USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1187%/8h= +130.0% APRnext payment +$5.94 per $10,000 · paid last 24h +0.241%

Price spread now: Orderly against OKX+0.095%7-day average +0.029% · you sell dearer than you buy

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

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.854%+$85 on $10k

Price spread, last 3 days (all we have)−0.155%−$15 · spread now +0.095%, 7d avg +0.029%

Together, before fees+0.699%+$70 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 0.066% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USELESS-USDT-SWAP	0.2729	0.0100	pay 0.0050% / 4h	1h 12m	$9.6M	$63.2M	10x
Short	Orderly PERP_USELESS_USDC	0.2732	0.1287	get 0.0644% / 4h	1h 12m	$21K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against OKX. 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 OKXbpFee OrderlybpOrdersPrice spread, now +0.095%Rate

Funding earned: $249.33
Price spread: +0.095% → +0.029%: $6.64
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $239.96
Costs to cover: 0.160%
Break-even: 0.3 days

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	0.73 bp	18.8 bp −$19	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	0.2731	+0.081%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2734	+0.176%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAPlong	+0.0100%	4h	0.2729	long leg	$9.6M	$63.2M	10x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2730	+0.018%	$26K	$147K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2732	+0.095%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2731	+0.073%	$18K	$489K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2727	−0.084%	$559K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2734	+0.166%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0228%	1h	0.2725	−0.154%	$38K	$699K	25x	as long as short
KuCoin USELESSUSDTM	+0.0336%	4h	0.2728	−0.029%	$5.1M	$9.9M	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	+0.0346%	4h	0.2728	−0.033%	$6.8M	$8.1M	50x	as long as short
edgeX USELESSUSDC	+0.0463%	4h	0.2727	−0.074%	$20K	$192K	10x	as long as short
Bitget USELESSUSDT	+0.0474%	4h	0.2731	+0.062%	$5.2M	$9.1M	20x	as long as short
MEXC USELESS_USDT	+0.0486%	4h	0.2731	+0.077%	$9.9M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0488%	4h	0.2733	+0.141%	$23.1M	$114.1M	50x	as long as short
Extended USELESS-USD	+0.0488%	1h	0.2731	+0.061%	$287K	$966K	5x	as long as short
Hyperliquid USELESS	+0.0840%	1h	0.2732	+0.110%	$13.3M	$20.6M	3x	as long as short
Aster USELESSUSDT	+0.1110%	4h	0.2733	+0.125%	$640K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1287%	4h	0.2732	+0.095%	$21K	$1.4M	10x
BingX USELESS-USDT	+0.1320%	4h	0.2732	+0.121%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1355%	4h	0.2732	+0.084%	$27.3M	$44.7M	13x	as long as short
Variational Omni USELESS	+0.1492%	4h	0.2726	−0.135%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1773%	4h	0.2735	+0.216%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2894	+6.053%	$5K	$9K	5.5x	as long as short