Settings8H · net · $10k
Funding arb · Price arb /

BASED

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.74 per $10,000 · paid last 24h +0.028%
Price spread now: Orderly against Bitget−0.015%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BASEDUSDT0.067210.0100pay 0.0050% / 4h2h 54m$1.3M$357K25x
ShortOrderly PERP_BASED_USDC0.067200.0248get 0.0124% / 4h2h 54m$3K$65210x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. 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

Funding earned
$31.02
Price spread: −0.015% → 0.000%
−$1.49
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
$11.53
Costs to cover
0.180%
Break-even
4.4 days
Slippage unknown: Bitget: live order book, 2 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago1.49 bp22.0 bp −$2283.4 bp −$834doesn't fitdoesn't fit
Sell Orderly no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BASEDUSDT+0.0100%4h0.06714−0.098%$28K$6K5xas long as short
Binance BASEDUSDT+0.0100%4h0.06716−0.072%$4.1M$2.9M25xas long as short
Bybit BASEDUSDT+0.0100%4h0.06703−0.268%$2.1M$572K25xas long as short
OKX BASED-USDT-SWAP+0.0100%4h0.06713−0.119%$2.6M$3.3M20xas long as short
Gate BASED_USDT+0.0100%4h0.06712−0.134%$534K$510K50xas long as short
MEXC BASED_USDT+0.0100%4h0.06715−0.089%$4.8M$643K50xas long as short
KuCoin BASEDUSDTM+0.0100%4h0.06708−0.193%$565K$110K20xas long as short
Bitget BASEDUSDTlong+0.0100%4h0.06721long leg$1.3M$357K25x
BingX BASED-USDT+0.0100%4h0.06711−0.149%$1.7Mas long as short
Variational Omni BASED+0.0100%4h0.06708−0.186%$92K$21Kas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BASED_USDT_Perp+0.0100%4h0.06728+0.101%$93K$379K10xas long as short
SunX BASED-USDT+0.0100%4h0.06704−0.253%$1K$786K20xas long as short
Extended BASED-USD+0.0104%1h0.06717−0.055%$5K$226K5xas long as short
BloFin BASED-USDT+0.0155%4h0.067210.000%$211K$37K25xas long as short
Orderly PERP_BASED_USDCshort+0.0248%4h0.06720−0.015%$3K$65210x