USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0755%/8h= +82.6% APRnext payment +$3.77 per $10,000 · paid last 24h +0.142%

Price spread now: Orderly against MEXC+0.088%7-day average −0.040% · you sell dearer than you buy

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

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.680%+$68 on $10k

Price spread, last 3 days (all we have)−0.173%−$17 · spread now +0.088%, 7d avg −0.040%

Together, before fees+0.507%+$51 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 0.128% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC USELESS_USDT	0.2737	0.0500	pay 0.0250% / 4h	1h 22m	$9.9M	$5.9M	50x
Short	Orderly PERP_USELESS_USDC	0.2739	0.1255	get 0.0627% / 4h	1h 22m	$21K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against MEXC. 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 MEXCbpFee OrderlybpOrdersPrice spread, now +0.088%Rate

Funding earned: $158.5
Price spread: +0.088% → −0.040%: $12.75
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $157.25
Costs to cover: 0.140%
Break-even: 0.1 days

Slippage unknown: MEXC: live order book, 6 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 MEXC live order book, 6 min ago	1.09 bp	8.4 bp −$8	38.9 bp −$389	155.9 bp −$15.6K	589.4 bp −$294.7K
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	0.2736	−0.022%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2735	−0.080%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2736	−0.029%	$9.6M	$63.1M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2740	+0.106%	$26K	$145K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2739	+0.077%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2742	+0.179%	$18K	$488K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2727	−0.376%	$559K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0198%	1h	0.2735	−0.066%	$38K	$699K	25x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2734	−0.095%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0334%	4h	0.2736	−0.029%	$5.1M	$9.8M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0378%	4h	0.2736	−0.018%	$6.9M	$8.0M	50x	as long as short
edgeX USELESSUSDC	+0.0492%	4h	0.2737	+0.022%	$20K	$191K	10x	as long as short
MEXC USELESS_USDTlong	+0.0500%	4h	0.2737	long leg	$9.9M	$5.9M	50x
Binance USELESSUSDT	+0.0501%	4h	0.2738	+0.046%	$23.1M	$113.5M	50x	as long as short
Extended USELESS-USD	+0.0504%	1h	0.2737	+0.003%	$287K	$965K	5x	as long as short
Bitget USELESSUSDT	+0.0514%	4h	0.2735	−0.073%	$5.2M	$9.1M	20x	as long as short
Hyperliquid USELESS	+0.0911%	1h	0.2740	+0.130%	$13.3M	$20.5M	3x	as long as short
Aster USELESSUSDT	+0.1136%	4h	0.2734	−0.116%	$641K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1255%	4h	0.2739	+0.088%	$21K	$1.4M	10x
BingX USELESS-USDT	+0.1294%	4h	0.2741	+0.153%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1377%	4h	0.2738	+0.051%	$27.4M	$44.6M	13x	as long as short
Variational Omni USELESS	+0.1473%	4h	0.2741	+0.165%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1771%	4h	0.2734	−0.102%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2934	+7.205%	$5K	$9K	5.5x	as long as short