BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against BloFin−0.087%82s7-day average −0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as 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−$1491.486% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 3 days (all we have)−0.072%−$7 · spread now −0.087%, 7d avg −0.137%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.050% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.137%. Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour. The two prices were read 82 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	BloFin BASED-USDT	0.06894	0.0087	pay 0.0043% / 4h	3h 13m	$254K	$41K	25x
Short	Bybit BASEDUSDT	0.06888	0.0100	get 0.0050% / 4h	3h 13m	$2.1M	$602K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.087%Rate

Funding earned: $2.83
Price spread: −0.087% → −0.137%: $4.99
Slippage, 4 orders: −$125.64
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$140.81
Costs to cover: 1.486%
Break-even: 355.5 days

Slippage from BloFin: live order book, 52 min ago; Bybit: live order book, 3 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 BloFin live order book, 52 min ago	2.94 bp	16.9 bp −$17	52.5 bp −$525	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.09 bp	70.6 bp −$71	1008.3 bp −$10.1K	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-USDTlong	+0.0087%	4h	0.06894	long leg	$254K	$41K	25x
Bybit BASEDUSDTshort	+0.0100%	4h	0.06888	−0.087%	$2.1M	$602K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06891	−0.044%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06887	−0.102%	$548K	$547K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06896	+0.029%	$575K	$56K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06896	+0.029%	$1.3M	$357K	25x	as long as short
Variational Omni BASED	+0.0100%	4h	0.06877	−0.240%	$94K	$18K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06864	−0.433%	$91K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06887	−0.102%	$1K	$843K	20x	as long as short
BingX BASED-USDT	+0.0122%	4h	0.06894	0.000%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BASED_USDT	+0.0128%	4h	0.06894	0.000%	$4.9M	$652K	50x	as long as short
Binance BASEDUSDT	+0.0135%	4h	0.06897	+0.044%	$4.2M	$3.0M	25x	as long as short
Extended BASED-USD	+0.0136%	1h	0.06895	+0.007%	$4K	$204K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0297%	4h	0.06896	+0.029%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0398%	4h	0.06891	−0.047%	$29K	$6K	5x	as long as short