BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0178%/8h= −19.5% APRnext payment −$0.89 per $10,000 · paid last 24h −0.039%

Price spread now: Bybit against Orderly−0.146%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 Bybit

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 −$5 a day on $10k at the current rate, and Bybit is 0.146% cheaper against Orderly than usual: you would sell low and buy high (−$15 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	0.06829	0.0278	pay 0.0139% / 4h	2h 23m	$3K	$664	10x
Short	Bybit BASEDUSDT	0.06819	0.0100	get 0.0050% / 4h	2h 23m	$2.1M	$699K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$37.37
Price spread: −0.146% → 0.000%: −$14.64
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$69.02
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: 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 Bybit live order book, 3 min ago	5.16 bp	78.9 bp −$79	991.9 bp −$9,919	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	0.06818	−0.161%	$260K	$48K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06823	−0.093%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06828	−0.015%	$4.2M	$3.2M	25x	as long as short
Bybit BASEDUSDTshort	+0.0100%	4h	0.06819	−0.146%	$2.1M	$699K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06821	−0.117%	$2.7M	$3.9M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06812	−0.249%	$536K	$599K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06833	+0.059%	$4.9M	$534K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06822	−0.103%	$582K	$73K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06828	−0.015%	$1.3M	$384K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06819	−0.146%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06795	−0.500%	$93K	$11K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06826	−0.037%	$92K	$373K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06825	−0.059%	$1K	$921K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06826	−0.041%	$3K	$227K	5x	as long as short
Orderly PERP_BASED_USDClong	+0.0278%	4h	0.06829	long leg	$3K	$664	10x