USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0492%/8h= −53.9% APRnext payment −$2.46 per $10,000 · paid last 24h −0.191%

Price spread now: MEXC against Orderly−0.037%7-day average +0.032% · you buy dearer than you sell

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

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.782%−$78 on $10k

Price spread, last 4 days (all we have)+0.638%+$64 · spread now −0.037%, 7d avg +0.032%

Together, before fees−0.144%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and MEXC is 0.069% cheaper against Orderly than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_USELESS_USDC	0.3003	0.0960	pay 0.0480% / 4h	3h 39m	$22K	$1.9M	10x
Short	MEXC USELESS_USDT	0.3002	0.0468	get 0.0234% / 4h	3h 39m	$14.0M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$103.41
Price spread: −0.037% → +0.032%: −$6.87
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$124.27
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.50 bp	7.2 bp −$7	53.3 bp −$533	162.7 bp −$16.3K	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	0.2999	−0.133%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.3001	−0.096%	$32K	$19K	3x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2997	−0.213%	$5.5M	$10.9M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2997	−0.210%	$5.7M	$11.3M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.3003	−0.007%	$29K	$284K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.3001	−0.070%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.3008	+0.153%	$20K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2998	−0.173%	$688K	$1.3M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0113%	4h	0.2998	−0.186%	$10.9M	$78.2M	10x	as long as short
Gate USELESS_USDT	+0.0124%	4h	0.2998	−0.170%	$7.6M	$8.9M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0200%	1h	0.3002	−0.032%	$11K	—	3x	as long as short
Aster USELESSUSDT	+0.0338%	4h	0.2999	−0.154%	$629K	$2.3M	10x	as long as short
edgeX USELESSUSDC	+0.0459%	4h	0.3007	+0.118%	$22K	$199K	10x	as long as short
MEXC USELESS_USDTshort	+0.0468%	4h	0.3002	−0.037%	$14.0M	$6.5M	50x
Extended USELESS-USD	+0.0472%	1h	0.3003	−0.007%	$285K	$1.7M	5x	as long as short
Binance USELESSUSDT	+0.0473%	4h	0.2997	−0.223%	$25.7M	$131.8M	50x	as long as short
BingX USELESS-USDT	+0.0616%	4h	0.2998	−0.170%	—	$5.5M	—	as long as short
Bybit USELESSUSDT	+0.0803%	4h	0.3000	−0.113%	$29.7M	$53.0M	13x	as long as short
Variational Omni USELESS	+0.0820%	4h	0.3004	+0.025%	$1.3M	$1.9M	—	as long as short
Orderly PERP_USELESS_USDClong	+0.0960%	4h	0.3003	long leg	$22K	$1.9M	10x
Hyperliquid USELESS	+0.1095%	1h	0.3003	−0.030%	$13.5M	$24.2M	3x	as long as short
ApeX Omni USELESSUSDT	+0.1365%	1h	0.3001	−0.080%	$56K	$699K	25x	as long as short
BloFin USELESS-USDT	+0.1392%	4h	0.3001	−0.067%	$1.3M	$2.3M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3178	+5.813%	$5K	$11K	5.5x	as long as short