USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1186%/8h= −129.9% APRnext payment −$5.93 per $10,000 · paid last 24h −0.261%

Price spread now: HTX against Orderly−0.066%7-day average −0.104% · you buy dearer than you sell

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

Long on Orderly Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.884%−$88 on $10k

Price spread, last 3 days (all we have)−0.284%−$28 · spread now −0.066%, 7d avg −0.104%

Together, before fees−1.167%−$117 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.038% dearer against Orderly than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.104%): +$4 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.884% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_USELESS_USDC	0.2727	0.1286	pay 0.0643% / 4h	1h 09m	$21K	$1.4M	10x
Short	HTX USELESS-USDT	0.2725	0.0100	get 0.0050% / 4h	1h 09m	$18K	$489K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$249.11
Price spread: −0.066% → −0.104%: $3.82
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$263.29
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 9 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 HTX live order book, 9 min ago	45.05 bp	doesn't fit	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	0.2719	−0.279%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2720	−0.241%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2707	−0.726%	$9.5M	$62.7M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2708	−0.668%	$26K	$149K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2726	−0.029%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2725	−0.066%	$18K	$489K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2722	−0.180%	$557K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0197%	1h	0.2729	+0.092%	$38K	$700K	25x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2728	+0.072%	$10K	—	3x	as long as short
Gate USELESS_USDT	+0.0314%	4h	0.2713	−0.488%	$6.8M	$8.1M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0326%	4h	0.2718	−0.301%	$5.1M	$9.9M	12x	as long as short
Bitget USELESSUSDT	+0.0460%	4h	0.2706	−0.767%	$5.2M	$9.1M	20x	as long as short
MEXC USELESS_USDT	+0.0476%	4h	0.2719	−0.260%	$9.9M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0478%	4h	0.2708	−0.679%	$22.9M	$114.2M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2713	−0.505%	$286K	$966K	5x	as long as short
edgeX USELESSUSDC	+0.0487%	4h	0.2726	−0.015%	$20K	$191K	10x	as long as short
Hyperliquid USELESS	+0.0843%	1h	0.2722	−0.158%	$13.3M	$20.6M	3x	as long as short
Aster USELESSUSDT	+0.1094%	4h	0.2716	−0.389%	$636K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDClong	+0.1286%	4h	0.2727	long leg	$21K	$1.4M	10x
BingX USELESS-USDT	+0.1296%	4h	0.2711	−0.583%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1324%	4h	0.2707	−0.726%	$27.1M	$44.8M	13x	as long as short
Variational Omni USELESS	+0.1472%	4h	0.2725	−0.067%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1762%	4h	0.2727	0.000%	$1.1M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2894	+6.158%	$5K	$9K	5.5x	as long as short