BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0252%/8h= −27.6% APRnext payment −$1.26 per $10,000 · paid last 24h −0.028%

Price spread now: BingX against Orderly−0.059%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on BingX

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 against this trade now: funding costs −$8 a day on $10k at the current rate, and BingX is 0.059% cheaper against Orderly than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BASED_USDC	0.06826	0.0352	pay 0.0176% / 4h	1h 02m	$3K	$652	10x
Short	BingX BASED-USDT	0.06822	0.0100	get 0.0050% / 4h	1h 02m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Orderly. 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 OrderlybpFee BingXbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$52.96
Price spread: −0.059% → 0.000%: −$5.86
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$74.82
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 9 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	3.67 bp	12.8 bp −$13	70.2 bp −$702	doesn't fit	doesn't fit

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	0.06825	−0.008%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06818	−0.117%	$2.1M	$579K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06818	−0.117%	$2.6M	$3.5M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06814	−0.176%	$542K	$534K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06825	−0.015%	$4.8M	$647K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06812	−0.205%	$571K	$105K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06821	−0.073%	$1.3M	$363K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06822	−0.059%	—	$1.6M	—
Variational Omni BASED	+0.0100%	4h	0.06810	−0.233%	$93K	$22K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06763	−0.917%	$89K	$363K	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	0.06819	−0.103%	$1K	$816K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06824	−0.024%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0152%	4h	0.06822	−0.059%	$252K	$38K	25x	as long as short
Aster BASEDUSDT	+0.0247%	4h	0.06821	−0.080%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDClong	+0.0352%	4h	0.06826	long leg	$3K	$652	10x