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

BASED

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0291%/8h= +31.9% APRnext payment +$1.45 per $10,000 · paid last 24h +0.038%
Price spread now: Orderly against BloFin−0.102%52s7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Orderly is 0.102% cheaper against BloFin than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 28 hours of funding at the current rate (+$9 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BASED-USDT0.068520.0115pay 0.0058% / 4h1h 08m$260K$50K25x
ShortOrderly PERP_BASED_USDC0.068450.0406get 0.0203% / 4h1h 08m$3K$66410x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. 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
$61.09
Price spread: −0.102% → 0.000%
−$10.22
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
$32.87
Costs to cover
0.180%
Break-even
3.2 days
Slippage unknown: BloFin: live order book, 3 min ago; Orderly: no order-book sample. 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 BloFin live order book, 3 min ago0.73 bp13.6 bp −$1452.7 bp −$527doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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
Aster BASEDUSDT+0.0100%4h0.06848−0.058%$29K$4K5xas long as short
Binance BASEDUSDT+0.0100%4h0.06847−0.078%$4.2M$3.1M25xas long as short
Bybit BASEDUSDT+0.0100%4h0.06838−0.204%$2.1M$695K25xas long as short
OKX BASED-USDT-SWAP+0.0100%4h0.06840−0.175%$2.7M$3.8M20xas long as short
Gate BASED_USDT+0.0100%4h0.06842−0.146%$536K$604K50xas long as short
MEXC BASED_USDT+0.0100%4h0.06850−0.029%$4.9M$540K50xas long as short
KuCoin BASEDUSDTM+0.0100%4h0.06848−0.058%$582K$70K20xas long as short
Bitget BASEDUSDT+0.0100%4h0.06846−0.088%$1.3M$377K25xas long as short
BingX BASED-USDT+0.0100%4h0.06842−0.146%$1.7Mas long as short
Variational Omni BASED+0.0100%4h0.06840−0.172%$93K$10Kas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BASED_USDT_Perp+0.0100%4h0.06840−0.175%$99K$376K10xas long as short
SunX BASED-USDT+0.0100%4h0.06846−0.088%$1K$914K20xas long as short
Extended BASED-USD+0.0104%1h0.06845−0.108%$2K$225K5xas long as short
BloFin BASED-USDTlong+0.0115%4h0.06852long leg$260K$50K25x
Orderly PERP_BASED_USDCshort+0.0406%4h0.06845−0.102%$3K$66410x