USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0793%/8h= +86.8% APRnext payment +$3.96 per $10,000 · paid last 24h +0.118%

Price spread now: Orderly against BingX−0.140%7-day average −0.006% · you buy dearer than you sell

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

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.643%+$64 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.140%, 7d avg −0.006%

Together, before fees+0.774%+$77 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.134% cheaper against BingX than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.006%). If the spread goes back, that is −$13 on $10k: about 14 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.643% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX USELESS-USDT	0.2570	0.0532	pay 0.0266% / 4h	30m 46s	—	$5.3M	—
Short	Orderly PERP_USELESS_USDC	0.2567	0.1325	get 0.0662% / 4h	30m 46s	$19K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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 BingXbpFee OrderlybpOrdersPrice spread, now −0.140%Rate

Funding earned: $166.45
Price spread: −0.140% → −0.006%: −$13.39
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $137.06
Costs to cover: 0.160%
Break-even: 1.2 days

Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago	3.72 bp	19.6 bp −$20	55.1 bp −$551	469.9 bp −$47.0K	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	0.2567	−0.128%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2571	+0.039%	$11.4M	$22.8M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2568	−0.082%	$28K	$70K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2560	−0.405%	$34K	$221K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2565	−0.210%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2560	−0.409%	$17K	$521K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2566	−0.160%	$575K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2562	−0.325%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0200%	4h	0.2571	+0.008%	$8.9M	$63.2M	10x	as long as short
Gate USELESS_USDT	+0.0224%	4h	0.2568	−0.101%	$6.4M	$8.7M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0228%	4h	0.2566	−0.175%	$4.6M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0354%	4h	0.2568	−0.074%	$4.9M	$10.4M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0420%	1h	0.2558	−0.479%	$33K	$693K	25x	as long as short
edgeX USELESSUSDC	+0.0458%	4h	0.2553	−0.669%	$19K	$196K	10x	as long as short
Extended USELESS-USD	+0.0464%	1h	0.2569	−0.032%	$113K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0464%	4h	0.2570	−0.023%	$10.3M	$6.2M	50x	as long as short
Binance USELESSUSDT	+0.0465%	4h	0.2570	−0.023%	$21.4M	$123.4M	50x	as long as short
Aster USELESSUSDT	+0.0504%	4h	0.2568	−0.075%	$509K	$2.4M	10x	as long as short
BingX USELESS-USDTlong	+0.0532%	4h	0.2570	long leg	—	$5.3M	—
Bybit USELESSUSDT	+0.0543%	4h	0.2567	−0.113%	$24.5M	$48.6M	13x	as long as short
Variational Omni USELESS	+0.0718%	4h	0.2564	−0.253%	$1.0M	$1.9M	—	as long as short
BloFin USELESS-USDT	+0.0797%	4h	0.2566	−0.163%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1325%	4h	0.2567	−0.140%	$19K	$1.2M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2704	+5.210%	$5K	$11K	5.5x	as long as short