USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0960%/8h= +105.1% APRnext payment +$4.80 per $10,000 · paid last 24h +0.298%

Price spread now: Orderly against HTX+0.597%7-day average +0.119% · you sell dearer than you buy

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

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+1.032%+$103 on $10k

Price spread, last 4 days (all we have)−0.366%−$37 · spread now +0.597%, 7d avg +0.119%

Together, before fees+0.666%+$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Orderly is 0.478% dearer against HTX than usual: you sell high and buy low: +$48 more if the spread goes back to its 7-day average of +0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USELESS-USDT	0.2948	0.0100	pay 0.0050% / 4h	2h 19m	$39K	$556K	20x
Short	Orderly PERP_USELESS_USDC	0.2966	0.1060	get 0.0530% / 4h	2h 19m	$24K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against HTX. 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 HTXbpFee OrderlybpOrdersPrice spread, now +0.597%Rate

Funding earned: $201.6
Price spread: +0.597% → +0.119%: $47.78
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $231.38
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: HTX: live order book, 32 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 HTX live order book, 32 min ago	54.53 bp	doesn't fit	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 exchanges

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	0.2965	+0.583%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2953	+0.149%	$31K	$18K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2965	+0.577%	$11.0M	$75.6M	10x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2960	+0.404%	$5.5M	$10.8M	12x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2953	+0.173%	$29K	$284K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2957	+0.298%	—	$1.3M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2948	long leg	$39K	$556K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2960	+0.404%	$687K	$1.3M	20x	as long as short
Bitget USELESSUSDT	+0.0180%	4h	0.2963	+0.499%	$5.8M	$11.1M	20x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2966	+0.586%	$11K	—	3x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0322%	4h	0.2960	+0.407%	$7.5M	$8.9M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0371%	1h	0.2966	+0.600%	$56K	$687K	25x	as long as short
Aster USELESSUSDT	+0.0406%	4h	0.2966	+0.587%	$643K	$2.4M	10x	as long as short
edgeX USELESSUSDC	+0.0550%	4h	0.2966	+0.586%	$22K	$201K	10x	as long as short
Extended USELESS-USD	+0.0592%	1h	0.2961	+0.444%	$281K	$1.6M	5x	as long as short
MEXC USELESS_USDT	+0.0594%	4h	0.2962	+0.461%	$15.3M	$7.1M	50x	as long as short
Binance USELESSUSDT	+0.0594%	4h	0.2966	+0.605%	$25.5M	$132.4M	50x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1060%	4h	0.2966	+0.597%	$24K	$2.0M	10x
BingX USELESS-USDT	+0.1068%	4h	0.2964	+0.533%	—	$5.7M	—	as long as short
Bybit USELESSUSDT	+0.1136%	4h	0.2964	+0.529%	$29.3M	$52.9M	13x	as long as short
Variational Omni USELESS	+0.1136%	4h	0.2968	+0.665%	$1.2M	$1.9M	—	as long as short
Hyperliquid USELESS	+0.1302%	1h	0.2966	+0.614%	$13.7M	$23.3M	3x	as long as short
BloFin USELESS-USDT	+0.1491%	4h	0.2967	+0.641%	$1.3M	$2.3M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3187	+8.110%	$5K	$10K	5.5x	as long as short