Funding arb · Price arb /

BASED

all BASED markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin−0.046%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$827as in the Funding arb table

Net, price: spread back to 7d avg − costs−$837as in the Price arb table

costs, in and out, $10k−$8308.299% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.046%, 7d avg +0.021%

Together, before fees+0.035%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.067% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06632	0.0100	pay 0.0050% / 4h	50m 55s	$566K	$308K	20x
Short	Extended BASED-USD	0.06629	0.0104	get 0.0013% / 1h	50m 55s	$4K	$259K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0.84
Price spread: −0.046% → +0.021%: −$6.71
Slippage, 4 orders: −$812.89
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$835.77
Costs to cover: 8.299%
Break-even: 6971.7 days

Slippage from KuCoin: live order book, 45 min ago; Extended: live order book, 54 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	13.44 bp	410.3 bp −$410	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 54 min ago	1.05 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit

BASED on 15 exchanges

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	+0.0053%	4h	0.06635	+0.045%	$252K	$54K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06633	+0.015%	$28K	$3K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06631	−0.012%	$4.1M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06620	−0.181%	$2.0M	$680K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06626	−0.090%	$2.5M	$3.7M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06629	−0.045%	$517K	$585K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06632	0.000%	$4.8M	$414K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06632	long leg	$566K	$308K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06632	0.000%	$1.3M	$300K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06629	−0.045%	—	$1.7M	—	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06643	+0.162%	$92K	$7K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06653	+0.310%	$97K	$334K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06635	+0.045%	$1K	$924K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06629	−0.046%	$4K	$259K	5x
Orderly PERP_BASED_USDC	+0.0112%	4h	0.06630	−0.030%	$3K	$387	10x	as long as short