+0.116%	$254K	$41K	25x
Orderly PERP_BASED_USDC	+0.0294%	4h	0.06888	+0.102%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0408%	4h	0.06887	+0.084%	$29K	$6K	5x	as long as short