Settings8H · net · $10k
Funding arb · Price arb /

BASED

all BASED markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against MEXC−0.030%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$910.915% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.007%−$1 on $10k
Price spread, last 4 days (all we have)−0.212%−$21 · spread now −0.030%, 7d avg −0.033%
Together, before fees−0.219%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BASED_USDT0.067740.0100pay 0.0050% / 4h2h 20m$4.8M$656K50x
ShortExtended BASED-USD0.067720.0104get 0.0013% / 1h20m 43s$5K$226K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.030% → −0.033%
$0.24
Slippage, 4 orders
−$82.46
Fee MEXC: 2 bp × 2 orders
−$4
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$90.38
Costs to cover
0.915%
Break-even
760.1 days
Slippage from MEXC: live order book, 1 min ago; Extended: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 1 min ago1.48 bp11.5 bp −$1240.0 bp −$400181.3 bp −$18.1K745.9 bp −$373.0K
Sell Extended live order book, 1 min ago1.70 bp47.4 bp −$47285.5 bp −$2,855doesn't fitdoesn't fit

BASED on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BASEDUSDT+0.0100%4h0.06773−0.013%$4.2M$2.9M25xas long as short
Bybit BASEDUSDT+0.0100%4h0.06767−0.103%$2.1M$576K25xas long as short
OKX BASED-USDT-SWAP+0.0100%4h0.06767−0.103%$2.6M$3.4M20xas long as short
Gate BASED_USDT+0.0100%4h0.06772−0.030%$539K$519K50xas long as short
MEXC BASED_USDTlong+0.0100%4h0.06774long leg$4.8M$656K50x
KuCoin BASEDUSDTM+0.0100%4h0.06770−0.059%$565K$111K20xas long as short
Bitget BASEDUSDT+0.0100%4h0.06782+0.118%$1.3M$360K25xas long as short
BingX BASED-USDT+0.0100%4h0.06773−0.015%$1.6Mas long as short
Variational Omni BASED+0.0100%4h0.06752−0.328%$92K$22Kas long as short
GRVT BASED_USDT_Perp+0.0100%4h0.06776+0.027%$93K$372K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX BASED-USDT+0.0100%4h0.06768−0.089%$1K$797K20xas long as short
Extended BASED-USDshort+0.0104%1h0.06772−0.030%$5K$226K5x
BloFin BASED-USDT+0.0105%4h0.06779+0.074%$251K$37K25xas long as short
Aster BASEDUSDT+0.0177%4h0.06775+0.012%$29K$6K5xas long as short
Orderly PERP_BASED_USDC+0.0307%4h0.067740.000%$3K$65210xas long as short