BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.53 per $10,000 · paid last 24h −0.051%

Price spread now: Gate against Orderly−0.030%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 Gate

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 −$3 a day on $10k at the current rate, and Gate is 0.030% cheaper against Orderly than usual: you would sell low and buy high (−$3 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	0.06735	0.0206	pay 0.0103% / 4h	1h 59m	$3K	$525	10x
Short	Gate BASED_USDT	0.06733	0.0100	get 0.0050% / 4h	1h 59m	$528K	$567K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.030%Rate

Funding earned: −$22.24
Price spread: −0.030% → 0.000%: −$2.97
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.21
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 50 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 Gate live order book, 50 min ago	7.39 bp	37.3 bp −$37	doesn't fit	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 exchanges

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	+0.0088%	4h	0.06738	+0.045%	$259K	$52K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06739	+0.066%	$28K	$2K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06740	+0.078%	$4.2M	$2.8M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06729	−0.089%	$2.1M	$615K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06735	0.000%	$2.6M	$3.5M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06733	−0.030%	$528K	$567K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06744	+0.134%	$4.9M	$403K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06743	+0.119%	$575K	$226K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06738	+0.045%	$1.3M	$319K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06732	−0.045%	—	$1.7M	—	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06734	−0.009%	$92K	$7K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06758	+0.346%	$95K	$325K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06730	−0.074%	$2K	$861K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06736	+0.017%	$3K	$270K	5x	as long as short
Orderly PERP_BASED_USDClong	+0.0206%	4h	0.06735	long leg	$3K	$525	10x