Funding arb · Price arb /

BASED

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.003%

Price spread now: Extended against BloFin+0.047%74s7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as 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−$1001.002% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.047%, 7d avg −0.041%

Together, before fees−0.048%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.088% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.041%. The two prices were read 74 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	0.06830	0.0051	pay 0.0026% / 4h	3h 57m	$259K	$47K	25x
Short	Extended BASED-USD	0.06833	0.0104	get 0.0013% / 1h	57m 43s	$2K	$201K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.047%Rate

Funding earned: $11.04
Price spread: +0.047% → −0.041%: $8.79
Slippage, 4 orders: −$83.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$80.34
Costs to cover: 1.002%
Break-even: 57.9 days

Slippage from BloFin: live order book, 34 min ago; Extended: live order book, 59 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, 34 min ago	0.73 bp	10.2 bp −$10	67.8 bp −$678	doesn't fit	doesn't fit
Sell Extended live order book, 59 min ago	1.54 bp	50.9 bp −$51	288.0 bp −$2,880	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	+0.0051%	4h	0.06830	long leg	$259K	$47K	25x
Aster BASEDUSDT	+0.0100%	4h	0.06832	+0.033%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06835	+0.073%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06824	−0.088%	$2.1M	$707K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06831	+0.015%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06825	−0.073%	$535K	$577K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06837	+0.102%	$4.9M	$537K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06825	−0.073%	$578K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06830	0.000%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06827	−0.044%	—	$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	0.06819	−0.164%	$94K	$13K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06771	−0.867%	$95K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06829	−0.015%	$2K	$902K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06833	+0.047%	$2K	$201K	5x
Orderly PERP_BASED_USDC	+0.0291%	4h	0.06833	+0.044%	$3K	$664	10x	as long as short