USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0692%/8h= −75.8% APRnext payment −$3.46 per $10,000 · paid last 24h −0.197%

Price spread now: Bitget against Orderly−0.050%7-day average −0.021% · you buy dearer than you sell

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.050%, 7d avg −0.021%

Together, before fees−0.794%−$79 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bitget is 0.028% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_USELESS_USDC	0.2824	0.1274	pay 0.0637% / 4h	2h 25m	$22K	$1.3M	10x
Short	Bitget USELESSUSDT	0.2823	0.0582	get 0.0291% / 4h	2h 25m	$5.4M	$9.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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 OrderlybpFee BitgetbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$145.38
Price spread: −0.050% → −0.021%: −$2.84
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$166.22
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 3 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	3.89 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit

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 23 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	0.2820	−0.131%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2818	−0.226%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2823	−0.028%	$10.0M	$66.6M	10x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2821	−0.113%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2814	−0.354%	$18K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2817	−0.262%	$606K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0116%	4h	0.2819	−0.184%	$5.2M	$10.3M	12x	as long as short
Gate USELESS_USDT	+0.0142%	4h	0.2811	−0.482%	$7.1M	$8.4M	50x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	0.2824	+0.009%	$10K	—	3x	as long as short
edgeX USELESSUSDC	+0.0533%	4h	0.2827	+0.092%	$21K	$194K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps USELESS-USD	+0.0537%	1h	0.2825	+0.042%	$30K	$199K	3x	as long as short
BingX USELESS-USDT	+0.0542%	4h	0.2824	+0.014%	—	$5.1M	—	as long as short
MEXC USELESS_USDT	+0.0556%	4h	0.2823	−0.057%	$11.0M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0557%	4h	0.2824	−0.003%	$23.9M	$117.4M	50x	as long as short
Extended USELESS-USD	+0.0560%	1h	0.2823	−0.029%	$302K	$1.2M	5x	as long as short
Bitget USELESSUSDTshort	+0.0582%	4h	0.2823	−0.050%	$5.4M	$9.9M	20x
Bybit USELESSUSDT	+0.0592%	4h	0.2822	−0.085%	$27.4M	$46.4M	13x	as long as short
ApeX Omni USELESSUSDT	+0.0703%	1h	0.2807	−0.606%	$39K	$699K	25x	as long as short
Variational Omni USELESS	+0.0829%	4h	0.2823	−0.040%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1082%	4h	0.2822	−0.071%	$648K	$2.3M	10x	as long as short
Orderly PERP_USELESS_USDClong	+0.1274%	4h	0.2824	long leg	$22K	$1.3M	10x
Hyperliquid USELESS	+0.1344%	1h	0.2828	+0.145%	$14.1M	$20.9M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2984	+5.655%	$5K	$9K	5.5x	as long as short