BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0169%/8h= −18.5% APRnext payment −$0.84 per $10,000 · paid last 24h −0.028%

Price spread now: Bybit against Orderly−0.164%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bybit

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 against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.164% cheaper against Orderly than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BASED_USDC	0.06716	0.0269	pay 0.0134% / 4h	2h 45m	$3K	$652	10x
Short	Bybit BASEDUSDT	0.06705	0.0100	get 0.0050% / 4h	2h 45m	$2.1M	$571K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.164%Rate

Funding earned: −$35.39
Price spread: −0.164% → 0.000%: −$16.38
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.76
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	3.73 bp	41.4 bp −$41	889.9 bp −$8,899	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 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	+0.0058%	4h	0.06724	+0.119%	$211K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06716	0.000%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06716	0.000%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDTshort	+0.0100%	4h	0.06705	−0.164%	$2.1M	$571K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06710	−0.089%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06713	−0.045%	$534K	$512K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06719	+0.045%	$4.8M	$647K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06710	−0.089%	$560K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06723	+0.104%	$1.3M	$358K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06714	−0.030%	—	$1.6M	—	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	0.06704	−0.178%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06720	+0.057%	$92K	$388K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06711	−0.074%	$1K	$789K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06715	−0.010%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDClong	+0.0269%	4h	0.06716	long leg	$3K	$652	10x