BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0151%/8h= −16.5% APRnext payment −$0.76 per $10,000 · paid last 24h −0.039%

Price spread now: KuCoin against Orderly−0.537%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 KuCoin

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 KuCoin is 0.537% cheaper against Orderly than usual: you would sell low and buy high (−$54 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	0.06894	0.0323	pay 0.0162% / 4h	2h 12m	$3K	$664	10x
Short	KuCoin BASEDUSDTM	0.06857	0.0172	get 0.0086% / 4h	2h 12m	$585K	$73K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.537%Rate

Funding earned: −$31.72
Price spread: −0.537% → 0.000%: −$53.67
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$103.39
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 47 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 KuCoin live order book, 47 min ago	19.72 bp	388.1 bp −$388	908.1 bp −$9,081	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	0.06894	0.000%	$4.3M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06876	−0.261%	$2.1M	$700K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06889	−0.073%	$2.7M	$3.9M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06880	−0.203%	$541K	$603K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06894	0.000%	$4.9M	$536K	50x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06898	+0.058%	$1.3M	$383K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06882	−0.174%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06869	−0.365%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06829	−0.949%	$92K	$374K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06884	−0.145%	$2K	$926K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BASED-USD	+0.0104%	1h	0.06890	−0.054%	$2K	$231K	5x	as long as short
BloFin BASED-USDT	+0.0107%	4h	0.06888	−0.087%	$259K	$50K	25x	as long as short
Aster BASEDUSDT	+0.0166%	4h	0.06882	−0.168%	$29K	$6K	5x	as long as short
KuCoin BASEDUSDTMshort	+0.0172%	4h	0.06857	−0.537%	$585K	$73K	20x
Orderly PERP_BASED_USDClong	+0.0323%	4h	0.06894	long leg	$3K	$664	10x