BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.7% APRnext payment −$1.04 per $10,000 · paid last 24h −0.028%

Price spread now: Variational Omni against Orderly−0.242%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.242% 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	0.06777	0.0308	pay 0.0154% / 4h	2h 18m	$3K	$652	10x
Short	Variational Omni BASED	0.06761	0.0100	get 0.0050% / 4h	2h 18m	$92K	$22K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.242%Rate

Funding earned: −$43.62
Price spread: −0.242% → 0.000%: −$24.16
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$73.78
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Orderly and Variational Omni: 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	+0.0043%	4h	0.06777	0.000%	$251K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06779	+0.030%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06768	−0.133%	$2.1M	$576K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06771	−0.089%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06777	0.000%	$540K	$519K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06779	+0.030%	$4.8M	$656K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06770	−0.103%	$565K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06787	+0.148%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06773	−0.059%	—	$1.6M	—	as long as short
Variational Omni BASEDshort	+0.0100%	4h	0.06761	−0.242%	$92K	$22K	—

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	0.06776	−0.017%	$93K	$372K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06773	−0.059%	$1K	$797K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06779	+0.025%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0173%	4h	0.06774	−0.048%	$28K	$6K	5x	as long as short
Orderly PERP_BASED_USDClong	+0.0308%	4h	0.06777	long leg	$3K	$652	10x