Funding you earn now, next payment 00:00 UTC−0.0888%/8h= −97.3% APRnext payment −$4.44 per $10,000 · paid last 24h −0.248%
Price spread now: Gate against Orderly−0.113%7-day average −0.095% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.831%−$83 on $10k
+Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.113%, 7d avg −0.095%
=The price spread sits at its 7-day average of −0.095%, so right now this pair is about funding alone: −$27 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_USELESS_USDC | 0.2823 | 0.1328 | pay 0.0664% / 4h | 51m 55s | $22K | $1.4M | 10x |
| Short | Gate USELESS_USDT | 0.2820 | 0.0440 | get 0.0220% / 4h | 51m 55s | $7.0M | $8.2M | 50x |
Orderly PERP_USELESS_USDC
Gate USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Orderly. 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
- −$186.51
- Price spread: −0.113% → −0.095%
- −$1.84
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$209.35
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago | 6.74 bp | 75.5 bp −$76 | 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 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 | 0.2820 | −0.113% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2818 | −0.194% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2823 | −0.007% | $9.8M | $66.1M | 10x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2823 | −0.004% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2816 | −0.251% | $19K | $493K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2807 | −0.592% | $564K | $1.2M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0137% | 1h | 0.2820 | −0.120% | $30K | $153K | 3x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2823 | −0.012% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0324% | 4h | 0.2819 | −0.135% | $5.2M | $9.9M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0430% | 4h | 0.2828 | +0.149% | $5.4M | $9.3M | 20x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Polymarket Perps USELESS-USD
Aevo USELESS-PERP
KuCoin USELESSUSDTM
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDTshort | +0.0440% | 4h | 0.2820 | −0.113% | $7.0M | $8.2M | 50x | |
| edgeX USELESSUSDC | +0.0517% | 4h | 0.2810 | −0.459% | $21K | $191K | 10x | as long as short |
| Binance USELESSUSDT | +0.0534% | 4h | 0.2824 | +0.025% | $23.8M | $115.4M | 50x | as long as short |
| Extended USELESS-USD | +0.0536% | 1h | 0.2827 | +0.120% | $297K | $966K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0540% | 4h | 0.2827 | +0.138% | $10.3M | $5.9M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0582% | 1h | 0.2789 | −1.215% | $39K | $701K | 25x | as long as short |
| Aster USELESSUSDT | +0.1160% | 4h | 0.2821 | −0.078% | $649K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1162% | 4h | 0.2824 | +0.021% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1209% | 4h | 0.2821 | −0.071% | $28.0M | $45.4M | 13x | as long as short |
| Orderly PERP_USELESS_USDClong | +0.1328% | 4h | 0.2823 | long leg | $22K | $1.4M | 10x | |
| Variational Omni USELESS | +0.1387% | 4h | 0.2793 | −1.060% | $1.2M | $1.7M | — | as long as short |
| Hyperliquid USELESS | +0.1456% | 1h | 0.2824 | +0.032% | $14.0M | $20.9M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1588% | 4h | 0.2819 | −0.145% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2991 | +5.936% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
ApeX Omni USELESSUSDT
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP