BASED

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.257%

7d average—if it closes, per $10,000$26funding while held, a day−$0.12

Long on Extended Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06791	0.0104	pay 0.0013% / 1h	8m 32s	$5K	$226K	5x
Short	Variational Omni BASED	0.06774	0.0100	get 0.0050% / 4h	1h 08m	$92K	$21K	—

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee ExtendedbpFee Variational OmnibpOrdersClose when spread is

Spread captured: −$25.72
Funding while held: −$0.12
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$30.84
Spread needed to break even: 0.050%

Slippage unknown: Extended: live order book, 46 min ago; Variational Omni: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0004%
Per $10,000 a day: −$0.12
Average in range /8h: —

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 Extended live order book, 46 min ago	0.07 bp	6.1 bp −$6	214.5 bp −$2,145	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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 price on every exchange

against the cheapest. Click to use as the short leg.

Variational Omni0.06774cheapest

KuCoin0.06779+0.078%Bybit0.06781+0.107%BingX0.06782+0.122%OKX0.06783+0.137%BloFin0.06784+0.152%Orderly0.06785+0.166%Gate0.06788+0.211%SunX0.06788+0.211%MEXC0.06791+0.255%

Extended0.06791+0.258%

Binance0.06792+0.266%Aster0.06792+0.270%Bitget0.06800+0.388%

BASED on 14 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni BASEDshort	−0.257%	+0.0100%	4h	$92K	$21K	—
KuCoin BASEDUSDTM	−0.180%	+0.0100%	4h	$577K	$108K	20x	as long as short
Bybit BASEDUSDT	−0.150%	+0.0100%	4h	$2.1M	$543K	25x	as long as short
BingX BASED-USDT	−0.135%	+0.0100%	4h	—	$1.6M	—	as long as short
OKX BASED-USDT-SWAP	−0.121%	+0.0100%	4h	$2.6M	$3.3M	20x	as long as short
BloFin BASED-USDT	−0.106%	+0.0088%	4h	$256K	$36K	25x	as long as short
Orderly PERP_BASED_USDC	−0.091%	+0.0150%	4h	$3K	$801	10x	as long as short
Gate BASED_USDT	−0.047%	+0.0100%	4h	$537K	$504K	50x	as long as short
SunX BASED-USDT	−0.047%	+0.0100%	4h	$1K	$748K	20x	as long as short
MEXC BASED_USDT	−0.003%	+0.0100%	4h	$4.8M	$602K	50x	as long as short

Show all 14 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Extended BASED-USDlong	0.000%	+0.0104%	1h	$5K	$226K	5x
Binance BASEDUSDT	+0.008%	+0.0100%	4h	$4.2M	$2.8M	25x	as long as short
Aster BASEDUSDT	+0.012%	+0.0100%	4h	$29K	$6K	5x	as long as short
Bitget BASEDUSDT	+0.130%	+0.0100%	4h	$1.3M	$422K	25x	as long as short