Funding you earn now, next payment 01:00 UTC−0.1078%/8h= −118.0% APRpaid last 24h −0.241%
Price spread now: Aevo against Orderly−0.296%59s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Aevo is 0.296% cheaper against Orderly than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_USELESS_USDC | 0.2846 | 0.1278 | pay 0.0639% / 4h | 3h 36m | $22K | $1.4M | 10x |
| Short | Aevo USELESS-PERP | 0.2838 | 0.0200 | get 0.0025% / 1h | 36m 27s | $10K | — | 3x |
Orderly PERP_USELESS_USDC
Aevo USELESS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Orderly. 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
- −$226.34
- Price spread: −0.296% → 0.000%
- −$29.62
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$277.96
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Aevo: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aevo no order-book sample | — | — | — | — | — |
Orderly and Aevo: 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 | 0.2843 | −0.098% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2841 | −0.162% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2843 | −0.119% | $10.0M | $66.7M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2842 | −0.148% | $47K | $170K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2838 | −0.267% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2842 | −0.155% | $19K | $506K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2835 | −0.394% | $595K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0196% | 4h | 0.2842 | −0.126% | $5.2M | $10.1M | 12x | as long as short |
| Aevo USELESS-PERPshort | +0.0200% | 1h | 0.2838 | −0.296% | $10K | — | 3x | |
| Bitget USELESSUSDT | +0.0430% | 4h | 0.2844 | −0.063% | $5.4M | $9.6M | 20x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0461% | 4h | 0.2833 | −0.456% | $21K | $193K | 10x | as long as short |
| Binance USELESSUSDT | +0.0471% | 4h | 0.2845 | −0.026% | $23.9M | $116.1M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0476% | 4h | 0.2844 | −0.060% | $10.7M | $5.9M | 50x | as long as short |
| Extended USELESS-USD | +0.0480% | 1h | 0.2845 | −0.031% | $300K | $1.2M | 5x | as long as short |
| ApeX Omni USELESSUSDT | +0.0743% | 1h | 0.2832 | −0.492% | $39K | $703K | 25x | as long as short |
| Aster USELESSUSDT | +0.1042% | 4h | 0.2841 | −0.176% | $652K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1069% | 4h | 0.2825 | −0.730% | $1.2M | $1.7M | — | as long as short |
| Hyperliquid USELESS | +0.1167% | 1h | 0.2848 | +0.070% | $14.3M | $21.0M | 3x | as long as short |
| Bybit USELESSUSDT | +0.1200% | 4h | 0.2844 | −0.053% | $27.9M | $45.9M | 13x | as long as short |
| Orderly PERP_USELESS_USDClong | +0.1278% | 4h | 0.2846 | long leg | $22K | $1.4M | 10x | |
| BingX USELESS-USDT | +0.1280% | 4h | 0.2845 | −0.049% | — | $5.0M | — | as long as short |
| Gate USELESS_USDT | +0.1286% | 4h | 0.2837 | −0.313% | $7.1M | $8.3M | 50x | as long as short |
| BloFin USELESS-USDT | +0.1970% | 4h | 0.2837 | −0.327% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3006 | +5.608% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
Binance USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
ApeX Omni USELESSUSDT
Aster USELESSUSDT
Variational Omni USELESS
Hyperliquid USELESS
Bybit USELESSUSDT
BingX USELESS-USDT
Gate USELESS_USDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP