BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0139%/8h= −15.3% APRnext payment −$0.70 per $10,000 · paid last 24h −0.028%

Price spread now: KuCoin against Orderly−0.060%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 KuCoin

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 −$4 a day on $10k at the current rate, and KuCoin is 0.060% 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	0.06719	0.0239	pay 0.0120% / 4h	2h 56m	$3K	$745	10x
Short	KuCoin BASEDUSDTM	0.06715	0.0100	get 0.0050% / 4h	2h 56m	$566K	$109K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$29.26
Price spread: −0.060% → 0.000%: −$5.95
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$53.21
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 25 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 KuCoin live order book, 25 min ago	13.40 bp	403.6 bp −$404	912.6 bp −$9,126	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
Aster BASEDUSDT	+0.0100%	4h	0.06719	0.000%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06719	+0.006%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06708	−0.164%	$2.1M	$575K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06710	−0.134%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06717	−0.030%	$534K	$507K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06719	0.000%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06715	−0.060%	$566K	$109K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06726	+0.104%	$1.3M	$362K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06714	−0.074%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06718	−0.021%	$92K	$21K	—	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_Perp	+0.0100%	4h	0.06729	+0.149%	$93K	$379K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06713	−0.089%	$1K	$790K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06719	−0.006%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0133%	4h	0.06727	+0.119%	$211K	$37K	25x	as long as short
Orderly PERP_BASED_USDClong	+0.0239%	4h	0.06719	long leg	$3K	$745	10x