USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0826%/8h= +90.5% APRnext payment +$4.13 per $10,000 · paid last 24h +0.160%

Price spread now: Orderly against edgeX+0.089%7-day average −0.049% · you sell dearer than you buy

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

Long on edgeX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.730%+$73 on $10k

Price spread, last 3 days (all we have)−0.173%−$17 · spread now +0.089%, 7d avg −0.049%

Together, before fees+0.557%+ Points / potential airdropedgeX: Active · farm board+$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Orderly is 0.137% dearer against edgeX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX USELESSUSDC	0.2826	0.0463	pay 0.0232% / 4h	3h 40m	$21K	$192K	10x
Short	Orderly PERP_USELESS_USDC	0.2828	0.1289	get 0.0645% / 4h	3h 40m	$22K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against edgeX. 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 edgeXbpFee OrderlybpOrdersPrice spread, now +0.089%Rate

Funding earned: $173.48
Price spread: +0.089% → −0.049%: $13.72
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $172.2
Costs to cover: 0.150%
Break-even: 0.1 days

Slippage unknown: edgeX: live order book, 31 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 edgeX live order book, 31 min ago	0.71 bp	101.3 bp −$101	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.

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	0.2825	−0.042%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2822	−0.152%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2829	+0.113%	$9.9M	$66.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2824	−0.057%	$46K	$169K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2826	+0.014%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2825	−0.049%	$19K	$505K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2822	−0.156%	$592K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2825	−0.030%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0202%	4h	0.2826	+0.007%	$5.2M	$10.1M	12x	as long as short
Gate USELESS_USDT	+0.0366%	4h	0.2825	−0.025%	$7.1M	$8.3M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0406%	4h	0.2827	+0.028%	$5.4M	$9.6M	20x	as long as short
edgeX USELESSUSDClong	+0.0463%	4h	0.2826	long leg	$21K	$192K	10x
Extended USELESS-USD	+0.0480%	1h	0.2827	+0.036%	$299K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0480%	4h	0.2828	+0.060%	$10.7M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0480%	4h	0.2830	+0.130%	$23.8M	$116.1M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0723%	1h	0.2810	−0.566%	$39K	$703K	25x	as long as short
Aster USELESSUSDT	+0.1041%	4h	0.2825	−0.028%	$649K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1069%	4h	0.2825	−0.028%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1160%	1h	0.2831	+0.173%	$14.2M	$21.1M	3x	as long as short
Bybit USELESSUSDT	+0.1222%	4h	0.2830	+0.145%	$27.8M	$45.9M	13x	as long as short
BingX USELESS-USDT	+0.1282%	4h	0.2831	+0.181%	—	$5.0M	—	as long as short
Orderly PERP_USELESS_USDCshort	+0.1289%	4h	0.2828	+0.089%	$22K	$1.4M	10x
BloFin USELESS-USDT	+0.2147%	4h	0.2826	−0.014%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2988	+5.740%	$5K	$9K	5.5x	as long as short