BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0234%/8h= +25.6% APRnext payment +$1.17 per $10,000 · paid last 24h +0.028%

Price spread now: Orderly against Bybit+0.177%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Orderly

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Orderly is 0.177% dearer against Bybit than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06776	0.0100	pay 0.0050% / 4h	1h 39m	$2.1M	$578K	25x
Short	Orderly PERP_BASED_USDC	0.06788	0.0334	get 0.0167% / 4h	1h 39m	$3K	$652	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee OrderlybpOrdersPrice spread, now +0.177%Rate

Funding earned: $49.05
Price spread: +0.177% → 0.000%: $17.71
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $49.76
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Bybit: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 2 min ago	5.17 bp	73.7 bp −$74	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BASEDUSDT	+0.0100%	4h	0.06788	+0.175%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06776	long leg	$2.1M	$578K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06781	+0.074%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06781	+0.074%	$539K	$521K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06787	+0.162%	$4.8M	$645K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06779	+0.044%	$568K	$110K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06789	+0.192%	$1.3M	$361K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06780	+0.059%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06774	−0.026%	$92K	$22K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06733	−0.641%	$97K	$354K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06782	+0.089%	$1K	$799K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06787	+0.162%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0106%	4h	0.06787	+0.162%	$251K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0146%	4h	0.06783	+0.105%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDCshort	+0.0334%	4h	0.06788	+0.177%	$3K	$652	10x