Settings8H · net · $10k
Funding arb · Price arb /

BASED

all BASED markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0027%/8h= −3.0% APRnext payment $0.14 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Variational Omni+0.197%86s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. BloFin is 0.197% dearer against Variational Omni than usual: you sell high and buy low (spread +0.197% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BASED0.067940.0100pay 0.0050% / 4h3m 44s$93K$21K
ShortBloFin BASED-USDT0.068070.0073get 0.0036% / 4h3m 44s$251K$41K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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

Funding earned
−$5.72
Price spread: +0.197% → 0.000%
$19.75
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$2.03
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; BloFin: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell BloFin live order book, 2 min ago2.94 bp17.8 bp −$1852.2 bp −$522doesn't fitdoesn't fit
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BASED on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin BASED-USDTshort+0.0073%4h0.06807+0.197%$251K$41K25x
Binance BASEDUSDT+0.0100%4h0.06822+0.421%$4.2M$3.0M25xas long as short
Bybit BASEDUSDT+0.0100%4h0.06808+0.212%$2.1M$595K25xas long as short
OKX BASED-USDT-SWAP+0.0100%4h0.06815+0.315%$2.6M$3.6M20xas long as short
Gate BASED_USDT+0.0100%4h0.06808+0.212%$542K$544K50xas long as short
MEXC BASED_USDT+0.0100%4h0.06822+0.418%$4.8M$647K50xas long as short
KuCoin BASEDUSDTM+0.0100%4h0.06801+0.109%$570K$65K20xas long as short
Bitget BASEDUSDT+0.0100%4h0.06825+0.462%$1.3M$370K25xas long as short
BingX BASED-USDT+0.0100%4h0.06813+0.286%$1.7Mas long as short
Variational Omni BASEDlong+0.0100%4h0.06794long leg$93K$21K
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BASED_USDT_Perp+0.0100%4h0.06810+0.243%$99K$374K10xas long as short
SunX BASED-USDT+0.0100%4h0.06804+0.153%$1K$831K20xas long as short
Extended BASED-USD+0.0104%1h0.06820+0.389%$5K$226K5xas long as short
Aster BASEDUSDT+0.0257%4h0.06811+0.260%$29K$6K5xas long as short
Orderly PERP_BASED_USDC+0.0295%4h0.06817+0.345%$3K$65210xas long as short