Funding arb · Price arb /

BASED

all BASED markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against SunX+0.132%7-day average −0.002% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.132%, 7d avg −0.002%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.135% dearer against SunX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BASED-USDT	0.06804	0.0100	pay 0.0050% / 4h	3m 32s	$1K	$831K	20x
Short	BingX BASED-USDT	0.06813	0.0100	get 0.0050% / 4h	3m 32s	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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 SunXbpFee BingXbpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → −0.002%: $13.46
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$4.54
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 58 min ago; BingX: live order book, 3 min ago. Net counts fees only.

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 SunX live order book, 58 min ago	500.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	4.41 bp	21.7 bp −$22	81.1 bp −$811	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	+0.0073%	4h	0.06807	+0.044%	$251K	$41K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06823	+0.286%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06808	+0.059%	$2.1M	$595K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06815	+0.162%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06808	+0.059%	$542K	$544K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06822	+0.265%	$4.8M	$647K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06801	−0.044%	$570K	$65K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06825	+0.309%	$1.3M	$370K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06813	+0.132%	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06794	−0.153%	$93K	$21K	—	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	0.06800	−0.058%	$99K	$374K	10x	as long as short
SunX BASED-USDTlong	+0.0100%	4h	0.06804	long leg	$1K	$831K	20x
Extended BASED-USD	+0.0104%	1h	0.06820	+0.235%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0257%	4h	0.06811	+0.107%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0295%	4h	0.06817	+0.191%	$3K	$652	10x	as long as short