bendbasis

Analytics platform for funding arbitrage and prediction market arbitrage. Free

[bendbasis @bendbasis]

We rank cross-exchange funding arbitrage opportunities based on how consistent the funding has been over time

Then you can:

Compare funding charts side by side
See how often net funding flips
Run a backtest

See example

[Ethan DeFi @EthanDeFi_]

I've been farming DeFi yield for 3+ years.

Here are the tools I use every day to make my life easier:

• Yieldz io - Great for finding high APY loops across Aave, Morpho, and Fluid

• Pharos watch - I use it to set stablecoin depeg alerts on Telegram

• Debank com - My go-to DeFi portfolio tracker for EVM blockchains

• Jup ag/portfolio - Most comprehensive DeFi portfolio tracker for Solana

• Bendbasis com - amazing tool for funding rate arbitrage - I recommend it if you want to farm perps DEXs

There are a few other tools I like as well, but those are the ones I use the most.

Pharos is the most underrated one in my opinion. Check it out if you haven't yet.

It's a good idea to set depeg alerts for the stablecoins you hold to make sure you are able to react quickly if one of them gets exploited/suffers a loss.

Consider following me if you like yield farming related content🤝

[Ethan DeFi @EthanDeFi_]

I am starting to farm Variational again.

After Lighter's big airdrop, it felt like the perps airdrop meta slowly died and valuations collapsed.

But Variational raising $50M is huge as a high FDV is a must for a good airdrop.

A few other things I like about it and my farming strategy:

• ~50% of $VAR supply will be allocated to the community in total (this is mentioned in the docs)

Obviously not all of this will be unlocked at TGE, but hopefully they airdrop 20%+.

• Variational stands out from other CLOB-based perps DEXs like Hyperliquid due to its RFQ model

• The odds of Variational having a FDV above $800M at TGE surged to 37% on Polymarket

Now, to also mention two things that I don't like:

• The spread is quite high for many altcoin pairs on Variational - Be careful to check the spread before trading.

• Variational launched in Jan. 2025, and to this day, there's still no public timeline for the TGE

But overall, when weighing the pros & cons, I think Variational is a great perps farming opportunity.

Speaking about my strategy:

I'll farm it via funding rate arbitrage between it and other perps DEXs I use (Hyperliquid, Extended, Nado, & GRVT).

I am finding these arbitrage opportunities using @bendbasis.

For instance, longing $STRK on GRVT and shorting it on Variational returned 0,56% PNL after fees in the past 15 days with relatively stable funding rates (check the third screenshot).

This is just an example of a good arbitrage opportunity. You can find many others on Bend Basis.

Variational is in private beta, but if you wish to join it, you can use my invite link:

https://t.co/WdEbMWzOLe

(I am not paid by the team for this post fyi, I am just sharing my own thoughts)

Let's hope farming Variational will pay off.

[Ethan DeFi @EthanDeFi_]

Here's everything I am doing in DeFi.

• Yield farming

→ USDe/USDm loop on Aave (MegaETH) - 17% APY + 5x Ethena points
→ reUSD/GHO loop on Fluid - 22.6% APY
→ PT-USDat on Pendle - 8.7% fixed APY
→ PRIME/USDS Kamino loop - 12% APY
→ JUICED/USDC Jupiter loop - 11% APY
→ RockawayX PT Yield vault on Lista - 6.75% APY on USDT

• @Polymarket trading

There are a lot of mispiced prediction markets if you know where to look.

For example, a few weeks ago I bet that Trump won't resign or die in April and earned 40%+ APY on the bet as the odds were really good.

https://t.co/KyAEo7yZDQ

I call this type of low risk prediction markets a bond. I mostly trade bonds where I believe the probability of winning is extremely high.

Obviously this is not risk free, but so far this strategy worked well for me. I always make sure to diversify my portfolio across multiple bets.

And on top of the return I get in this way, I think the Polymarket airdrop could also be quite good.

• Perps arbitrage

I arbitrage funding rates between Grvt, Hyperliquid, Nado, and Extended.

@bendbasis is the tool I use for finding funding rate arbitrage opportunities.

What I do is to look for arbitrage opps where there is a constant funding rate difference for the same pair between two DEXs for a long period of time.

Then I just open a delta-neutral trade and keep it open until funding rates flip negative for 12-24h.

I've been doing this for the past few months, and this strategy is generating me 12-18% APY on average.

Not to mention that I also earn points which will hopefully be valuable.

And that's basically everything.

My plan for later this year is to use most of my funds currently allocated to yield farming and prediction markets to buy spot BTC if we get some nice discounts.

I believe BTC proved it is here to stay.

For now though, I try to increase my stablecoin holdings as much as possible.

[Nikolai Moreau @nikmoreau]

Closed a funding arbitrage position that stayed profitable for 49 days straight.

62% APR total

Also wanted to highlight the funding tracking accuracy on @bendbasis.

Especially considering that @GainsNetwork_io accrues funding continuously rather than at fixed intervals.

The same calculation logic is used in position backtests as well.

[bendbasis @bendbasis]

Finally added support for @StandX_Official

• Live funding
• Historical paid funding rates
• Track your funding arb positions
• Backtest strategies across exchanges

[bendbasis @bendbasis]

@Bogdex @EthanDeFi_ That’s better😎

Thanks!

