BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h −0.002%

Price spread now: OKX against BloFin−0.044%73s7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as 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−$710.714% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.044%, 7d avg −0.107%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.063% dearer against BloFin than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.107%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.044% in total) that is about 10 days. The two prices were read 73 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	0.06889	0.0149	pay 0.0075% / 4h	3h 07m	$254K	$41K	25x
Short	OKX BASED-USDT-SWAP	0.06886	0.0100	get 0.0050% / 4h	3h 07m	$2.6M	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$10.35
Price spread: −0.044% → −0.107%: $6.34
Slippage, 4 orders: −$49.35
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$75.36
Costs to cover: 0.714%
Break-even: never at this rate

Slippage from BloFin: live order book, 58 min ago; OKX: live order book, 4 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, 58 min ago	2.94 bp	16.9 bp −$17	52.5 bp −$525	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.73 bp	19.6 bp −$20	103.3 bp −$1,033	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
Bybit BASEDUSDT	+0.0100%	4h	0.06881	−0.116%	$2.1M	$603K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06886	−0.044%	$2.6M	$3.6M	20x
Gate BASED_USDT	+0.0100%	4h	0.06883	−0.087%	$547K	$551K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06891	+0.029%	$570K	$58K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06893	+0.058%	$1.3M	$356K	25x	as long as short
Variational Omni BASED	+0.0100%	4h	0.06881	−0.118%	$94K	$18K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06861	−0.408%	$91K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06883	−0.087%	$964	$843K	20x	as long as short
BingX BASED-USDT	+0.0134%	4h	0.06888	−0.015%	—	$1.7M	—	as long as short
Extended BASED-USD	+0.0136%	1h	0.06886	−0.038%	$4K	$204K	5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BASEDUSDT	+0.0136%	4h	0.06890	+0.008%	$4.2M	$3.1M	25x	as long as short
MEXC BASED_USDT	+0.0138%	4h	0.06889	0.000%	$4.9M	$652K	50x	as long as short
BloFin BASED-USDTlong	+0.0149%	4h	0.06889	long leg	$254K	$41K	25x
Orderly PERP_BASED_USDC	+0.0292%	4h	0.06888	−0.015%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0408%	4h	0.06887	−0.030%	$29K	$6K	5x	as long as short