BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0197%/8h= −21.6% APRnext payment −$0.99 per $10,000 · paid last 24h −0.038%

Price spread now: Variational Omni against Orderly−0.269%48s7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.269% cheaper against Orderly than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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	0.06896	0.0297	pay 0.0149% / 4h	3h 13m	$3K	$652	10x
Short	Variational Omni BASED	0.06877	0.0100	get 0.0050% / 4h	3h 13m	$94K	$18K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.269%Rate

Funding earned: −$41.39
Price spread: −0.269% → 0.000%: −$26.92
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$74.31
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Variational Omni: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Orderly and Variational Omni: 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	0.06894	−0.029%	$254K	$41K	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06888	−0.116%	$2.1M	$602K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06894	−0.029%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06888	−0.116%	$548K	$548K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06897	+0.015%	$575K	$56K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06896	0.000%	$1.3M	$357K	25x	as long as short
Variational Omni BASEDshort	+0.0100%	4h	0.06877	−0.269%	$94K	$18K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06862	−0.489%	$91K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06887	−0.131%	$1K	$843K	20x	as long as short
BingX BASED-USDT	+0.0122%	4h	0.06894	−0.029%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BASED_USDT	+0.0134%	4h	0.06895	−0.015%	$4.9M	$652K	50x	as long as short
Extended BASED-USD	+0.0136%	1h	0.06895	−0.008%	$4K	$204K	5x	as long as short
Binance BASEDUSDT	+0.0138%	4h	0.06892	−0.058%	$4.2M	$3.0M	25x	as long as short
Orderly PERP_BASED_USDClong	+0.0297%	4h	0.06896	long leg	$3K	$652	10x
Aster BASEDUSDT	+0.0403%	4h	0.06891	−0.070%	$29K	$6K	5x	as long as short