[bendbasis @bendbasis]

@Bogdex @EthanDeFi_ How is that related? Our tool is free

[mono † @monosarin]

9⃣ @bendbasis

I like this one. Basically, it's an analytics platform for funding arbitrage and prediction market arbitrage. And it's free to use, too.

Might come in handy for those who are arbitragooooors, as well as for @boros_fi Chads.

[Ethan DeFi @EthanDeFi_]

Day 69: I made over $1,000 in the past 30 days from funding rate arbitrage.

Doing this takes me up to 20-30 minutes a day, and I also earn perps points.

My strategy is this:

1. Go to @bendbasis website
2. Visit its Funding Arbitrage page
2. Select the exchanges between which you want to do arbitrage
3. Bendbasis will show you the best funding opportunities in the past 30d
4. Click on each one to see a chart with its performance over time
5. After you spot a good opportunity, open the delta-neutral position and then add it to the "Portfolio" page

The "Portfolio" page is my favorite feature on Bendbasis.

It shows how your PNL from funding rates evolves over time after deducting trading fees and slippage.

I use it to track how my positions perform, and when the funding rate for one of them turns negative for several hours, I close it.

Right now, the perps DEXs I am farming via funding rate arbitrage are:

• Hyperliquid (I use Trade[XYZ])
• Variational
• Extended
• Nado
• GRVT

The cool thing about this strategy is that it lets me farm them while also making a nice profit from funding rates.

[G E E P E E (♟️, ♟️) @GeepeeDeGreat]

Top DeFi tools I use regularly

@DefiLlama - DeFi Analytics
@DeBankDeFi - EVM portfolio tracker
@Infinit_Labs -AI-powered DeFi farming
@pendle_fi - Fixed stablecoin yields
@DeFiSaver - Auto loan management
@bendbasis - Funding rate arbitrage
@Tokenomist_ai - Tokenomics tracker

[The DeFi Investor 🔎 @TheDeFinvestor]

Top DeFi tools I use regularly

@DefiLlama - DeFi Analytics
@DeBankDeFi - EVM portfolio tracker
@Infinit_Labs -AI-powered DeFi farming
@pendle_fi - Fixed stablecoin yields
@DeFiSaver - Auto loan management
@bendbasis - Funding rate arbitrage
@Tokenomist_ai - Tokenomics tracker
@_dexuai - CT Social Analytics
@getmoni_io - New projects finder
@tokenterminal - DeFi Analytics
@jumperapp - Cross-chain transactions
@RWA_xyz - RWA analytics
@growthepie_eth - Ethereum analytics
@JupiterExchange's Portfolio - Solana portfolio tracker

Anythings else I should check out?

[bendbasis @bendbasis]

This is the current list of supported CEXs and DEXs. We collect the actual paid funding rates for each of them.

This allows us to identify and rank the best and most stable opportunities across all pairs, using a 15-day window.

Which exchanges do you think we should add next?

[bendbasis @bendbasis]

@Web3AJ_ @TomCryptoDefi We support 01 dex

[Nikolai Moreau @nikmoreau]

Didn’t expect @bendbasis to become this useful for filtering funding arb setups for me

I barely use screeners anymore or manually scan exchanges. One list is enough.

It’s not just a list of the best pairs right now or based on average funding over the past N days.

It surfaces setups where the funding spread stays positive most of the time.

If you’re not trading intraday inefficiencies and reopening positions all day, but looking for trades you can hold for a week at least – worth trying.

[Nikolai Moreau @nikmoreau]

Prediction market arbitrage has been one of the more interesting strategies lately.

Same event, different platforms - different pricing.

If YES on one platform + NO on another costs < $1 → the spread is yours.

Simple structure:
-find identical markets across platforms
-compare pricing
-open both sides
-wait for convergence or resolution

Profit is fixed, direction doesn’t matter.

The only real constraint is liquidity - not every market can handle size.

You can scan these setups manually, but it’s time-consuming.

Or just use @bendbasis - we match events across platforms using AI and surface the spreads.

[Nikolai Moreau @nikmoreau]

How do you find a funding arbitrage position that stays profitable for at least a week?

After trying to earn from funding, seeing 1000%+ APR, entering a trade, losing on fees and slippage, watching funding flip, and exiting - you’ve probably thought:
there has to be a way to find something more stable

The approach is simple:

- Open @bendbasis
- Go to the Arbitrage section
- Sort by Stability Index

This shows pairs where the funding spread has remained consistent over the past 15 days.

Then run a backtest on the setups you like to evaluate historical performance based on actual settled funding rates.

If a position has remained profitable over the past several days, we can assume there’s a higher chance it will continue.

[bendbasis @bendbasis]

Prediction market arbitrage is live

It��s in beta — still a lot to improve: filters, UI, overall polish.

Events are matched using AI: we compare the event itself, resolution conditions, rules, and outcomes across platforms.

If the spread &gt; 0 there’s an arbitrage

[bendbasis @bendbasis]

We track historically actually settled funding rates values

• Funding swings and temporary spikes don’t distort the data
• You can see how stable a setup actually was over time

It also lets you track your positions without connecting API keys across 30+ venues

[bendbasis @bendbasis]

@SmartDropFarmer Sometimes the fee may be 0%, but you can lose 0.2% of the volume or more on the price spread

[bendbasis @bendbasis]

Best arbitrage opportunity today:

$SOL — 40% APR
Long on @OrderlyNetwork
Short on @GainsNetwork_io

Stable funding spread, low execution cost, strong rate.