Funding you earn now, next payment 06:00 UTC−0.0964%/8h= −105.6% APRpaid last 24h −0.181%
Price spread now: Extended against Orderly−0.249%7-day average −0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.744%−$74 on $10k
+Price spread, last 4 days (all we have)+0.354%+$35 · spread now −0.249%, 7d avg −0.004%
=Together, before fees−0.391%+ Points / potential airdropExtended: Active · farm board−$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Extended is 0.245% cheaper against Orderly than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_USELESS_USDC | 0.2694 | 0.1196 | pay 0.0598% / 4h | 2h 34m | $21K | $1.2M | 10x |
| Short | Extended USELESS-USD | 0.2687 | 0.0232 | get 0.0029% / 1h | 34m 55s | $114K | $1.1M | 5x |
Orderly PERP_USELESS_USDC
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$202.52
- Price spread: −0.249% → −0.004%
- −$24.5
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$238.02
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 3 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 Extended live order book, 3 min ago | 7.17 bp | 43.8 bp −$44 | 348.0 bp −$3,480 | 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 | 0.2694 | −0.004% | $1.2M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2693 | −0.030% | $11.6M | $22.9M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2688 | −0.206% | $527K | $2.2M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2687 | −0.245% | $28K | $18K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2689 | −0.167% | $26K | $247K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2689 | −0.178% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2691 | −0.097% | $18K | $519K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2695 | +0.048% | $641K | $1.1M | 20x | as long as short |
| Bitget USELESSUSDT | +0.0114% | 4h | 0.2689 | −0.182% | $5.2M | $10.4M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0136% | 4h | 0.2689 | −0.174% | $4.9M | $10.6M | 12x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Aster USELESSUSDT
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Bitget USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0136% | 1h | 0.2696 | +0.063% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0157% | 4h | 0.2683 | −0.405% | $9.2M | $65.5M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0195% | 4h | 0.2680 | −0.508% | $20K | $196K | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0198% | 1h | 0.2681 | −0.479% | $47K | $698K | 25x | as long as short |
| MEXC USELESS_USDT | +0.0224% | 4h | 0.2688 | −0.219% | $10.9M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0232% | 4h | 0.2682 | −0.427% | $22.4M | $122.1M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0232% | 1h | 0.2687 | −0.249% | $114K | $1.1M | 5x | |
| BingX USELESS-USDT | +0.0346% | 4h | 0.2684 | −0.371% | — | $5.3M | — | as long as short |
| Bybit USELESSUSDT | +0.0411% | 4h | 0.2683 | −0.408% | $25.3M | $48.5M | 13x | as long as short |
| Variational Omni USELESS | +0.0516% | 4h | 0.2686 | −0.294% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0651% | 4h | 0.2692 | −0.052% | $1.1M | $2.0M | 12x | as long as short |
| Gate USELESS_USDT | +0.0882% | 4h | 0.2675 | −0.694% | $6.7M | $8.6M | 50x | as long as short |
| Orderly PERP_USELESS_USDClong | +0.1196% | 4h | 0.2694 | long leg | $21K | $1.2M | 10x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2826 | +4.911% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
edgeX USELESSUSDC
ApeX Omni USELESSUSDT
MEXC USELESS_USDT
Binance USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Gate USELESS_USDT
Injective USELESS/USDC PERP