BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.12 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Binance+0.211%81s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as 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−$840.843% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.211%, 7d avg +0.008%

Together, before fees−0.232%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.203% dearer against Binance than usual: you sell high and buy low (spread +0.211% now, against its 7-day average of +0.008%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 28 days. The two prices were read 81 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	Binance BASEDUSDT	0.06847	0.0100	pay 0.0050% / 4h	3h 09m	$4.2M	$3.1M	25x
Short	BloFin BASED-USDT	0.06861	0.0076	get 0.0038% / 4h	3h 09m	$261K	$49K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.211%Rate

Funding earned: −$5.14
Price spread: +0.211% → +0.008%: $20.29
Slippage, 4 orders: −$62.28
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$69.13
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; BloFin: live order book, 12 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 Binance live order book, 12 min ago	1.46 bp	23.8 bp −$24	121.7 bp −$1,217	doesn't fit	doesn't fit
Sell BloFin live order book, 12 min ago	2.19 bp	19.2 bp −$19	61.2 bp −$612	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-USDTshort	+0.0076%	4h	0.06861	+0.211%	$261K	$49K	25x
Aster BASEDUSDT	+0.0100%	4h	0.06844	−0.030%	$29K	$6K	5x	as long as short
Binance BASEDUSDTlong	+0.0100%	4h	0.06847	long leg	$4.2M	$3.1M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06834	−0.183%	$2.1M	$693K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06843	−0.052%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06841	−0.081%	$538K	$594K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06848	+0.021%	$4.9M	$540K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06854	+0.109%	$581K	$71K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06843	−0.052%	$1.3M	$358K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06844	−0.037%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06839	−0.114%	$94K	$14K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06859	+0.180%	$96K	$395K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06839	−0.110%	$1K	$903K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06844	−0.038%	$2K	$195K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0261%	4h	0.06846	−0.008%	$3K	$664	10x	as long as short