Funding you earn now, next payment 12:00 UTC+0.0644%/8h= +70.5% APRnext payment +$3.22 per $10,000 · paid last 24h +0.100%
Price spread now: Orderly against Aster−0.020%7-day average +0.030% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)+0.298%+$30 on $10k
+Price spread, last 4 days (all we have)−0.840%−$84 · spread now −0.020%, 7d avg +0.030%
=Together, before fees−0.542%+ Points / potential airdropAster: Stage 5 · farm board−$54 on $10k · with fees, hour by hour
Funding pays, the price is against you. Orderly is 0.050% cheaper against Aster than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.030%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$19 a day). At the pace of the last 6 days (+0.298% in total) that is about 23 hours.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.298% in total (about 19.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.22 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster USELESSUSDT | 0.3015 | 0.0337 | pay 0.0169% / 4h | 3h 05m | $662K | $2.3M | 10x |
| Short | Orderly PERP_USELESS_USDC | 0.3014 | 0.0981 | get 0.0490% / 4h | 3h 05m | $22K | $2.0M | 10x |
Aster USELESSUSDT
Orderly PERP_USELESS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $135.19
- Price spread: −0.020% → +0.030%
- −$5
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $116.18
- Costs to cover
- 0.140%
- Break-even
- 1.0 days
Slippage unknown: Aster: live order book, 3 min ago; Orderly: no order-book sample. 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 Aster live order book, 3 min ago | 7.09 bp | 21.0 bp −$21 | 134.3 bp −$1,343 | 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.
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.3015 | +0.013% | $1.4M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.3017 | +0.070% | $32K | $19K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.3016 | +0.043% | $11.1M | $78.3M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.3013 | −0.060% | $5.5M | $10.9M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.3014 | −0.044% | $5.9M | $11.4M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.3016 | +0.053% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.3013 | −0.077% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2998 | −0.544% | $40K | $561K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.3010 | −0.153% | $685K | $1.3M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.3012 | −0.099% | $11K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster USELESSUSDTlong | +0.0337% | 4h | 0.3015 | long leg | $662K | $2.3M | 10x | |
| Gate USELESS_USDT | +0.0512% | 4h | 0.3015 | +0.023% | $7.6M | $9.2M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0580% | 4h | 0.3030 | +0.489% | $23K | $200K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0596% | 4h | 0.3015 | +0.006% | $15.2M | $7.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0597% | 4h | 0.3015 | −0.008% | $26.2M | $134.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0600% | 1h | 0.3012 | −0.095% | $290K | $1.7M | 5x | as long as short |
| ApeX Omni USELESSUSDT | +0.0921% | 1h | 0.3027 | +0.404% | $57K | $691K | 25x | as long as short |
| Orderly PERP_USELESS_USDCshort | +0.0981% | 4h | 0.3014 | −0.020% | $22K | $2.0M | 10x | |
| Variational Omni USELESS | +0.1026% | 4h | 0.3028 | +0.447% | $1.3M | $1.8M | — | as long as short |
| Hyperliquid USELESS | +0.1239% | 1h | 0.3020 | +0.185% | $13.8M | $23.9M | 3x | as long as short |
| BingX USELESS-USDT | +0.1314% | 4h | 0.3019 | +0.152% | — | $5.7M | — | as long as short |
| Bybit USELESSUSDT | +0.1390% | 4h | 0.3018 | +0.116% | $30.5M | $53.1M | 13x | as long as short |
| BloFin USELESS-USDT | +0.1807% | 4h | 0.3011 | −0.110% | $1.3M | $2.4M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3217 | +6.693% | $5K | $11K | 5.5x | as long as short |
Gate USELESS_USDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
ApeX Omni USELESSUSDT
Variational Omni USELESS
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP