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The phrase 'on a running basis' is correct and can be used in written English
It is used to refer to something happening regularly or continuously over a period of time. For example: We are going to review the accounts on a running basis to ensure accuracy.
Exact(2)
The spot price is computed on a running basis depending on the current level of demand.
Saves and save opportunities are tracked on a running basis during the season.
Similar(58)
In between run variation is most likely to be caused by varying primer concentrations in the master mixes, which were prepared on a run to run basis, or variation caused by the instruments.
Many free TV channels offer popular movies, both at scheduled times and on a 24 hour run basis.
$60 million on a run rate basis implies that the company is currently generating around $5 million a month in revenue.
But merely to keep your skeptical However
If we look at our detection accuracy on a per run basis rather than a per sweep basis, however, our detection accuracy is much higher, as in our tests our sensors always triggered eventually.
It often orders its stations to carry these segments on a "must-run" basis, giving its newscasts both a local and a national focus.
On a per run basis (allowing multiple passes before turning off the device) before we added vertical functionality, our system's horizontal extinguishing success rate was near 100%.
On a run-rate basis, that's roughly the equivalent of a $570m angel fund.
On a run-rate basis, it is more than a $1 billion business.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com