BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.14 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against MEXC+0.161%94s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as 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−$690.693% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.161%, 7d avg +0.026%

Together, before fees−0.213%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.135% dearer against MEXC than usual: you sell high and buy low (spread +0.161% now, against its 7-day average of +0.026%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days. The two prices were read 94 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	MEXC BASED_USDT	0.06853	0.0100	pay 0.0050% / 4h	1h 31m	$4.9M	$612K	50x
Short	BloFin BASED-USDT	0.06864	0.0071	get 0.0036% / 4h	1h 31m	$260K	$47K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.161%Rate

Funding earned: −$6.09
Price spread: +0.161% → +0.026%: $13.49
Slippage, 4 orders: −$53.31
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$61.91
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; BloFin: 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 MEXC live order book, 6 min ago	2.19 bp	12.4 bp −$12	50.7 bp −$507	162.6 bp −$16.3K	661.4 bp −$330.7K
Sell BloFin live order book, 7 min ago	3.63 bp	30.7 bp −$31	108.0 bp −$1,080	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-USDTshort	+0.0071%	4h	0.06864	+0.161%	$260K	$47K	25x
Binance BASEDUSDT	+0.0100%	4h	0.06853	−0.004%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06849	−0.058%	$2.1M	$685K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06853	0.000%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06854	+0.015%	$536K	$580K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06853	long leg	$4.9M	$612K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06853	0.000%	$568K	$74K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06859	+0.088%	$1.3M	$384K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06856	+0.044%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06840	−0.187%	$95K	$15K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06840	−0.190%	$96K	$369K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06863	+0.146%	$1K	$883K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06851	−0.028%	$1K	$199K	5x	as long as short
Aster BASEDUSDT	+0.0134%	4h	0.06855	+0.036%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0230%	4h	0.06854	+0.015%	$3K	$664	10x	as long as short