Funding you earn now, next payment 23:00 UTC+0.0751%/8h= +82.2% APRpaid last 24h +0.147%
Price spread now: Orderly against Extended+0.173%7-day average +0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.659%+$66 on $10k
+Price spread, last 3 days (all we have)−0.332%−$33 · spread now +0.173%, 7d avg +0.005%
=Together, before fees+0.328%+ Points / potential airdropExtended: Active · farm board+$33 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 0.168% dearer against Extended than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended USELESS-USD | 0.2734 | 0.0504 | pay 0.0063% / 1h | 22m 57s | $287K | $965K | 5x |
| Short | Orderly PERP_USELESS_USDC | 0.2739 | 0.1255 | get 0.0627% / 4h | 1h 22m | $21K | $1.4M | 10x |
Extended USELESS-USD
Orderly PERP_USELESS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- $157.66
- Price spread: +0.173% → +0.005%
- $16.8
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $163.46
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 60 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 Extended live order book, 60 min ago | 66.50 bp | 84.5 bp −$85 | 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 | 0.2734 | −0.013% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2738 | +0.133% | $30K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2734 | −0.032% | $9.6M | $63.1M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2740 | +0.191% | $26K | $145K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2739 | +0.162% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2742 | +0.265% | $18K | $488K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2727 | −0.291% | $559K | $1.2M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0198% | 1h | 0.2735 | +0.020% | $38K | $699K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2734 | −0.009% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0330% | 4h | 0.2733 | −0.057% | $5.1M | $9.8M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
ApeX Omni USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0380% | 4h | 0.2733 | −0.043% | $6.9M | $8.0M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0492% | 4h | 0.2737 | +0.108% | $20K | $191K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0498% | 4h | 0.2735 | +0.005% | $9.9M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0501% | 4h | 0.2734 | −0.002% | $23.1M | $113.5M | 50x | as long as short |
| Extended USELESS-USDlong | +0.0504% | 1h | 0.2734 | long leg | $287K | $965K | 5x | |
| Bitget USELESSUSDT | +0.0520% | 4h | 0.2732 | −0.072% | $5.2M | $9.1M | 20x | as long as short |
| Hyperliquid USELESS | +0.0912% | 1h | 0.2735 | +0.027% | $13.3M | $20.5M | 3x | as long as short |
| Aster USELESSUSDT | +0.1137% | 4h | 0.2733 | −0.052% | $641K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDCshort | +0.1255% | 4h | 0.2739 | +0.173% | $21K | $1.4M | 10x | |
| BingX USELESS-USDT | +0.1294% | 4h | 0.2737 | +0.093% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1381% | 4h | 0.2737 | +0.100% | $27.4M | $44.6M | 13x | as long as short |
| Variational Omni USELESS | +0.1473% | 4h | 0.2741 | +0.250% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1771% | 4h | 0.2734 | −0.017% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2934 | +7.297% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Bitget USELESSUSDT
Hyperliquid USELESS
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP