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

BASED

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.5% APRnext payment +$0.21 per $10,000 · paid last 24h −0.019%
Price spread now: Aster against Orderly−0.044%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 fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. Aster is 0.044% cheaper against Orderly than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.5 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_BASED_USDC0.068480.0294pay 0.0147% / 4h3h 42m$3K$65210x
ShortAster BASEDUSDT0.068450.0336get 0.0168% / 4h3h 42m$29K$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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

Funding earned
$8.72
Price spread: −0.044% → 0.000%
−$4.42
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Aster: 4 bp × 2 orders
−$8
Net
−$9.7
Costs to cover
0.140%
Break-even
14.8 days
Slippage unknown: Orderly: no order-book sample; Aster: 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 Orderly no order-book sample
Sell Aster no order-book sample
Orderly and Aster: 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
BloFin BASED-USDT+0.0051%4h0.06838−0.146%$251K$41K25xas long as short
Binance BASEDUSDT+0.0100%4h0.06847−0.015%$4.2M$3.0M25xas long as short
Bybit BASEDUSDT+0.0100%4h0.06839−0.131%$2.1M$590K25xas long as short
OKX BASED-USDT-SWAP+0.0100%4h0.06841−0.102%$2.6M$3.6M20xas long as short
Gate BASED_USDT+0.0100%4h0.06845−0.044%$545K$531K50xas long as short
MEXC BASED_USDT+0.0100%4h0.06846−0.029%$4.8M$643K50xas long as short
KuCoin BASEDUSDTM+0.0100%4h0.06834−0.204%$573K$55K20xas long as short
Bitget BASEDUSDT+0.0100%4h0.068480.000%$1.3M$352K25xas long as short
BingX BASED-USDT+0.0100%4h0.06845−0.044%$1.6Mas long as short
Variational Omni BASED+0.0100%4h0.06819−0.424%$93K$21Kas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BASED_USDT_Perp+0.0100%4h0.06831−0.244%$91K$382K10xas long as short
SunX BASED-USDT+0.0100%4h0.06839−0.131%$1K$836K20xas long as short
Extended BASED-USD+0.0104%1h0.06846−0.036%$7K$250K5xas long as short
Orderly PERP_BASED_USDClong+0.0294%4h0.06848long leg$3K$65210x
Aster BASEDUSDTshort+0.0336%4h0.06845−0.044%$29K$6K5x