Funding you earn now, next payment 05:00 UTC+0.0936%/8h= +102.5% APRpaid last 24h +0.179%
Price spread now: Orderly against Extended−0.013%7-day average +0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.746%+$75 on $10k
+Price spread, last 4 days (all we have)−0.146%−$15 · spread now −0.013%, 7d avg +0.008%
=Together, before fees+0.600%+ Points / potential airdropExtended: Active · farm board+$60 on $10k · with fees, hour by hour
Funding pays, the price is against you. Orderly is 0.020% cheaper against Extended than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.008%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.746% in total) that is about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended USELESS-USD | 0.2624 | 0.0360 | pay 0.0045% / 1h | 49m 22s | $112K | $1.1M | 5x |
| Short | Orderly PERP_USELESS_USDC | 0.2623 | 0.1296 | get 0.0648% / 4h | 3h 49m | $19K | $1.2M | 10x |
Extended USELESS-USD
Orderly PERP_USELESS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- $196.66
- Price spread: −0.013% → +0.008%
- −$2.05
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $183.61
- Costs to cover
- 0.110%
- Break-even
- 0.5 days
Slippage unknown: Extended: live order book, 4 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 Extended live order book, 4 min ago | 8.19 bp | 28.7 bp −$29 | 316.0 bp −$3,160 | 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 | 0.2622 | −0.082% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2623 | −0.030% | $28K | $48K | 3x | as long as short |
| Bybit USELESSUSDT | +0.0100% | 4h | 0.2622 | −0.066% | $24.8M | $48.4M | 13x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2618 | −0.234% | $6.5M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2623 | −0.017% | $26K | $229K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2623 | −0.043% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2626 | +0.101% | $18K | $522K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2626 | +0.090% | $600K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0162% | 4h | 0.2622 | −0.074% | $8.9M | $63.6M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0168% | 1h | 0.2622 | −0.079% | $9K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Bybit USELESSUSDT
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0202% | 4h | 0.2621 | −0.120% | $4.8M | $10.7M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0222% | 4h | 0.2621 | −0.112% | $5.0M | $10.3M | 20x | as long as short |
| MEXC USELESS_USDT | +0.0358% | 4h | 0.2622 | −0.074% | $10.6M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0359% | 4h | 0.2622 | −0.050% | $21.8M | $121.6M | 50x | as long as short |
| Extended USELESS-USDlong | +0.0360% | 1h | 0.2624 | long leg | $112K | $1.1M | 5x | |
| edgeX USELESSUSDC | +0.0369% | 4h | 0.2634 | +0.377% | $20K | $196K | 10x | as long as short |
| BingX USELESS-USDT | +0.0370% | 4h | 0.2622 | −0.051% | — | $5.3M | — | as long as short |
| Aster USELESSUSDT | +0.0377% | 4h | 0.2620 | −0.154% | $519K | $2.4M | 10x | as long as short |
| BloFin USELESS-USDT | +0.0447% | 4h | 0.2630 | +0.223% | $1.1M | $1.9M | 12x | as long as short |
| Hyperliquid USELESS | +0.0496% | 1h | 0.2622 | −0.047% | $11.5M | $22.6M | 3x | as long as short |
| Variational Omni USELESS | +0.0559% | 4h | 0.2630 | +0.238% | $1.0M | $1.8M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.0666% | 1h | 0.2634 | +0.391% | $36K | $695K | 25x | as long as short |
| Orderly PERP_USELESS_USDCshort | +0.1296% | 4h | 0.2623 | −0.013% | $19K | $1.2M | 10x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2780 | +5.956% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
MEXC USELESS_USDT
Binance USELESSUSDT
edgeX USELESSUSDC
BingX USELESS-USDT
Aster USELESSUSDT
BloFin USELESS-USDT
Hyperliquid USELESS
Variational Omni USELESS
ApeX Omni USELESSUSDT
Injective USELESS/USDC PERP