USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0753%/8h= +82.5% APRnext payment +$3.77 per $10,000 · paid last 24h +0.158%

Price spread now: Orderly against Binance+0.033%7-day average −0.010% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.720%+$72 on $10k

Price spread, last 4 days (all we have)−0.571%−$57 · spread now +0.033%, 7d avg −0.010%

Together, before fees+0.149%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Orderly is 0.043% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2756	0.0600	pay 0.0300% / 4h	1h 43m	$23.3M	$118.0M	50x
Short	Orderly PERP_USELESS_USDC	0.2757	0.1353	get 0.0677% / 4h	1h 43m	$21K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now +0.033%Rate

Funding earned: $158.2
Price spread: +0.033% → −0.010%: $4.3
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $146.49
Costs to cover: 0.160%
Break-even: 0.5 days

Slippage unknown: Binance: live order book, 15 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 Binance live order book, 15 min ago	0.18 bp	10.1 bp −$10	69.0 bp −$690	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	0.2756	−0.004%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2751	−0.174%	$31K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2751	−0.178%	$6.9M	$8.5M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2741	−0.533%	$38K	$693K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2753	−0.109%	$33K	$210K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2756	+0.022%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2755	−0.011%	$18K	$506K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2746	−0.341%	$603K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0133%	4h	0.2755	−0.036%	$9.7M	$64.8M	10x	as long as short
KuCoin USELESSUSDTM	+0.0208%	4h	0.2755	−0.029%	$5.1M	$10.4M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0224%	1h	0.2757	+0.055%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0528%	4h	0.2754	−0.058%	$5.3M	$9.9M	20x	as long as short
edgeX USELESSUSDC	+0.0567%	4h	0.2747	−0.319%	$21K	$196K	10x	as long as short
MEXC USELESS_USDT	+0.0582%	4h	0.2755	−0.036%	$10.8M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0600%	1h	0.2756	+0.004%	$292K	$1.1M	5x	as long as short
Binance USELESSUSDTlong	+0.0600%	4h	0.2756	long leg	$23.3M	$118.0M	50x
Hyperliquid USELESS	+0.0757%	1h	0.2756	−0.007%	$13.5M	$20.9M	3x	as long as short
BingX USELESS-USDT	+0.0898%	4h	0.2755	−0.025%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0907%	4h	0.2756	+0.015%	$26.7M	$46.5M	13x	as long as short
Variational Omni USELESS	+0.0956%	4h	0.2742	−0.491%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1059%	4h	0.2754	−0.053%	$587K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1177%	4h	0.2742	−0.479%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1353%	4h	0.2757	+0.033%	$21K	$1.3M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2909	+5.574%	$5K	$9K	5.5x	as long as short