BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against MEXC+0.088%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$610.609% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.088%, 7d avg +0.026%

Together, before fees−0.086%−$9 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 BloFin is 0.062% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BASED_USDT	0.06803	0.0100	pay 0.0050% / 4h	1h 20m	$4.8M	$646K	50x
Short	BloFin BASED-USDT	0.06809	0.0126	get 0.0063% / 4h	1h 20m	$252K	$38K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.088%Rate

Funding earned: $5.56
Price spread: +0.088% → +0.026%: $6.21
Slippage, 4 orders: −$44.93
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$49.16
Costs to cover: 0.609%
Break-even: 68.9 days

Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 55 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 MEXC live order book, 2 min ago	2.94 bp	12.4 bp −$12	44.5 bp −$445	196.2 bp −$19.6K	775.2 bp −$387.6K
Sell BloFin live order book, 55 min ago	0.74 bp	16.4 bp −$16	60.2 bp −$602	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	0.06802	−0.014%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06795	−0.118%	$2.1M	$578K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06797	−0.088%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06802	−0.015%	$541K	$528K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06803	long leg	$4.8M	$646K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06788	−0.220%	$569K	$106K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06803	0.000%	$1.3M	$363K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06797	−0.088%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06783	−0.299%	$93K	$22K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06740	−0.925%	$97K	$354K	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	0.06803	0.000%	$1K	$804K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06802	−0.016%	$5K	$226K	5x	as long as short
BloFin BASED-USDTshort	+0.0126%	4h	0.06809	+0.088%	$252K	$38K	25x
Aster BASEDUSDT	+0.0169%	4h	0.06800	−0.039%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0351%	4h	0.06805	+0.029%	$3K	$652	10x	as long as short