BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0133%/8h= −14.5% APRnext payment −$0.66 per $10,000 · paid last 24h −0.036%

Price spread now: MEXC against Orderly−0.058%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 MEXC

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 MEXC is 0.058% 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	0.06880	0.0233	pay 0.0116% / 4h	1h 19m	$3K	$664	10x
Short	MEXC BASED_USDT	0.06876	0.0100	get 0.0050% / 4h	1h 19m	$4.9M	$612K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$27.87
Price spread: −0.058% → 0.000%: −$5.81
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$43.69
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	2.18 bp	11.8 bp −$12	46.7 bp −$467	200.7 bp −$20.1K	777.7 bp −$388.9K

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	0.06875	−0.078%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06868	−0.174%	$2.1M	$682K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06874	−0.087%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06872	−0.116%	$538K	$584K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06876	−0.058%	$4.9M	$612K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06866	−0.203%	$573K	$74K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06880	0.000%	$1.3M	$371K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06871	−0.131%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06873	−0.098%	$95K	$15K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06836	−0.635%	$95K	$380K	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	0.06879	−0.015%	$2K	$882K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06873	−0.101%	$1K	$199K	5x	as long as short
Aster BASEDUSDT	+0.0119%	4h	0.06875	−0.078%	$29K	$6K	5x	as long as short
BloFin BASED-USDT	+0.0132%	4h	0.06889	+0.131%	$261K	$47K	25x	as long as short
Orderly PERP_BASED_USDClong	+0.0233%	4h	0.06880	long leg	$3K	$664	10x