USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0799%/8h= +87.5% APRnext payment +$4.00 per $10,000 · paid last 24h +0.142%

Price spread now: Orderly against MEXC+0.113%7-day average −0.040% · you sell dearer than you buy

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

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.680%+$68 on $10k

Price spread, last 3 days (all we have)−0.199%−$20 · spread now +0.113%, 7d avg −0.040%

Together, before fees+0.481%+$48 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 0.153% dearer against MEXC than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC USELESS_USDT	0.2737	0.0482	pay 0.0241% / 4h	1h 13m	$10.0M	$5.9M	50x
Short	Orderly PERP_USELESS_USDC	0.2740	0.1281	get 0.0641% / 4h	1h 13m	$21K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against MEXC. 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 MEXCbpFee OrderlybpOrdersPrice spread, now +0.113%Rate

Funding earned: $167.83
Price spread: +0.113% → −0.040%: $15.31
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $169.14
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: MEXC: 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 MEXC live order book, 4 min ago	1.83 bp	10.7 bp −$11	56.2 bp −$562	175.5 bp −$17.6K	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	0.2739	+0.080%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2732	−0.164%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2734	−0.106%	$9.6M	$63.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2738	+0.044%	$26K	$147K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2740	+0.143%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2732	−0.172%	$18K	$489K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2721	−0.577%	$558K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2737	+0.015%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0228%	1h	0.2725	−0.420%	$38K	$699K	25x	as long as short
KuCoin USELESSUSDTM	+0.0332%	4h	0.2735	−0.058%	$5.1M	$9.9M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0352%	4h	0.2733	−0.110%	$6.9M	$8.1M	50x	as long as short
edgeX USELESSUSDC	+0.0463%	4h	0.2727	−0.341%	$20K	$192K	10x	as long as short
Bitget USELESSUSDT	+0.0476%	4h	0.2738	+0.051%	$5.2M	$9.1M	20x	as long as short
Binance USELESSUSDT	+0.0477%	4h	0.2737	+0.015%	$23.2M	$114.1M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2735	−0.053%	$288K	$966K	5x	as long as short
MEXC USELESS_USDTlong	+0.0482%	4h	0.2737	long leg	$10.0M	$5.9M	50x
Hyperliquid USELESS	+0.0837%	1h	0.2737	+0.037%	$13.3M	$20.6M	3x	as long as short
Aster USELESSUSDT	+0.1104%	4h	0.2739	+0.081%	$642K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1281%	4h	0.2740	+0.113%	$21K	$1.4M	10x
BingX USELESS-USDT	+0.1320%	4h	0.2737	+0.015%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1364%	4h	0.2736	−0.029%	$27.4M	$44.7M	13x	as long as short
Variational Omni USELESS	+0.1492%	4h	0.2726	−0.402%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1769%	4h	0.2732	−0.183%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2894	+5.770%	$5K	$9K	5.5x	as long as short