BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0250%/8h= −27.3% APRnext payment −$1.25 per $10,000 · paid last 24h −0.048%

Price spread now: GRVT against Orderly−0.925%70s7-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 GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GRVT is 0.925% cheaper against Orderly than usual: you would sell low and buy high (−$93 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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	Orderly PERP_BASED_USDC	0.06795	0.0350	pay 0.0175% / 4h	1h 24m	$3K	$652	10x
Short	GRVT BASED_USDT_Perp	0.06732	0.0100	get 0.0050% / 4h	1h 24m	$97K	$354K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.925%Rate

Funding earned: −$52.41
Price spread: −0.925% → 0.000%: −$92.53
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$159.94
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; GRVT: live order book, 58 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 GRVT live order book, 58 min ago	256.80 bp	668.3 bp −$668	doesn't fit	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
BloFin BASED-USDT	+0.0094%	4h	0.06795	0.000%	$252K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06802	+0.110%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06790	−0.074%	$2.1M	$578K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06791	−0.059%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06800	+0.074%	$541K	$526K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06803	+0.118%	$4.8M	$646K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06787	−0.118%	$569K	$108K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06803	+0.118%	$1.3M	$363K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06797	+0.029%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06783	−0.182%	$93K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perpshort	+0.0100%	4h	0.06732	−0.925%	$97K	$354K	10x
SunX BASED-USDT	+0.0100%	4h	0.06801	+0.088%	$1K	$802K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06802	+0.098%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0157%	4h	0.06799	+0.062%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDClong	+0.0350%	4h	0.06795	long leg	$3K	$652	10x