BASED

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.089%

7d average—if it closes, per $10,000$9funding while held, a day+$3.57

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BASED-USDT	0.06759	0.0100	pay 0.0050% / 4h	2h 00m	$1K	$743K	20x
Short	Orderly PERP_BASED_USDC	0.06753	0.0219	get 0.0110% / 4h	2h 00m	$3K	$801	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee SunXbpFee OrderlybpOrdersClose when spread is

Spread captured: −$8.88
Funding while held: $3.57
Slippage, 4 orders: no order book: not counted
Fee SunX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$21.31
Spread needed to break even: 0.160%

Slippage unknown: SunX: live order book, 38 min ago; Orderly: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0119%
Per $10,000 a day: +$3.57
Average in range /8h: —

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 SunX live order book, 38 min ago	501.03 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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 price on every exchange

against the cheapest. Click to use as the short leg.

Variational Omni0.06736cheapest KuCoin0.06738+0.029%Bybit0.06740+0.058%BingX0.06744+0.118%Gate0.06745+0.133%OKX0.06746+0.147%Aster0.06747+0.161%

Orderly0.06753+0.251%

MEXC0.06755+0.281%Extended0.06756+0.292%Binance0.06756+0.298%

SunX0.06759+0.340%

BloFin0.06760+0.355%Bitget0.06761+0.370%

BASED on 14 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni BASED	−0.339%	+0.0100%	4h	$92K	$21K	—	as long as short
KuCoin BASEDUSDTM	−0.311%	+0.0100%	4h	$573K	$108K	20x	as long as short
Bybit BASEDUSDT	−0.281%	+0.0100%	4h	$2.1M	$554K	25x	as long as short
BingX BASED-USDT	−0.222%	+0.0100%	4h	—	$1.6M	—	as long as short
Gate BASED_USDT	−0.207%	+0.0100%	4h	$533K	$508K	50x	as long as short
OKX BASED-USDT-SWAP	−0.192%	+0.0100%	4h	$2.6M	$3.3M	20x	as long as short
Aster BASEDUSDT	−0.179%	+0.0100%	4h	$28K	$9K	5x	as long as short
Orderly PERP_BASED_USDCshort	−0.089%	+0.0219%	4h	$3K	$801	10x
MEXC BASED_USDT	−0.059%	+0.0100%	4h	$4.8M	$606K	50x	as long as short
Extended BASED-USD	−0.048%	+0.0104%	1h	$5K	$226K	5x	as long as short

Show all 14 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Binance BASEDUSDT	−0.042%	+0.0100%	4h	$4.1M	$2.8M	25x	as long as short
SunX BASED-USDTlong	0.000%	+0.0100%	4h	$1K	$743K	20x
BloFin BASED-USDT	+0.015%	+0.0040%	4h	$256K	$36K	25x	as long as short
Bitget BASEDUSDT	+0.030%	+0.0100%	4h	$1.3M	$464K	25x	as long as short