USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.75 per $10,000 · paid last 24h −0.038%

Price spread now: Aster against Orderly0.000%7-day average −0.023% · you sell dearer than you buy

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

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.223%−$22 on $10k

Price spread, last 3 days (all we have)−0.077%−$8 · spread now 0.000%, 7d avg −0.023%

Together, before fees−0.300%+ Points / potential airdropAster: Stage 5 · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.023% dearer against Orderly than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.023%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_USELESS_USDC	0.2900	0.1252	pay 0.0626% / 4h	3h 08m	$22K	$1.4M	10x
Short	Aster USELESSUSDT	0.2900	0.1102	get 0.0551% / 4h	3h 08m	$668K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$31.52
Price spread: 0.000% → −0.023%: $2.28
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$43.23
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 5 min ago. 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 Aster live order book, 5 min ago	6.87 bp	22.9 bp −$23	130.2 bp −$1,302	doesn't fit	doesn't fit

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	0.2895	−0.162%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2896	−0.124%	$32K	$69K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2893	−0.228%	$10.2M	$68.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2902	+0.052%	$49K	$176K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2900	+0.014%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2901	+0.045%	$19K	$512K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2897	−0.090%	$612K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0140%	4h	0.2897	−0.114%	$5.3M	$10.2M	12x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2901	+0.021%	$10K	—	3x	as long as short
Gate USELESS_USDT	+0.0440%	4h	0.2898	−0.076%	$7.3M	$8.5M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0441%	1h	0.2909	+0.310%	$40K	$699K	25x	as long as short
edgeX USELESSUSDC	+0.0486%	4h	0.2910	+0.355%	$22K	$193K	10x	as long as short
Binance USELESSUSDT	+0.0506%	4h	0.2895	−0.185%	$24.5M	$116.9M	50x	as long as short
MEXC USELESS_USDT	+0.0510%	4h	0.2895	−0.155%	$11.2M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2899	−0.034%	$307K	$1.2M	5x	as long as short
Bitget USELESSUSDT	+0.0580%	4h	0.2894	−0.217%	$5.6M	$9.7M	20x	as long as short
BingX USELESS-USDT	+0.0762%	4h	0.2897	−0.107%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0795%	4h	0.2896	−0.148%	$28.4M	$46.5M	13x	as long as short
Variational Omni USELESS	+0.0994%	4h	0.2915	+0.527%	$1.2M	$1.7M	—	as long as short
BloFin USELESS-USDT	+0.1053%	4h	0.2898	−0.055%	$1.2M	$2.1M	12x	as long as short
Aster USELESSUSDTshort	+0.1102%	4h	0.2900	0.000%	$668K	$2.3M	10x
Hyperliquid USELESS	+0.1116%	1h	0.2899	−0.031%	$14.6M	$20.9M	3x	as long as short
Orderly PERP_USELESS_USDClong	+0.1252%	4h	0.2900	long leg	$22K	$1.4M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.3093	+6.652%	$5K	$9K	5.5x	as long as short