USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0321%/8h= +35.2% APRnext payment +$1.61 per $10,000 · paid last 24h +0.276%

Price spread now: Orderly against Gate+0.172%7-day average +0.100% · you sell dearer than you buy

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

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.929%+$93 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.172%, 7d avg +0.100%

Together, before fees+0.837%+$84 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Orderly is 0.072% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USELESS_USDT	0.2911	0.0650	pay 0.0325% / 4h	3h 57m	$7.3M	$8.6M	50x
Short	Orderly PERP_USELESS_USDC	0.2916	0.0971	get 0.0486% / 4h	3h 57m	$21K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now +0.172%Rate

Funding earned: $67.49
Price spread: +0.172% → +0.100%: $7.19
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: $53.68
Costs to cover: 0.210%
Break-even: 1.4 days

Slippage unknown: Gate: 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 Gate live order book, 1 min ago	5.14 bp	37.2 bp −$37	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	0.2915	+0.141%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2916	+0.198%	$31K	$19K	3x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2912	+0.055%	$5.3M	$10.8M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2913	+0.076%	$5.6M	$11.0M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2911	+0.021%	$28K	$284K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2918	+0.247%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2924	+0.453%	$19K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2914	+0.131%	$667K	$1.3M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0125%	4h	0.2915	+0.144%	$10.2M	$74.2M	10x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	0.2922	+0.374%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster USELESSUSDT	+0.0332%	4h	0.2914	+0.102%	$573K	$2.2M	10x	as long as short
MEXC USELESS_USDT	+0.0372%	4h	0.2916	+0.196%	$13.2M	$6.3M	50x	as long as short
edgeX USELESSUSDC	+0.0373%	4h	0.2906	−0.145%	$22K	$198K	10x	as long as short
Extended USELESS-USD	+0.0384%	1h	0.2915	+0.143%	$279K	$1.7M	5x	as long as short
Binance USELESSUSDT	+0.0387%	4h	0.2916	+0.184%	$24.3M	$127.8M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0464%	1h	0.2903	−0.265%	$53K	$700K	25x	as long as short
Gate USELESS_USDTlong	+0.0650%	4h	0.2911	long leg	$7.3M	$8.6M	50x
BingX USELESS-USDT	+0.0658%	4h	0.2917	+0.210%	—	$5.4M	—	as long as short
Variational Omni USELESS	+0.0743%	4h	0.2901	−0.342%	$1.2M	$1.9M	—	as long as short
Orderly PERP_USELESS_USDCshort	+0.0971%	4h	0.2916	+0.172%	$21K	$1.8M	10x
Hyperliquid USELESS	+0.1045%	1h	0.2919	+0.285%	$12.8M	$23.7M	3x	as long as short
BloFin USELESS-USDT	+0.1096%	4h	0.2916	+0.182%	$1.2M	$2.2M	12x	as long as short
Bybit USELESSUSDT	+0.1793%	4h	0.2915	+0.144%	$28.1M	$51.0M	13x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3062	+5.195%	$5K	$10K	5.5x	as long as short