BASECAT Funding Rate — live across 4 venues

Perpetual funding · compared across 4 venues · net of estimated fees · updated every few minutes

Live annualized BASECAT perpetual funding across all 4 venues Perpia tracks. Right now BASECAT funding is positive on 3 and negative on 1, ranging from +43.8% on MEXC to -21.7% on BingX — a spread of 65.5%. The widest delta-neutral trade is long BingX / short MEXC at 57.9% net APR.

4venues

3paying positive

65.5%funding spread

Best BASECAT spread now

57.9%

net APR after fees

LongBingX↗→ShortMEXC↗

size depends on live venue depth — see the real cap in the scanner

BASECAT funding trend & liquidity

65.5%current gross APR

—24h average

—7-day average

$378Kpair OI · lower leg

$145K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

BASECAT · BingX → MEXC — no history

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Build a route

any two of the 4 venues

Long (pays you)every 4hShort (you collect)every 4h

Gross spread+65.5%+$17.94 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 4 venues

Venue	Funding APR ↓	Interval
MEXC↗short	+43.8%	every 4h
Gate.io↗	+10.9%	every 4h
Aster↗	+10.9%	every 1h
below — these venues pay the longs: this is the leg you buy
BingX↗long	−21.7%	every 4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the BingX vs MEXC page. 5 pairs scanned for BASECAT.

BASECAT arbitrage — 30-day backtest

long BingX · short MEXC

0.2%backtested APR

+$2historical net P&L on $10,000

0.16%max drawdown

$10,000$10,002

30 days agostarting capital $10,000today

Over the last 30 days, holding long BingX / short MEXC would have produced 0.2% APR — versus the 57.9% the live spread implies right now (equity $10,000 → $10,002). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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BASECAT — FAQ

Is BASECAT funding positive right now?

BASECAT perpetual funding is positive on 3 of 4 venues Perpia tracks and negative on 1. The highest is +43.8% on MEXC; the lowest is -21.7% on BingX.

What is the best BASECAT funding arbitrage right now?

Go long BingX and short MEXC for about 57.9% net APR after fees — the widest delta-neutral BASECAT spread Perpia currently sees.

Which exchange has the highest BASECAT funding rate?

MEXC, at +43.8% annualized. Funding shifts continuously, so check the live table above before trading.

How BASECAT funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to BASECAT

also quoted on both BingX and MEXC

The same two exchanges you would already have funded for the BASECAT trade. Every spread between them is on the BingX vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this