USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0734%/8h= +80.3% APRnext payment +$3.67 per $10,000 · paid last 24h +0.197%

Price spread now: Orderly against Bitget+0.521%53s7-day average +0.021% · you sell dearer than you buy

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

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.816%+$82 on $10k

Price spread, last 3 days (all we have)−0.492%−$49 · spread now +0.521%, 7d avg +0.021%

Together, before fees+0.323%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Orderly is 0.500% dearer against Bitget than usual: you sell high and buy low: +$50 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USELESSUSDT	0.2804	0.0574	pay 0.0287% / 4h	2h 10m	$5.4M	$9.8M	20x
Short	Orderly PERP_USELESS_USDC	0.2818	0.1308	get 0.0654% / 4h	2h 10m	$22K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee OrderlybpOrdersPrice spread, now +0.521%Rate

Funding earned: $154.04
Price spread: +0.521% → +0.021%: $49.95
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $185.99
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Bitget: 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 Bitget live order book, 3 min ago	6.37 bp	27.2 bp −$27	96.3 bp −$963	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 23 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	0.2804	+0.014%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2806	+0.069%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2809	+0.185%	$9.9M	$66.0M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2804	+0.014%	$7.1M	$8.4M	50x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2822	+0.660%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2816	+0.421%	$18K	$503K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2812	+0.292%	$608K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0142%	4h	0.2804	+0.025%	$5.2M	$10.4M	12x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	0.2818	+0.505%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USD	+0.0426%	1h	0.2809	+0.189%	$28K	$202K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0542%	4h	0.2823	+0.696%	$21K	$195K	10x	as long as short
Binance USELESSUSDT	+0.0554%	4h	0.2805	+0.026%	$23.8M	$117.0M	50x	as long as short
MEXC USELESS_USDT	+0.0556%	4h	0.2806	+0.075%	$10.9M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0560%	1h	0.2805	+0.030%	$300K	$1.1M	5x	as long as short
Bitget USELESSUSDTlong	+0.0574%	4h	0.2804	long leg	$5.4M	$9.8M	20x
BingX USELESS-USDT	+0.0738%	4h	0.2807	+0.114%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0771%	4h	0.2809	+0.193%	$27.3M	$46.3M	13x	as long as short
ApeX Omni USELESSUSDT	+0.0800%	1h	0.2823	+0.685%	$39K	$698K	25x	as long as short
Variational Omni USELESS	+0.0901%	4h	0.2816	+0.434%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1079%	4h	0.2813	+0.329%	$626K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1292%	1h	0.2810	+0.210%	$14.0M	$20.7M	3x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1308%	4h	0.2818	+0.521%	$22K	$1.3M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2989	+6.587%	$5K	$9K	5.5x	as long as short