USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1061%/8h= +116.1% APRnext payment +$5.30 per $10,000 · paid last 24h +0.197%

Price spread now: Orderly against Bitget+0.015%7-day average +0.018% · you sell dearer than you buy

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

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.816%+$82 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.015%, 7d avg +0.018%

Together, before fees+0.860%+$86 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: +$32 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USELESSUSDT	0.2620	0.0244	pay 0.0122% / 4h	3h 57m	$5.0M	$10.4M	20x
Short	Orderly PERP_USELESS_USDC	0.2620	0.1305	get 0.0652% / 4h	3h 57m	$19K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. 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 BitgetbpFee OrderlybpOrdersPrice spread, now +0.015%Rate

Funding earned: $222.75
Price spread: +0.015% → +0.018%: −$0.22
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $204.52
Costs to cover: 0.180%
Break-even: 0.6 days

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	3.06 bp	31.7 bp −$32	110.0 bp −$1,100	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	0.2620	+0.008%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2622	+0.076%	$28K	$47K	3x	as long as short
Bybit USELESSUSDT	+0.0100%	4h	0.2621	+0.046%	$24.8M	$48.5M	13x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2626	+0.225%	$28K	$228K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2619	−0.057%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2616	−0.164%	$18K	$523K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2619	−0.053%	$593K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0158%	4h	0.2622	+0.061%	$8.9M	$63.8M	10x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	0.2618	−0.072%	$9K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0228%	4h	0.2622	+0.073%	$4.8M	$10.7M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDTlong	+0.0244%	4h	0.2620	long leg	$5.0M	$10.4M	20x
Hyperliquid USELESS	+0.0273%	1h	0.2623	+0.115%	$11.5M	$22.7M	3x	as long as short
edgeX USELESSUSDC	+0.0371%	4h	0.2619	−0.021%	$19K	$197K	10x	as long as short
Binance USELESSUSDT	+0.0375%	4h	0.2620	+0.002%	$21.8M	$121.8M	50x	as long as short
Gate USELESS_USDT	+0.0382%	4h	0.2619	−0.057%	$6.5M	$8.5M	50x	as long as short
Extended USELESS-USD	+0.0384%	1h	0.2619	−0.022%	$113K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0384%	4h	0.2621	+0.050%	$10.6M	$6.0M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0397%	1h	0.2620	0.000%	$33K	$693K	25x	as long as short
Aster USELESSUSDT	+0.0446%	4h	0.2621	+0.024%	$521K	$2.4M	10x	as long as short
BingX USELESS-USDT	+0.0480%	4h	0.2621	+0.046%	—	$5.2M	—	as long as short
Variational Omni USELESS	+0.0616%	4h	0.2615	−0.206%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0773%	4h	0.2620	+0.004%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1305%	4h	0.2620	+0.015%	$19K	$1.2M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2775	+5.901%	$5K	$11K	5.5x	as long as short