Funding you earn now, next payment 12:00 UTC−0.0864%/8h= −94.6% APRnext payment −$4.32 per $10,000 · paid last 24h −0.295%
Price spread now: OKX against Orderly−0.017%7-day average −0.025% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.998%−$100 on $10k
+Price spread, last 4 days (all we have)+0.662%+$66 · spread now −0.017%, 7d avg −0.025%
=The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: −$26 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_USELESS_USDC | 0.2996 | 0.0964 | pay 0.0482% / 4h | 3h 24m | $22K | $1.9M | 10x |
| Short | OKX USELESS-USDT-SWAP | 0.2996 | 0.0100 | get 0.0050% / 4h | 3h 24m | $10.9M | $78.9M | 10x |
Orderly PERP_USELESS_USDC
OKX USELESS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$181.49
- Price spread: −0.017% → −0.025%
- $0.8
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$196.69
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; OKX: 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 OKX live order book, 5 min ago | 2.53 bp | 17.6 bp −$18 | 75.9 bp −$759 | 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 | 0.2994 | −0.073% | $1.4M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2981 | −0.522% | $32K | $19K | 3x | as long as short |
| OKX USELESS-USDT-SWAPshort | +0.0100% | 4h | 0.2996 | −0.017% | $10.9M | $78.9M | 10x | |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2989 | −0.264% | $7.5M | $9.1M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2997 | +0.013% | $5.8M | $11.4M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2989 | −0.264% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2996 | −0.003% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2992 | −0.150% | $20K | $515K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2993 | −0.117% | $681K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0138% | 4h | 0.2994 | −0.093% | $5.5M | $11.0M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2989 | −0.249% | $11K | — | 3x | as long as short |
| Aster USELESSUSDT | +0.0335% | 4h | 0.2994 | −0.068% | $625K | $2.3M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0516% | 4h | 0.2981 | −0.497% | $22K | $199K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0530% | 4h | 0.2995 | −0.057% | $14.5M | $6.7M | 50x | as long as short |
| Extended USELESS-USD | +0.0536% | 1h | 0.2997 | +0.015% | $284K | $1.7M | 5x | as long as short |
| Binance USELESSUSDT | +0.0540% | 4h | 0.2998 | +0.044% | $25.7M | $134.2M | 50x | as long as short |
| Variational Omni USELESS | +0.0937% | 4h | 0.2978 | −0.628% | $1.2M | $1.9M | — | as long as short |
| Orderly PERP_USELESS_USDClong | +0.0964% | 4h | 0.2996 | long leg | $22K | $1.9M | 10x | |
| ApeX Omni USELESSUSDT | +0.1037% | 1h | 0.2979 | −0.581% | $55K | $699K | 25x | as long as short |
| Hyperliquid USELESS | +0.1137% | 1h | 0.2997 | +0.003% | $13.5M | $24.1M | 3x | as long as short |
| BingX USELESS-USDT | +0.1358% | 4h | 0.2999 | +0.083% | — | $5.6M | — | as long as short |
| Bybit USELESSUSDT | +0.1444% | 4h | 0.2998 | +0.040% | $29.7M | $53.6M | 13x | as long as short |
| BloFin USELESS-USDT | +0.1827% | 4h | 0.2986 | −0.344% | $1.3M | $2.4M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3176 | +5.984% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
Aster USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
Binance USELESSUSDT
Variational Omni USELESS
ApeX Omni USELESSUSDT
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP