USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1094%/8h= +119.8% APRnext payment +$5.47 per $10,000 · paid last 24h +0.276%

Price spread now: Orderly against Gate+0.201%7-day average +0.104% · you sell dearer than you buy

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

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.929%+$93 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.201%, 7d avg +0.104%

Together, before fees+0.748%+$75 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Orderly is 0.097% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USELESS_USDT	0.2630	0.0216	pay 0.0108% / 4h	3h 52m	$6.5M	$8.6M	50x
Short	Orderly PERP_USELESS_USDC	0.2636	0.1310	get 0.0655% / 4h	3h 52m	$19K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now +0.201%Rate

Funding earned: $229.75
Price spread: +0.201% → +0.104%: $9.73
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: $218.48
Costs to cover: 0.210%
Break-even: 0.3 days

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	8.75 bp	61.4 bp −$61	doesn't fit	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	0.2631	+0.011%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2630	−0.030%	$28K	$47K	3x	as long as short
Bybit USELESSUSDT	+0.0100%	4h	0.2631	+0.038%	$24.9M	$48.4M	13x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2635	+0.194%	$27K	$229K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2636	+0.205%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2631	+0.011%	$18K	$522K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2630	−0.019%	$598K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0168%	4h	0.2631	+0.042%	$8.9M	$64.0M	10x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	0.2631	+0.030%	$9K	—	3x	as long as short
Gate USELESS_USDTlong	+0.0216%	4h	0.2630	long leg	$6.5M	$8.6M	50x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0218%	4h	0.2631	+0.027%	$4.8M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0236%	4h	0.2631	+0.038%	$5.0M	$10.4M	20x	as long as short
edgeX USELESSUSDC	+0.0358%	4h	0.2625	−0.204%	$20K	$196K	10x	as long as short
Extended USELESS-USD	+0.0368%	1h	0.2632	+0.071%	$114K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0368%	4h	0.2633	+0.103%	$10.6M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0369%	4h	0.2633	+0.095%	$21.9M	$121.8M	50x	as long as short
BingX USELESS-USDT	+0.0390%	4h	0.2634	+0.141%	—	$5.2M	—	as long as short
Aster USELESSUSDT	+0.0419%	4h	0.2632	+0.063%	$522K	$2.4M	10x	as long as short
BloFin USELESS-USDT	+0.0532%	4h	0.2632	+0.076%	$1.1M	$1.9M	12x	as long as short
Variational Omni USELESS	+0.0591%	4h	0.2626	−0.152%	$1.0M	$1.8M	—	as long as short
Hyperliquid USELESS	+0.0597%	1h	0.2634	+0.141%	$11.5M	$22.5M	3x	as long as short
ApeX Omni USELESSUSDT	+0.0694%	1h	0.2623	−0.278%	$36K	$695K	25x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1310%	4h	0.2636	+0.201%	$19K	$1.2M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2780	+5.691%	$5K	$11K	5.5x	as long as short