BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0191%/8h= +20.9% APRnext payment +$0.96 per $10,000 · paid last 24h +0.036%

Price spread now: Orderly against OKX+0.117%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Orderly

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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Orderly is 0.117% dearer against OKX than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	OKX BASED-USDT-SWAP	0.06825	0.0100	pay 0.0050% / 4h	3h 57m	$2.7M	$3.8M	20x
Short	Orderly PERP_BASED_USDC	0.06833	0.0291	get 0.0146% / 4h	3h 57m	$3K	$664	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against OKX. 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 OKXbpFee OrderlybpOrdersPrice spread, now +0.117%Rate

Funding earned: $40.14
Price spread: +0.117% → 0.000%: $11.72
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $35.86
Costs to cover: 0.160%
Break-even: 0.7 days

Slippage unknown: OKX: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 5 min ago	1.47 bp	24.4 bp −$24	123.7 bp −$1,237	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BASED-USDT	+0.0051%	4h	0.06830	+0.073%	$259K	$47K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06832	+0.105%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06832	+0.103%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06823	−0.029%	$2.1M	$707K	25x	as long as short
OKX BASED-USDT-SWAPlong	+0.0100%	4h	0.06825	long leg	$2.7M	$3.8M	20x
Gate BASED_USDT	+0.0100%	4h	0.06825	0.000%	$535K	$577K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06837	+0.176%	$4.9M	$537K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06825	0.000%	$578K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06830	+0.073%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06827	+0.029%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06819	−0.091%	$94K	$13K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06775	−0.739%	$95K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06829	+0.059%	$2K	$902K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06827	+0.032%	$2K	$201K	5x	as long as short
Orderly PERP_BASED_USDCshort	+0.0291%	4h	0.06833	+0.117%	$3K	$664	10x