ArbiLayer

BASED arbitrage

live

Live Based price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.01%Gate → Bitget · Perp–Perp
Best perp–perp spread+0.17%Gate → Bitget
Markets tracked139 venues · 9 perp · 4 spot · 0 DEX
Price range0.34%$0.0643 – $0.0645

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGate$0.0644Bitget logoBitget$0.0645 +0.17%+0.01% +0.17%— 0.000%— LS Chart →
Variational logoVariational$0.0644Bitget logoBitget$0.0645 +0.17%+0.01% +0.17%— +0.000%— LS Chart →
Bybit logoBybit$0.0644Bitget logoBitget$0.0645 +0.16%-0.00% +0.16%— 0.000%— LS Chart →
OKX logoOKX$0.0644Bitget logoBitget$0.0645 +0.16%-0.00% +0.16%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.0644Bitget logoBitget$0.0645 +0.14%-0.02% +0.14%— 0.000%— LS Chart →
Binance logoBinance$0.0644Bitget logoBitget$0.0645 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
Gate logoGate$0.0644MEXC logoMEXC$0.0644 +0.08%-0.08% +0.08%— 0.000%— LS Chart →
Variational logoVariational$0.0644MEXC logoMEXC$0.0644 +0.08%-0.08% +0.08%— +0.000%— LS Chart →
Bybit logoBybit$0.0644MEXC logoMEXC$0.0644 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
OKX logoOKX$0.0644MEXC logoMEXC$0.0644 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
MEXC logoMEXC$0.0645Bitget logoBitget$0.0645 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.0644MEXC logoMEXC$0.0644 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Gate logoGate$0.0644Binance logoBinance$0.0644 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Gate logoGate$0.0644Aster logoAster$0.0644 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Variational logoVariational$0.0644Binance logoBinance$0.0644 +0.02%-0.14% +0.02%— +0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

BASED price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · BASED-USDT-SWAPPerpetual $0.0644$0.0644$0.0644-0.02% +0.030%$7.60M
KuCoin logoKuCoinPerpetual · BASEDUSDTMPerpetual $0.0644$0.0644$0.0644-0.04% +0.030%$2.18M
Gate logoGatePerpetual · BASED_USDTPerpetual $0.0644$0.0644$0.0644-0.04% +0.030%$1.96M
Bitget logoBitgetPerpetual · BASEDUSDTPerpetual $0.0645$0.0646$0.0645+0.19% +0.030%$1.63M
OKX logoOKXSpot · BASED-USDTSpot $0.0644$0.0644$0.0644-0.02% —$1.62M
Bybit logoBybitPerpetual · BASEDUSDTPerpetual $0.0643$0.0644$0.0644-0.08% +0.030%$980.3K
Bybit logoBybitSpot · BASEDUSDTSpot $0.0644$0.0644$0.0644+0.01% —$719.0K
MEXC logoMEXCPerpetual · BASED_USDTPerpetual $0.0644$0.0645$0.0645+0.07% +0.030%$200.7K
Variational logoVariationalPerpetual · BASEDPerpetual $0.0642$0.0644$0.0643-0.16% +0.030%$43.9K
KuCoin logoKuCoinSpot · BASED-USDTSpot $0.0643$0.0645$0.06440.00% —$32.1K
Binance logoBinancePerpetual · BASEDUSDTPerpetual $0.0644$0.0644$0.0644+0.02% +0.030%—
Aster logoAsterPerpetual · BASEDUSDTPerpetual $0.0644$0.0645$0.0645+0.09% +0.030%—
MEXC logoMEXCSpot · BASEDUSDTSpot $0.0644$0.0645$0.0644+0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

BASED arbitrage explained

Right now Based (BASED) trades on 9 venues we scan: 9 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.0644 and the highest bid on Bitget perp at $0.0645.

The widest BASED perpetual spread is between Gate and Bitget: long BASED on Gate at $0.0644 and short on Bitget at $0.0645 for +0.17% gross, or +0.01% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best BASED route is to buy spot on OKX and short the perpetual on Bitget: +0.12% gross, -0.08% net, with +0.030% a day of funding on the short leg.

Spot–spot BASED arbitrage (buy on OKX, withdraw, deposit and sell on Bybit) shows -0.05% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small BASED gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: BASED funding rates · BASED spread charts · Based price · arbitrage scanner for all coins.

Is there a BASED arbitrage opportunity right now?

The best BASED route right now is to buy on Gate → sell on Bitget (Perp–Perp): +0.17% gross and +0.01% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest BASED?

Gate (perp) has the lowest BASED ask at $0.0644, and Bitget (perp) the highest bid at $0.0645. Prices update every 15 seconds on this page.

How many exchanges list BASED?

ArbiLayer tracks 13 BASED markets on 9 venues: 9 perpetual, 4 spot and 0 DEX pools.

How do I arbitrage BASED without transferring coins?

Use two perpetual contracts: go long BASED on the cheaper exchange (Gate now) and short it on the more expensive one (Bitget), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

CRO +18.55%BLAST +18.55%BP +7.46%ONE +7.43%UPC +7.25%ESPORTS +7.16%BDX +7.14%OPENAI +5.07%AI +3.70%SPCX +3.68%ANTHROPIC +3.51%H100 +3.47%EGLD +3.33%CATE +3.15%ZIL +3.12%OURA +2.95%BONER +2.62%BEN +2.38%