USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0756%/8h= +82.8% APRnext payment +$3.78 per $10,000 · paid last 24h +0.158%

Price spread now: Orderly against Binance+0.040%7-day average −0.010% · you sell dearer than you buy

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.720%+$72 on $10k

Price spread, last 4 days (all we have)−0.579%−$58 · spread now +0.040%, 7d avg −0.010%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Orderly is 0.050% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2754	0.0600	pay 0.0300% / 4h	1h 31m	$23.3M	$117.9M	50x
Short	Orderly PERP_USELESS_USDC	0.2755	0.1357	get 0.0678% / 4h	1h 31m	$21K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now +0.040%Rate

Funding earned: $158.81
Price spread: +0.040% → −0.010%: $5.03
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $147.84
Costs to cover: 0.160%
Break-even: 0.5 days

Slippage unknown: Binance: live order book, 12 min ago; Orderly: 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 Binance live order book, 12 min ago	1.27 bp	15.7 bp −$16	52.6 bp −$526	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	0.2756	+0.073%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2757	+0.134%	$31K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2751	−0.094%	$6.9M	$8.5M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2746	−0.276%	$38K	$693K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2755	+0.058%	$34K	$211K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2756	+0.094%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2760	+0.247%	$18K	$508K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2753	−0.004%	$607K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0155%	4h	0.2752	−0.054%	$9.7M	$64.6M	10x	as long as short
KuCoin USELESSUSDTM	+0.0224%	4h	0.2756	+0.091%	$5.1M	$10.4M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0232%	1h	0.2756	+0.080%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0518%	4h	0.2757	+0.138%	$5.3M	$9.9M	20x	as long as short
edgeX USELESSUSDC	+0.0566%	4h	0.2760	+0.243%	$21K	$196K	10x	as long as short
Extended USELESS-USD	+0.0600%	1h	0.2756	+0.102%	$291K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0600%	4h	0.2755	+0.062%	$10.8M	$6.0M	50x	as long as short
Binance USELESSUSDTlong	+0.0600%	4h	0.2754	long leg	$23.3M	$117.9M	50x
Hyperliquid USELESS	+0.0670%	1h	0.2757	+0.113%	$13.5M	$20.9M	3x	as long as short
BingX USELESS-USDT	+0.0818%	4h	0.2753	−0.022%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0902%	4h	0.2751	−0.084%	$26.6M	$46.4M	13x	as long as short
Variational Omni USELESS	+0.0928%	4h	0.2748	−0.214%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1051%	4h	0.2759	+0.209%	$582K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1120%	4h	0.2764	+0.396%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1357%	4h	0.2755	+0.040%	$21K	$1.3M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2915	+5.847%	$5K	$9K	5.5x	as long as short