BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0206%/8h= −22.6% APRnext payment −$1.03 per $10,000 · paid last 24h −0.049%

Price spread now: BloFin against Orderly+0.131%52s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on BloFin

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

The price spread pays, funding is against you. BloFin is 0.131% dearer against Orderly than usual: you sell high and buy low (spread +0.131% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.1 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BASED_USDC	0.06856	0.0321	pay 0.0161% / 4h	3h 50m	$3K	$664	10x
Short	BloFin BASED-USDT	0.06865	0.0115	get 0.0058% / 4h	3h 50m	$261K	$50K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.131%Rate

Funding earned: −$43.35
Price spread: +0.131% → 0.000%: $13.13
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$48.22
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 16 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 BloFin live order book, 16 min ago	1.46 bp	18.6 bp −$19	59.1 bp −$591	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	0.06862	+0.088%	$29K	$2K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06860	+0.058%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06846	−0.146%	$2.1M	$679K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06851	−0.073%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06854	−0.029%	$535K	$573K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06862	+0.088%	$4.9M	$464K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06863	+0.102%	$585K	$88K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06867	+0.160%	$1.3M	$313K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06854	−0.029%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06846	−0.148%	$94K	$10K	—	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	0.06865	+0.132%	$96K	$372K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06859	+0.044%	$1K	$890K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06860	+0.060%	$4K	$257K	5x	as long as short
BloFin BASED-USDTshort	+0.0115%	4h	0.06865	+0.131%	$261K	$50K	25x
Orderly PERP_BASED_USDClong	+0.0321%	4h	0.06856	long leg	$3K	$664	10x