Funding you earn now, next payment 04:00 UTC−0.0345%/8h= −37.7% APRnext payment −$1.72 per $10,000 · paid last 24h +0.054%
Price spread now: Orderly against BloFin−0.207%7-day average −0.049% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 3 days (all we have)+0.327%+$33 · spread now −0.207%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Orderly is 0.159% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.049%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.129%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.72 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin USELESS-USDT | 0.2799 | 0.1661 | pay 0.0831% / 4h | 3h 55m | $1.2M | $2.0M | 12x |
| Short | Orderly PERP_USELESS_USDC | 0.2793 | 0.1316 | get 0.0658% / 4h | 3h 55m | $22K | $1.4M | 10x |
BloFin USELESS-USDT
Orderly PERP_USELESS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against BloFin. 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
- −$72.36
- Price spread: −0.207% → −0.049%
- −$15.87
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$106.23
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago | 0.36 bp | 15.0 bp −$15 | doesn't fit | 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 | 0.2794 | −0.186% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2797 | −0.077% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2800 | +0.032% | $9.8M | $66.0M | 10x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2797 | −0.054% | $7.0M | $8.2M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2805 | +0.222% | $39K | $703K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2792 | −0.239% | $42K | $166K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2795 | −0.150% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2784 | −0.511% | $18K | $502K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2792 | −0.257% | $585K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0154% | 4h | 0.2789 | −0.364% | $5.1M | $10.0M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Gate USELESS_USDT
ApeX Omni 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 | +0.0200% | 1h | 0.2811 | +0.426% | $10K | — | 3x | as long as short |
| Bitget USELESSUSDT | +0.0292% | 4h | 0.2800 | +0.043% | $5.3M | $9.4M | 20x | as long as short |
| Bybit USELESSUSDT | +0.0367% | 4h | 0.2798 | −0.011% | $27.4M | $45.8M | 13x | as long as short |
| edgeX USELESSUSDC | +0.0463% | 4h | 0.2807 | +0.279% | $21K | $192K | 10x | as long as short |
| Binance USELESSUSDT | +0.0478% | 4h | 0.2798 | −0.011% | $23.6M | $116.1M | 50x | as long as short |
| Extended USELESS-USD | +0.0480% | 1h | 0.2791 | −0.285% | $293K | $834K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0480% | 4h | 0.2797 | −0.079% | $10.4M | $5.9M | 50x | as long as short |
| Variational Omni USELESS | +0.1018% | 4h | 0.2808 | +0.346% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1033% | 4h | 0.2790 | −0.316% | $641K | $2.3M | 10x | as long as short |
| Orderly PERP_USELESS_USDCshort | +0.1316% | 4h | 0.2793 | −0.207% | $22K | $1.4M | 10x | |
| Hyperliquid USELESS | +0.1362% | 1h | 0.2804 | +0.200% | $14.0M | $21.1M | 3x | as long as short |
| BloFin USELESS-USDTlong | +0.1661% | 4h | 0.2799 | long leg | $1.2M | $2.0M | 12x | |
| BingX USELESS-USDT | +0.3242% | 4h | 0.2801 | +0.089% | — | $5.0M | — | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2972 | +6.188% | $5K | $9K | 5.5x | as long as short |
Aevo USELESS-PERP
Bitget USELESSUSDT
Bybit USELESSUSDT
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Variational Omni USELESS
Aster USELESSUSDT
Hyperliquid USELESS
BingX USELESS-USDT
Injective USELESS/USDC PERP