Settings8H · net · $10k
Funding arb · Price arb /

BASED

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0183%/8h= +20.1% APRnext payment +$0.92 per $10,000 · paid last 24h +0.039%
Price spread now: Orderly against BingX+0.176%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Orderly is 0.176% dearer against BingX than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BASED-USDT0.068290.0100pay 0.0050% / 4h2h 22m$1.7M
ShortOrderly PERP_BASED_USDC0.068410.0283get 0.0142% / 4h2h 22m$3K$66410x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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

Funding earned
$38.46
Price spread: +0.176% → 0.000%
$17.57
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
$40.03
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: BingX: live order book, 9 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 9 min ago5.88 bp27.5 bp −$2889.8 bp −$898doesn't fitdoesn't fit
Sell Orderly no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BASEDUSDT+0.0100%4h0.06834+0.069%$29K$6K5xas long as short
Binance BASEDUSDT+0.0100%4h0.06844+0.220%$4.2M$3.2M25xas long as short
Bybit BASEDUSDT+0.0100%4h0.06826−0.044%$2.1M$699K25xas long as short
OKX BASED-USDT-SWAP+0.0100%4h0.06839+0.146%$2.7M$3.9M20xas long as short
Gate BASED_USDT+0.0100%4h0.06826−0.044%$537K$599K50xas long as short
MEXC BASED_USDT+0.0100%4h0.06841+0.176%$4.9M$534K50xas long as short
KuCoin BASEDUSDTM+0.0100%4h0.06837+0.117%$583K$73K20xas long as short
Bitget BASEDUSDT+0.0100%4h0.06839+0.146%$1.3M$384K25xas long as short
BingX BASED-USDTlong+0.0100%4h0.06829long leg$1.7M
Variational Omni BASED+0.0100%4h0.06795−0.500%$93K$11Kas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BASED_USDT_Perp+0.0100%4h0.06819−0.151%$92K$373K10xas long as short
SunX BASED-USDT+0.0100%4h0.06824−0.073%$917$922K20xas long as short
Extended BASED-USD+0.0104%1h0.06836+0.096%$3K$227K5xas long as short
BloFin BASED-USDT+0.0137%4h0.06827−0.029%$260K$48K25xas long as short
Orderly PERP_BASED_USDCshort+0.0283%4h0.06841+0.176%$3K$66410x