BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.40 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.205%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$830as in the Funding arb table

Net, price: spread back to 7d avg − costs−$808as in the Price arb table

costs, in and out, $10k−$8298.286% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.275%−$28 · spread now +0.205%, 7d avg 0.000%

Together, before fees−0.289%−$29 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 KuCoin is 0.205% dearer against Gate than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06825	0.0100	pay 0.0050% / 4h	1h 32m	$535K	$596K	50x
Short	KuCoin BASEDUSDTM	0.06839	0.0180	get 0.0090% / 4h	1h 32m	$582K	$71K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.205%Rate

Funding earned: $16.8
Price spread: +0.205% → 0.000%: $20.51
Slippage, 4 orders: −$801.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$791.31
Costs to cover: 8.286%
Break-even: 336.7 days

Slippage from Gate: live order book, 8 min ago; KuCoin: live order book, 11 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, 8 min ago	10.20 bp	39.5 bp −$40	6770.1 bp −$67.7K	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	19.61 bp	424.0 bp −$424	935.5 bp −$9,355	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	+0.0072%	4h	0.06843	+0.264%	$260K	$50K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06832	+0.110%	$4.2M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06821	−0.059%	$2.1M	$729K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06823	−0.029%	$2.7M	$3.9M	20x	as long as short
Gate BASED_USDTlong	+0.0100%	4h	0.06825	long leg	$535K	$596K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06834	+0.132%	$4.9M	$536K	50x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06833	+0.117%	$1.3M	$390K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06823	−0.029%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06840	+0.224%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06830	+0.073%	$99K	$376K	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	0.06827	+0.029%	$1K	$928K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06831	+0.085%	$2K	$191K	5x	as long as short
Aster BASEDUSDT	+0.0130%	4h	0.06834	+0.137%	$29K	$5K	5x	as long as short
KuCoin BASEDUSDTMshort	+0.0180%	4h	0.06839	+0.205%	$582K	$71K	20x
Orderly PERP_BASED_USDC	+0.0382%	4h	0.06826	+0.015%	$3K	$664	10x	as long as short