Funding you earn now, next payment 04:00 UTC+0.1144%/8h= +125.3% APRnext payment +$5.72 per $10,000 · paid last 24h +0.270%
Price spread now: Orderly against HTX+0.046%7-day average +0.106% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.941%+$94 on $10k
+Price spread, last 3 days (all we have)+0.291%+$29 · spread now +0.046%, 7d avg +0.106%
=Funding pays, the price is against you. Orderly is 0.060% cheaper against HTX than usual: you would sell low and buy high (spread +0.046% now, against its 7-day average of +0.106%). If the spread goes back, that is −$6 on $10k: about 4 hours of funding at the current rate (+$34 a day). At the pace of the last 7 days (+0.941% in total) that is about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX USELESS-USDT | 0.2810 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $18K | $514K | 20x |
| Short | Orderly PERP_USELESS_USDC | 0.2811 | 0.1244 | get 0.0622% / 4h | 2h 55m | $22K | $1.4M | 10x |
HTX USELESS-USDT
Orderly PERP_USELESS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against HTX. 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
- $240.21
- Price spread: +0.046% → +0.106%
- −$6
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $216.21
- Costs to cover
- 0.180%
- Break-even
- 0.7 days
Slippage unknown: HTX: live order book, 13 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 HTX live order book, 13 min ago | 35.00 bp | doesn't fit | 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 | 0.2810 | +0.025% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2818 | +0.316% | $31K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2811 | +0.064% | $9.9M | $66.7M | 10x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2809 | −0.036% | $7.1M | $8.3M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2834 | +0.868% | $39K | $698K | 25x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2811 | +0.053% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDTlong | +0.0100% | 4h | 0.2810 | long leg | $18K | $514K | 20x | |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2806 | −0.135% | $593K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0120% | 4h | 0.2808 | −0.064% | $5.2M | $10.2M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2811 | +0.052% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Gate USELESS_USDT
ApeX Omni USELESSUSDT
SunX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps USELESS-USD | +0.0390% | 1h | 0.2814 | +0.164% | $45K | $183K | 3x | as long as short |
| Extended USELESS-USD | +0.0488% | 1h | 0.2810 | +0.014% | $295K | $1.2M | 5x | as long as short |
| Binance USELESSUSDT | +0.0488% | 4h | 0.2811 | +0.044% | $23.8M | $117.4M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0488% | 4h | 0.2844 | +1.241% | $21K | $193K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0492% | 4h | 0.2812 | +0.068% | $11.0M | $6.0M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0586% | 4h | 0.2808 | −0.071% | $5.4M | $9.9M | 20x | as long as short |
| BingX USELESS-USDT | +0.0692% | 4h | 0.2808 | −0.043% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0829% | 4h | 0.2811 | +0.050% | $27.4M | $46.6M | 13x | as long as short |
| Hyperliquid USELESS | +0.0844% | 1h | 0.2816 | +0.238% | $14.1M | $21.1M | 3x | as long as short |
| Variational Omni USELESS | +0.0962% | 4h | 0.2815 | +0.178% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1039% | 4h | 0.2806 | −0.138% | $645K | $2.3M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1051% | 4h | 0.2811 | +0.053% | $1.2M | $2.1M | 12x | as long as short |
| Orderly PERP_USELESS_USDCshort | +0.1244% | 4h | 0.2811 | +0.046% | $22K | $1.4M | 10x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2975 | +5.887% | $5K | $9K | 5.5x | as long as short |
Polymarket Perps USELESS-USD
Extended USELESS-USD
Binance USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Bitget USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Hyperliquid USELESS
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP