Funding you earn now, next payment 03:00 UTC−0.0774%/8h= −84.8% APRpaid last 24h −0.158%
Price spread now: Extended against Orderly−0.083%7-day average −0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.697%−$70 on $10k
+Price spread, last 4 days (all we have)+0.610%+$61 · spread now −0.083%, 7d avg −0.009%
=Together, before fees−0.087%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Extended is 0.074% cheaper against Orderly than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_USELESS_USDC | 0.2741 | 0.1390 | pay 0.0695% / 4h | 1h 17m | $21K | $1.3M | 10x |
| Short | Extended USELESS-USD | 0.2739 | 0.0616 | get 0.0077% / 1h | 17m 13s | $289K | $1.1M | 5x |
Orderly PERP_USELESS_USDC
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$162.64
- Price spread: −0.083% → −0.009%
- −$7.43
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$181.06
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 1 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 Extended live order book, 1 min ago | 8.97 bp | 39.5 bp −$40 | doesn't fit | 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 | 0.2737 | −0.142% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2747 | +0.226% | $30K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2741 | 0.000% | $6.9M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2745 | +0.146% | $39K | $216K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2748 | +0.259% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2746 | +0.193% | $18K | $511K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2741 | +0.007% | $606K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0207% | 4h | 0.2738 | −0.117% | $9.7M | $64.3M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0238% | 1h | 0.2754 | +0.478% | $38K | $695K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2740 | −0.024% | $10K | — | 3x | 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
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0280% | 4h | 0.2745 | +0.131% | $5.0M | $10.4M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0548% | 4h | 0.2739 | −0.066% | $5.3M | $9.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0603% | 4h | 0.2740 | −0.021% | $20K | $196K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0614% | 4h | 0.2746 | +0.193% | $10.9M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0616% | 4h | 0.2739 | −0.084% | $23.2M | $118.0M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0616% | 1h | 0.2739 | −0.083% | $289K | $1.1M | 5x | |
| Hyperliquid USELESS | +0.0685% | 1h | 0.2745 | +0.146% | $13.4M | $20.9M | 3x | as long as short |
| BingX USELESS-USDT | +0.0934% | 4h | 0.2743 | +0.080% | — | $5.2M | — | as long as short |
| Bybit USELESSUSDT | +0.0974% | 4h | 0.2740 | −0.022% | $26.4M | $46.5M | 13x | as long as short |
| Variational Omni USELESS | +0.1034% | 4h | 0.2753 | +0.454% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1044% | 4h | 0.2742 | +0.024% | $577K | $2.2M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1267% | 4h | 0.2737 | −0.128% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDClong | +0.1390% | 4h | 0.2741 | long leg | $21K | $1.3M | 10x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2908 | +6.111% | $5K | $9K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP