USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1203%/8h= +131.7% APRnext payment +$6.02 per $10,000 · paid last 24h +0.259%

Price spread now: Orderly against Gate+0.178%7-day average +0.104% · you sell dearer than you buy

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

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.877%+$88 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.178%, 7d avg +0.104%

Together, before fees+0.779%+$78 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Orderly is 0.075% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USELESS_USDT	0.2805	0.0100	pay 0.0050% / 4h	2h 09m	$7.1M	$8.4M	50x
Short	Orderly PERP_USELESS_USDC	0.2810	0.1303	get 0.0652% / 4h	2h 09m	$22K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now +0.178%Rate

Funding earned: $252.64
Price spread: +0.178% → +0.104%: $7.47
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: $239.11
Costs to cover: 0.210%
Break-even: 0.4 days

Slippage unknown: Gate: 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 Gate live order book, 4 min ago	5.85 bp	47.8 bp −$48	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 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	0.2809	+0.125%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2806	+0.019%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2807	+0.078%	$9.9M	$66.0M	10x	as long as short
Gate USELESS_USDTlong	+0.0100%	4h	0.2805	long leg	$7.1M	$8.4M	50x
SunX USELESS-USDT	+0.0100%	4h	0.2810	+0.178%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2814	+0.328%	$18K	$502K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2802	−0.118%	$605K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0142%	4h	0.2805	−0.021%	$5.2M	$10.4M	12x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2811	+0.211%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USD	+0.0426%	1h	0.2809	+0.139%	$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	+0.646%	$21K	$195K	10x	as long as short
Extended USELESS-USD	+0.0552%	1h	0.2808	+0.084%	$300K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0554%	4h	0.2808	+0.109%	$23.8M	$117.0M	50x	as long as short
MEXC USELESS_USDT	+0.0556%	4h	0.2809	+0.132%	$11.0M	$6.0M	50x	as long as short
Bitget USELESSUSDT	+0.0574%	4h	0.2807	+0.064%	$5.4M	$9.8M	20x	as long as short
BingX USELESS-USDT	+0.0738%	4h	0.2810	+0.171%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0771%	4h	0.2808	+0.118%	$27.3M	$46.3M	13x	as long as short
ApeX Omni USELESSUSDT	+0.0800%	1h	0.2823	+0.635%	$39K	$698K	25x	as long as short
Variational Omni USELESS	+0.0901%	4h	0.2816	+0.383%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1079%	4h	0.2809	+0.136%	$625K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1288%	1h	0.2811	+0.196%	$14.0M	$20.7M	3x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1303%	4h	0.2810	+0.178%	$22K	$1.3M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2989	+6.534%	$5K	$9K	5.5x	as long as short