BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.11 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against OKX−0.262%93s7-day average +0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as 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−$820.819% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.262%, 7d avg +0.106%

Together, before fees+0.305%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.369% cheaper against OKX than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of +0.106%). Swap the legs. The two prices were read 93 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	OKX BASED-USDT-SWAP	0.06861	0.0100	pay 0.0050% / 4h	1h 37m	$2.7M	$3.8M	20x
Short	BloFin BASED-USDT	0.06843	0.0079	get 0.0039% / 4h	1h 37m	$260K	$47K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now −0.262%Rate

Funding earned: −$4.43
Price spread: −0.262% → +0.106%: −$36.87
Slippage, 4 orders: −$59.88
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$123.18
Costs to cover: 0.819%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 83 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 OKX live order book, 5 min ago	1.46 bp	22.8 bp −$23	133.8 bp −$1,338	doesn't fit	doesn't fit
Sell BloFin live order book, 83 min ago	2.92 bp	17.3 bp −$17	50.9 bp −$509	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	+0.0079%	4h	0.06843	−0.262%	$260K	$47K	25x
Binance BASEDUSDT	+0.0100%	4h	0.06866	+0.070%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06857	−0.058%	$2.1M	$684K	25x	as long as short
OKX BASED-USDT-SWAPlong	+0.0100%	4h	0.06861	long leg	$2.7M	$3.8M	20x
Gate BASED_USDT	+0.0100%	4h	0.06862	+0.015%	$537K	$578K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06867	+0.087%	$4.9M	$611K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06860	−0.015%	$568K	$74K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06871	+0.146%	$1.3M	$381K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06864	+0.044%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06816	−0.661%	$94K	$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	0.06826	−0.508%	$96K	$368K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06869	+0.117%	$2K	$881K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06864	+0.042%	$1K	$199K	5x	as long as short
Aster BASEDUSDT	+0.0158%	4h	0.06867	+0.084%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0238%	4h	0.06868	+0.102%	$3K	$664	10x	as long as short