USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0551%/8h= −60.4% APRnext payment −$2.76 per $10,000 · paid last 24h −0.151%

Price spread now: BingX against Orderly+0.004%7-day average +0.009% · you sell dearer than you buy

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

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.682%−$68 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.004%, 7d avg +0.009%

Together, before fees−0.683%−$68 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_USELESS_USDC	0.2638	0.1279	pay 0.0640% / 4h	3h 13m	$20K	$1.2M	10x
Short	BingX USELESS-USDT	0.2639	0.0728	get 0.0364% / 4h	3h 13m	—	$5.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Orderly. 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 OrderlybpFee BingXbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$115.8
Price spread: +0.004% → +0.009%: −$0.48
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$132.28
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 6 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 BingX live order book, 6 min ago	0.19 bp	23.0 bp −$23	69.3 bp −$693	404.0 bp −$40.4K	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	0.2635	−0.148%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2636	−0.097%	$28K	$18K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2636	−0.083%	$25K	$236K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2636	−0.091%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2635	−0.140%	$18K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2638	−0.019%	$610K	$1.1M	20x	as long as short
Gate USELESS_USDT	+0.0124%	4h	0.2632	−0.246%	$6.6M	$8.6M	50x	as long as short
Aster USELESSUSDT	+0.0135%	4h	0.2635	−0.140%	$520K	$2.4M	10x	as long as short
Bitget USELESSUSDT	+0.0140%	4h	0.2638	−0.008%	$5.0M	$10.3M	20x	as long as short
Aevo USELESS-PERP	+0.0160%	1h	0.2640	+0.064%	$9K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX USELESS-USDT-SWAP	+0.0180%	4h	0.2638	−0.004%	$9.0M	$63.7M	10x	as long as short
KuCoin USELESSUSDTM	+0.0190%	4h	0.2632	−0.231%	$4.8M	$10.7M	12x	as long as short
edgeX USELESSUSDC	+0.0302%	4h	0.2623	−0.589%	$19K	$197K	10x	as long as short
Extended USELESS-USD	+0.0304%	1h	0.2638	−0.021%	$112K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0307%	4h	0.2639	+0.009%	$22.0M	$121.6M	50x	as long as short
MEXC USELESS_USDT	+0.0310%	4h	0.2637	−0.053%	$10.6M	$6.1M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0371%	1h	0.2625	−0.512%	$36K	$695K	25x	as long as short
Hyperliquid USELESS	+0.0372%	1h	0.2637	−0.072%	$11.5M	$22.6M	3x	as long as short
Bybit USELESSUSDT	+0.0557%	4h	0.2638	0.000%	$24.9M	$48.4M	13x	as long as short
Variational Omni USELESS	+0.0603%	4h	0.2623	−0.595%	$1.0M	$1.8M	—	as long as short
BingX USELESS-USDTshort	+0.0728%	4h	0.2639	+0.004%	—	$5.3M	—
BloFin USELESS-USDT	+0.0867%	4h	0.2637	−0.038%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDClong	+0.1279%	4h	0.2638	long leg	$20K	$1.2M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2776	+5.226%	$5K	$11K	5.5x	as long as short