Funding you earn now, next payment 04:00 UTC−0.0298%/8h= −32.6% APRnext payment −$1.49 per $10,000 · paid last 24h −0.038%
Price spread now: Aster against Orderly−0.344%49s7-day average −0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)−0.224%−$22 on $10k
+Price spread, last 4 days (all we have)+1.204%+$120 · spread now −0.344%, 7d avg −0.024%
=Together, before fees+0.980%+ Points / potential airdropAster: Stage 5 · farm board+$98 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.319% cheaper against Orderly than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_USELESS_USDC | 0.2740 | 0.1342 | pay 0.0671% / 4h | 1h 45m | $21K | $1.3M | 10x |
| Short | Aster USELESSUSDT | 0.2730 | 0.1044 | get 0.0522% / 4h | 1h 45m | $584K | $2.3M | 10x |
Orderly PERP_USELESS_USDC
Aster USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Orderly. 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
- −$62.53
- Price spread: −0.344% → −0.024%
- −$31.94
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$108.48
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 3 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 3 min ago | 5.11 bp | 24.7 bp −$25 | 70.1 bp −$701 | doesn't fit | doesn't fit |
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 | −0.226% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2735 | −0.159% | $30K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2733 | −0.245% | $6.8M | $8.5M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2740 | +0.018% | $32K | $209K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2743 | +0.117% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2746 | +0.230% | $18K | $505K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2737 | −0.095% | $601K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0129% | 4h | 0.2739 | −0.022% | $9.7M | $64.4M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0197% | 1h | 0.2758 | +0.664% | $38K | $693K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0200% | 4h | 0.2740 | +0.015% | $5.1M | $10.4M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2741 | +0.035% | $10K | — | 3x | as long as short |
| Bitget USELESSUSDT | +0.0524% | 4h | 0.2742 | +0.084% | $5.2M | $9.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0570% | 4h | 0.2746 | +0.230% | $21K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0580% | 4h | 0.2740 | +0.004% | $10.7M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0582% | 4h | 0.2741 | +0.051% | $23.2M | $117.8M | 50x | as long as short |
| Extended USELESS-USD | +0.0584% | 1h | 0.2737 | −0.118% | $290K | $1.1M | 5x | as long as short |
| Hyperliquid USELESS | +0.0761% | 1h | 0.2742 | +0.084% | $13.5M | $20.9M | 3x | as long as short |
| BingX USELESS-USDT | +0.0898% | 4h | 0.2742 | +0.095% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0905% | 4h | 0.2743 | +0.120% | $26.6M | $46.4M | 13x | as long as short |
| Variational Omni USELESS | +0.0956% | 4h | 0.2742 | +0.087% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDTshort | +0.1044% | 4h | 0.2730 | −0.344% | $584K | $2.3M | 10x | |
| BloFin USELESS-USDT | +0.1190% | 4h | 0.2744 | +0.153% | — | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDClong | +0.1342% | 4h | 0.2740 | long leg | $21K | $1.3M | 10x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2908 | +6.150% | $5K | $9K | 5.5x | as long as short |
Aevo USELESS-PERP
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP