BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0167%/8h= −18.3% APRnext payment −$0.84 per $10,000 · paid last 24h −0.038%

Price spread now: Binance against Orderly+0.068%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Binance

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

The price spread pays, funding is against you. Binance is 0.068% dearer against Orderly than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BASED_USDC	0.06868	0.0267	pay 0.0134% / 4h	2h 29m	$3K	$1K	10x
Short	Binance BASEDUSDT	0.06873	0.0100	get 0.0050% / 4h	2h 29m	$4.2M	$3.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.068%Rate

Funding earned: −$35.14
Price spread: +0.068% → 0.000%: $6.82
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$44.32
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 8 min ago. 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 Binance live order book, 8 min ago	2.19 bp	31.4 bp −$31	120.0 bp −$1,200	doesn't fit	doesn't fit

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 14 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
Binance BASEDUSDTshort	+0.0100%	4h	0.06873	+0.068%	$4.2M	$3.2M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06861	−0.102%	$2.1M	$657K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06876	+0.116%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06856	−0.175%	$538K	$563K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06871	+0.044%	$4.9M	$629K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06872	+0.058%	$571K	$70K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06875	+0.102%	$1.3M	$385K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06860	−0.116%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06840	−0.401%	$94K	$17K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06840	−0.409%	$92K	$379K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06871	+0.044%	$1K	$875K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06869	+0.018%	$3K	$200K	5x	as long as short
Orderly PERP_BASED_USDClong	+0.0267%	4h	0.06868	long leg	$3K	$1K	10x
Aster BASEDUSDT	+0.0349%	4h	0.06866	−0.025%	$29K	$6K	5x	as long as short