USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1203%/8h= −131.7% APRnext payment −$6.01 per $10,000 · paid last 24h −0.294%

Price spread now: HTX against Orderly−0.348%7-day average −0.103% · you buy dearer than you sell

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

Long on Orderly Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.000%−$100 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.348%, 7d avg −0.103%

Together, before fees−1.001%−$100 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and HTX is 0.246% cheaper against Orderly than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.103%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_USELESS_USDC	0.2640	0.1303	pay 0.0651% / 4h	3h 44m	$20K	$1.2M	10x
Short	HTX USELESS-USDT	0.2631	0.0100	get 0.0050% / 4h	3h 44m	$18K	$521K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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 OrderlybpFee HTXbpOrdersPrice spread, now −0.348%Rate

Funding earned: −$252.54
Price spread: −0.348% → −0.103%: −$24.57
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$295.11
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 9 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 HTX live order book, 9 min ago	30.22 bp	doesn't fit	doesn't fit	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	0.2636	−0.155%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2636	−0.170%	$28K	$48K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2636	−0.155%	$26K	$230K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2636	−0.155%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2631	−0.348%	$18K	$521K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2639	−0.042%	$606K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0168%	1h	0.2639	−0.038%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0185%	4h	0.2636	−0.178%	$8.9M	$64.0M	10x	as long as short
KuCoin USELESSUSDTM	+0.0218%	4h	0.2636	−0.151%	$4.8M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0222%	4h	0.2637	−0.129%	$5.0M	$10.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0352%	4h	0.2633	−0.262%	$20K	$197K	10x	as long as short
MEXC USELESS_USDT	+0.0354%	4h	0.2638	−0.091%	$10.6M	$6.0M	50x	as long as short
Aster USELESSUSDT	+0.0355%	4h	0.2634	−0.230%	$521K	$2.4M	10x	as long as short
Binance USELESSUSDT	+0.0359%	4h	0.2638	−0.076%	$21.9M	$121.5M	50x	as long as short
Extended USELESS-USD	+0.0360%	1h	0.2637	−0.143%	$112K	$1.1M	5x	as long as short
BingX USELESS-USDT	+0.0366%	4h	0.2638	−0.076%	—	$5.2M	—	as long as short
ApeX Omni USELESSUSDT	+0.0432%	1h	0.2629	−0.432%	$36K	$696K	25x	as long as short
Hyperliquid USELESS	+0.0474%	1h	0.2639	−0.061%	$11.6M	$22.6M	3x	as long as short
Gate USELESS_USDT	+0.0558%	4h	0.2634	−0.258%	$6.5M	$8.6M	50x	as long as short
Variational Omni USELESS	+0.0601%	4h	0.2636	−0.173%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0646%	4h	0.2638	−0.091%	$1.1M	$1.9M	12x	as long as short
Bybit USELESSUSDT	+0.1146%	4h	0.2638	−0.098%	$25.0M	$48.4M	13x	as long as short
Orderly PERP_USELESS_USDClong	+0.1303%	4h	0.2640	long leg	$20K	$1.2M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2789	+5.647%	$5K	$11K	5.5x	as long as short