BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0219%/8h= −24.0% APRnext payment −$1.10 per $10,000 · paid last 24h −0.028%

Price spread now: OKX against Orderly−0.236%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 OKX

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 −$7 a day on $10k at the current rate, and OKX is 0.236% cheaper against Orderly than usual: you would sell low and buy high (−$24 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	0.06781	0.0319	pay 0.0160% / 4h	2h 13m	$3K	$652	10x
Short	OKX BASED-USDT-SWAP	0.06765	0.0100	get 0.0050% / 4h	2h 13m	$2.6M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.236%Rate

Funding earned: −$46.04
Price spread: −0.236% → 0.000%: −$23.6
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$85.64
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.74 bp	14.8 bp −$15	100.6 bp −$1,006	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	+0.0087%	4h	0.06781	0.000%	$251K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06778	−0.044%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06769	−0.177%	$2.1M	$582K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06765	−0.236%	$2.6M	$3.4M	20x
Gate BASED_USDT	+0.0100%	4h	0.06773	−0.118%	$538K	$524K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06777	−0.059%	$4.8M	$657K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06769	−0.177%	$565K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06783	+0.029%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06773	−0.118%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06768	−0.189%	$92K	$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_Perp	+0.0100%	4h	0.06726	−0.807%	$92K	$359K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06777	−0.059%	$1K	$798K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06777	−0.059%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0186%	4h	0.06779	−0.022%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDClong	+0.0319%	4h	0.06781	long leg	$3K	$652	10x