Funding you earn now, next payment 09:00 UTC+0.0482%/8h= +52.8% APRpaid last 24h +0.189%
Price spread now: Orderly against Extended+0.094%7-day average +0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.769%+$77 on $10k
+Price spread, last 4 days (all we have)−0.620%−$62 · spread now +0.094%, 7d avg +0.006%
=Together, before fees+0.149%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Orderly is 0.088% dearer against Extended than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended USELESS-USD | 0.3000 | 0.0480 | pay 0.0060% / 1h | 38m 08s | $285K | $1.7M | 5x |
| Short | Orderly PERP_USELESS_USDC | 0.3003 | 0.0962 | get 0.0481% / 4h | 3h 38m | $22K | $1.9M | 10x |
Extended USELESS-USD
Orderly PERP_USELESS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- $101.22
- Price spread: +0.094% → +0.006%
- $8.75
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $98.98
- Costs to cover
- 0.110%
- Break-even
- 0.2 days
Slippage unknown: Extended: live order book, 5 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 Extended live order book, 5 min ago | 49.32 bp | 66.5 bp −$66 | 399.8 bp −$3,998 | 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 | 0.2981 | −0.620% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2994 | −0.210% | $32K | $19K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2969 | −1.046% | $7.5M | $8.9M | 50x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2994 | −0.183% | $5.5M | $10.9M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2981 | −0.633% | $5.7M | $11.3M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.3003 | +0.107% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.3000 | +0.007% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2978 | −0.743% | $20K | $515K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2997 | −0.096% | $688K | $1.3M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0111% | 4h | 0.2979 | −0.700% | $10.9M | $77.8M | 10x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0200% | 1h | 0.3001 | +0.040% | $11K | — | 3x | as long as short |
| Aster USELESSUSDT | +0.0339% | 4h | 0.2986 | −0.463% | $626K | $2.3M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0459% | 4h | 0.3007 | +0.232% | $22K | $199K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0472% | 4h | 0.2978 | −0.740% | $14.0M | $6.6M | 50x | as long as short |
| Binance USELESSUSDT | +0.0479% | 4h | 0.2981 | −0.640% | $25.6M | $132.0M | 50x | as long as short |
| Extended USELESS-USDlong | +0.0480% | 1h | 0.3000 | long leg | $285K | $1.7M | 5x | |
| BingX USELESS-USDT | +0.0616% | 4h | 0.2981 | −0.620% | — | $5.5M | — | as long as short |
| Variational Omni USELESS | +0.0820% | 4h | 0.3004 | +0.139% | $1.3M | $1.9M | — | as long as short |
| Bybit USELESSUSDT | +0.0898% | 4h | 0.2976 | −0.786% | $29.5M | $53.0M | 13x | as long as short |
| Orderly PERP_USELESS_USDCshort | +0.0962% | 4h | 0.3003 | +0.094% | $22K | $1.9M | 10x | |
| Hyperliquid USELESS | +0.1069% | 1h | 0.2983 | −0.553% | $13.4M | $24.2M | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.1365% | 1h | 0.3001 | +0.034% | $56K | $699K | 25x | as long as short |
| BloFin USELESS-USDT | +0.1392% | 4h | 0.3001 | +0.047% | $1.3M | $2.3M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3178 | +5.934% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
Aster USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Bybit USELESSUSDT
Hyperliquid USELESS
ApeX Omni USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP