BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.028%

Price spread now: Gate against Orderly−0.073%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 Gate

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 −$7 a day on $10k at the current rate, and Gate is 0.073% cheaper against Orderly than usual: you would sell low and buy high (−$7 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	0.06826	0.0340	pay 0.0170% / 4h	30m 09s	$3K	$652	10x
Short	Gate BASED_USDT	0.06821	0.0100	get 0.0050% / 4h	30m 09s	$542K	$534K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.073%Rate

Funding earned: −$50.46
Price spread: −0.073% → 0.000%: −$7.32
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$78.78
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 46 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 Gate live order book, 46 min ago	5.87 bp	37.0 bp −$37	doesn't fit	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
Binance BASEDUSDT	+0.0100%	4h	0.06827	+0.015%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06821	−0.073%	$2.1M	$584K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06824	−0.029%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06821	−0.073%	$542K	$534K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06826	0.000%	$4.8M	$644K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06823	−0.044%	$572K	$80K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06825	−0.015%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06818	−0.117%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06810	−0.231%	$93K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06820	−0.088%	$89K	$363K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06819	−0.103%	$2K	$820K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06825	−0.014%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0158%	4h	0.06823	−0.044%	$252K	$41K	25x	as long as short
Aster BASEDUSDT	+0.0285%	4h	0.06822	−0.056%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDClong	+0.0340%	4h	0.06826	long leg	$3K	$652	10x