BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.439%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$820as in the Funding arb table

Net, price: spread back to 7d avg − costs−$785as in the Price arb table

costs, in and out, $10k−$8238.234% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.405%−$40 · spread now +0.439%, 7d avg +0.056%

Together, before fees−0.371%−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.383% dearer against KuCoin than usual: you sell high and buy low (spread +0.439% now, against its 7-day average of +0.056%): +$38 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 49 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06857	0.0126	pay 0.0063% / 4h	2h 14m	$585K	$73K	20x
Short	Binance BASEDUSDT	0.06887	0.0100	get 0.0050% / 4h	2h 14m	$4.3M	$3.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.439%Rate

Funding earned: −$5.46
Price spread: +0.439% → +0.056%: $38.31
Slippage, 4 orders: −$801.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$790.52
Costs to cover: 8.234%
Break-even: never at this rate

Slippage from KuCoin: live order book, 45 min ago; Binance: live order book, 7 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 KuCoin live order book, 45 min ago	19.72 bp	387.8 bp −$388	963.9 bp −$9,639	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.46 bp	25.8 bp −$26	112.3 bp −$1,123	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-USDT	+0.0099%	4h	0.06889	+0.467%	$259K	$50K	25x	as long as short
Binance BASEDUSDTshort	+0.0100%	4h	0.06887	+0.439%	$4.3M	$3.2M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06876	+0.277%	$2.1M	$700K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06881	+0.350%	$2.7M	$3.9M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06877	+0.292%	$541K	$602K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06886	+0.423%	$4.9M	$534K	50x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06882	+0.365%	$1.3M	$383K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06884	+0.394%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06869	+0.173%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06831	−0.378%	$93K	$374K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06876	+0.277%	$2K	$924K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06885	+0.406%	$2K	$231K	5x	as long as short
KuCoin BASEDUSDTMlong	+0.0126%	4h	0.06857	long leg	$585K	$73K	20x
Aster BASEDUSDT	+0.0147%	4h	0.06881	+0.348%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0314%	4h	0.06884	+0.394%	$3K	$664	10x	as long as short