BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.121%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1431.435% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 7 days+0.094%+$9 · spread now +0.121%, 7d avg +0.146%

Together, before fees+0.139%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.025% cheaper against Bybit than usual: you would sell low and buy high (spread +0.121% now, against its 7-day average of +0.146%). If the spread goes back, that is −$3 on $10k: about 3.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06889	0.0100	pay 0.0050% / 4h	3h 17m	$2.1M	$602K	25x
Short	Binance BASEDUSDT	0.06897	0.0124	get 0.0062% / 4h	3h 17m	$4.2M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.121%Rate

Funding earned: $5.02
Price spread: +0.121% → +0.146%: −$2.54
Slippage, 4 orders: −$122.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$140.99
Costs to cover: 1.435%
Break-even: 203.5 days

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 5 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 Bybit live order book, 5 min ago	6.55 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.73 bp	21.8 bp −$22	99.1 bp −$991	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 BASEDUSDTlong	+0.0100%	4h	0.06889	long leg	$2.1M	$602K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06892	+0.044%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06884	−0.073%	$547K	$546K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06882	−0.102%	$577K	$56K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06896	+0.102%	$1.3M	$360K	25x	as long as short
Variational Omni BASED	+0.0100%	4h	0.06868	−0.307%	$94K	$19K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06856	−0.480%	$91K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06888	−0.015%	$1K	$842K	20x	as long as short
Extended BASED-USD	+0.0120%	1h	0.06894	+0.076%	$4K	$204K	5x	as long as short
MEXC BASED_USDT	+0.0120%	4h	0.06896	+0.102%	$4.9M	$651K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BASED-USDT	+0.0122%	4h	0.06892	+0.044%	—	$1.6M	—	as long as short
Binance BASEDUSDTshort	+0.0124%	4h	0.06897	+0.121%	$4.2M	$3.1M	25x
BloFin BASED-USDT	+0.0183%	4h	0.06889	0.000%	$253K	$41K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0299%	4h	0.06893	+0.058%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0387%	4h	0.06889	+0.007%	$29K	$6K	5x	as long as short