BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against OKX−0.029%53s7-day average +0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.787% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.029%, 7d avg +0.095%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.125% cheaper against OKX than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.095%). If the spread goes back, that is −$12 on $10k: about 7.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.042% in total) that is about 21 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BASED-USDT-SWAP	0.06859	0.0100	pay 0.0050% / 4h	3h 50m	$2.7M	$3.8M	20x
Short	BloFin BASED-USDT	0.06857	0.0159	get 0.0079% / 4h	3h 50m	$259K	$48K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now −0.029%Rate

Funding earned: $12.29
Price spread: −0.029% → +0.095%: −$12.46
Slippage, 4 orders: −$56.73
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$78.9
Costs to cover: 0.787%
Break-even: 51.9 days

Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 41 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 OKX live order book, 2 min ago	2.19 bp	24.0 bp −$24	127.2 bp −$1,272	doesn't fit	doesn't fit
Sell BloFin live order book, 41 min ago	0.73 bp	21.9 bp −$22	88.7 bp −$887	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
Aster BASEDUSDT	+0.0100%	4h	0.06855	−0.058%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06862	+0.047%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06848	−0.160%	$2.1M	$701K	25x	as long as short
OKX BASED-USDT-SWAPlong	+0.0100%	4h	0.06859	long leg	$2.7M	$3.8M	20x
Gate BASED_USDT	+0.0100%	4h	0.06851	−0.117%	$538K	$582K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06861	+0.029%	$4.9M	$537K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06846	−0.190%	$581K	$71K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06867	+0.117%	$1.3M	$366K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06854	−0.073%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06847	−0.178%	$94K	$14K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06850	−0.131%	$96K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06856	−0.044%	$2K	$901K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06858	−0.014%	$2K	$201K	5x	as long as short
BloFin BASED-USDTshort	+0.0159%	4h	0.06857	−0.029%	$259K	$48K	25x
Orderly PERP_BASED_USDC	+0.0279%	4h	0.06858	−0.015%	$3K	$664	10x	as long as short