BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0252%/8h= −27.6% APRnext payment −$1.26 per $10,000 · paid last 24h −0.028%

Price spread now: KuCoin against Orderly−0.162%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 KuCoin

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 −$8 a day on $10k at the current rate, and KuCoin is 0.162% cheaper against Orderly than usual: you would sell low and buy high (−$16 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	0.06799	0.0352	pay 0.0176% / 4h	1h 18m	$3K	$652	10x
Short	KuCoin BASEDUSDTM	0.06788	0.0100	get 0.0050% / 4h	1h 18m	$569K	$106K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$52.86
Price spread: −0.162% → 0.000%: −$16.18
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$87.04
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 55 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 KuCoin live order book, 55 min ago	20.67 bp	524.9 bp −$525	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 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	+0.0073%	4h	0.06803	+0.059%	$251K	$38K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06802	+0.038%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06795	−0.059%	$2.1M	$578K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06797	−0.029%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06800	+0.015%	$541K	$529K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06801	+0.029%	$4.8M	$646K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06788	−0.162%	$569K	$106K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06803	+0.059%	$1.3M	$363K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06800	+0.015%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06794	−0.079%	$93K	$22K	—	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	0.06743	−0.818%	$97K	$354K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06796	−0.044%	$1K	$805K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06800	+0.014%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0171%	4h	0.06798	−0.015%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDClong	+0.0352%	4h	0.06799	long leg	$3K	$652	10x