USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0182%/8h= +19.9% APRnext payment +$0.91 per $10,000 · paid last 24h +0.036%

Price spread now: Orderly against Aster−0.039%7-day average +0.019% · you buy dearer than you sell

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

Long on Aster Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.209%+$21 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.039%, 7d avg +0.019%

Together, before fees+0.246%+ Points / potential airdropAster: Stage 5 · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.057% cheaper against Aster than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.019%). If the spread goes back, that is −$6 on $10k: about 25 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster USELESSUSDT	0.2841	0.1156	pay 0.0578% / 4h	50m 11s	$653K	$2.3M	10x
Short	Orderly PERP_USELESS_USDC	0.2840	0.1338	get 0.0669% / 4h	50m 11s	$22K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpFee OrderlybpOrdersPrice spread, now −0.039%Rate

Funding earned: $38.15
Price spread: −0.039% → +0.019%: −$5.72
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $18.43
Costs to cover: 0.140%
Break-even: 3.6 days

Slippage unknown: Aster: live order book, 3 min ago; Orderly: no order-book sample. 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 Aster live order book, 3 min ago	4.26 bp	18.8 bp −$19	143.7 bp −$1,437	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	0.2838	−0.092%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2845	+0.151%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2843	+0.074%	$9.9M	$66.6M	10x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2839	−0.067%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2838	−0.109%	$19K	$493K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2836	−0.162%	$570K	$1.2M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0152%	1h	0.2838	−0.092%	$31K	$153K	3x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2839	−0.065%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0334%	4h	0.2839	−0.063%	$5.2M	$9.9M	12x	as long as short
Bitget USELESSUSDT	+0.0424%	4h	0.2841	−0.004%	$5.4M	$9.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0476%	4h	0.2838	−0.081%	$7.1M	$8.2M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0504%	1h	0.2822	−0.658%	$39K	$702K	25x	as long as short
edgeX USELESSUSDC	+0.0517%	4h	0.2810	−1.068%	$21K	$191K	10x	as long as short
MEXC USELESS_USDT	+0.0534%	4h	0.2840	−0.011%	$10.4M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0536%	4h	0.2840	−0.032%	$23.9M	$115.5M	50x	as long as short
Extended USELESS-USD	+0.0536%	1h	0.2838	−0.080%	$298K	$966K	5x	as long as short
Aster USELESSUSDTlong	+0.1156%	4h	0.2841	long leg	$653K	$2.3M	10x
BingX USELESS-USDT	+0.1162%	4h	0.2845	+0.155%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1216%	4h	0.2840	−0.011%	$28.1M	$45.4M	13x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1338%	4h	0.2840	−0.039%	$22K	$1.4M	10x
Variational Omni USELESS	+0.1363%	4h	0.2833	−0.257%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1493%	1h	0.2848	+0.257%	$14.1M	$20.9M	3x	as long as short
BloFin USELESS-USDT	+0.1572%	4h	0.2842	+0.053%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2988	+5.192%	$5K	$9K	5.5x	as long as short