BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.11 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate+0.218%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1131.129% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.299%−$30 · spread now +0.218%, 7d avg +0.054%

Together, before fees−0.279%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.164% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06874	0.0100	pay 0.0050% / 4h	3h 18m	$546K	$545K	50x
Short	Binance BASEDUSDT	0.06889	0.0121	get 0.0061% / 4h	3h 18m	$4.2M	$3.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.218%Rate

Funding earned: $4.48
Price spread: +0.218% → +0.054%: $16.4
Slippage, 4 orders: −$87.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$92.01
Costs to cover: 1.129%
Break-even: 150.9 days

Slippage from Gate: live order book, 53 min ago; Binance: live order book, 4 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 Gate live order book, 53 min ago	8.10 bp	33.8 bp −$34	5715.0 bp −$57.2K	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.73 bp	21.8 bp −$22	99.1 bp −$991	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-USDT	+0.0069%	4h	0.06883	+0.131%	$253K	$41K	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06876	+0.029%	$2.1M	$603K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06887	+0.189%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDTlong	+0.0100%	4h	0.06874	long leg	$546K	$545K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06872	−0.029%	$576K	$54K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06891	+0.247%	$1.3M	$360K	25x	as long as short
Variational Omni BASED	+0.0100%	4h	0.06868	−0.089%	$94K	$19K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06856	−0.263%	$91K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06874	0.000%	$1K	$843K	20x	as long as short
Extended BASED-USD	+0.0120%	1h	0.06889	+0.214%	$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
MEXC BASED_USDT	+0.0120%	4h	0.06887	+0.189%	$4.9M	$651K	50x	as long as short
Binance BASEDUSDTshort	+0.0121%	4h	0.06889	+0.218%	$4.2M	$3.0M	25x
BingX BASED-USDT	+0.0124%	4h	0.06881	+0.102%	—	$1.6M	—	as long as short
Orderly PERP_BASED_USDC	+0.0296%	4h	0.06891	+0.247%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0386%	4h	0.06880	+0.091%	$29K	$6K	5x	as long as short