BASED

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.66 per $10,000 · paid last 24h −0.036%

Price spread now: OKX against Orderly−0.029%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 OKX

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 −$4 a day on $10k at the current rate, and OKX is 0.029% cheaper against Orderly than usual: you would sell low and buy high (−$3 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	0.06861	0.0232	pay 0.0116% / 4h	1h 34m	$3K	$664	10x
Short	OKX BASED-USDT-SWAP	0.06859	0.0100	get 0.0050% / 4h	1h 34m	$2.7M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$27.72
Price spread: −0.029% → 0.000%: −$2.92
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$46.64
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	1.46 bp	21.1 bp −$21	121.0 bp −$1,210	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	+0.0079%	4h	0.06864	+0.044%	$261K	$47K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06861	0.000%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06852	−0.131%	$2.1M	$685K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06859	−0.029%	$2.7M	$3.8M	20x
Gate BASED_USDT	+0.0100%	4h	0.06853	−0.117%	$536K	$579K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06867	+0.087%	$4.9M	$611K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06857	−0.058%	$568K	$74K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06864	+0.044%	$1.3M	$383K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06856	−0.073%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06840	−0.304%	$95K	$15K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06840	−0.299%	$96K	$368K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06849	−0.175%	$2K	$883K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06865	+0.062%	$1K	$199K	5x	as long as short
Aster BASEDUSDT	+0.0144%	4h	0.06862	+0.014%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDClong	+0.0232%	4h	0.06861	long leg	$3K	$664	10x