USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0805%/8h= +88.1% APRnext payment +$4.02 per $10,000 · paid last 24h +0.151%

Price spread now: Orderly against BingX+0.249%7-day average −0.012% · you sell dearer than you buy

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

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.682%+$68 on $10k

Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.249%, 7d avg −0.012%

Together, before fees+0.394%+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Orderly is 0.261% dearer against BingX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX USELESS-USDT	0.2767	0.0348	pay 0.0174% / 4h	2h 15m	—	$5.3M	—
Short	Orderly PERP_USELESS_USDC	0.2774	0.1153	get 0.0576% / 4h	2h 15m	$21K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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 BingXbpFee OrderlybpOrdersPrice spread, now +0.249%Rate

Funding earned: $169.02
Price spread: +0.249% → −0.012%: $26.15
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $179.17
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: BingX: live order book, 5 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 BingX live order book, 5 min ago	4.87 bp	21.4 bp −$21	85.3 bp −$853	447.9 bp −$44.8K	1031.9 bp −$516.0K
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	0.2770	+0.098%	$1.3M	$1.2M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2762	−0.168%	$541K	$2.1M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2772	+0.175%	$29K	$19K	3x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2762	−0.159%	$5.3M	$10.4M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2773	+0.220%	$27K	$253K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2769	+0.069%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2751	−0.578%	$19K	$518K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2771	+0.152%	$653K	$1.1M	20x	as long as short
Hyperliquid USELESS	+0.0101%	1h	0.2774	+0.269%	$12.1M	$23.3M	3x	as long as short
KuCoin USELESSUSDTM	+0.0130%	4h	0.2769	+0.061%	$5.1M	$10.6M	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	+0.0144%	1h	0.2772	+0.189%	$10K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0165%	4h	0.2764	−0.094%	$9.5M	$67.9M	10x	as long as short
edgeX USELESSUSDC	+0.0228%	4h	0.2762	−0.179%	$21K	$197K	10x	as long as short
Extended USELESS-USD	+0.0232%	1h	0.2769	+0.079%	$138K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0234%	4h	0.2774	+0.267%	$11.3M	$6.1M	50x	as long as short
Binance USELESSUSDT	+0.0246%	4h	0.2767	+0.018%	$23.0M	$123.0M	50x	as long as short
BingX USELESS-USDTlong	+0.0348%	4h	0.2767	long leg	—	$5.3M	—
Bybit USELESSUSDT	+0.0387%	4h	0.2764	−0.101%	$26.0M	$48.7M	13x	as long as short
Variational Omni USELESS	+0.0473%	4h	0.2771	+0.137%	$1.0M	$1.8M	—	as long as short
ApeX Omni USELESSUSDT	+0.0565%	1h	0.2758	−0.322%	$49K	$699K	25x	as long as short
BloFin USELESS-USDT	+0.0587%	4h	0.2759	−0.282%	$1.1M	$2.1M	12x	as long as short
Gate USELESS_USDT	+0.0664%	4h	0.2767	+0.022%	$6.9M	$8.6M	50x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1153%	4h	0.2774	+0.249%	$21K	$1.3M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2826	+2.143%	$5K	$11K	5.5x	as long as short