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: MEXC against Orderly+0.029%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 Orderly Short on MEXC

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)+0.056%+$6 · spread now +0.029%, 7d avg +0.040%

Together, before fees−0.624%−$62 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$24 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	0.2740	0.1281	pay 0.0641% / 4h	1h 14m	$21K	$1.4M	10x
Short	MEXC USELESS_USDT	0.2740	0.0482	get 0.0241% / 4h	1h 14m	$9.9M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$167.83
Price spread: +0.029% → +0.040%: −$1.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$182.9
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.83 bp	11.1 bp −$11	45.9 bp −$459	168.4 bp −$16.8K	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	0.2739	−0.033%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2732	−0.277%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2734	−0.215%	$9.6M	$63.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2738	−0.069%	$26K	$147K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2740	+0.029%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2732	−0.285%	$18K	$489K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2721	−0.690%	$558K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2737	−0.098%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0228%	1h	0.2725	−0.533%	$38K	$699K	25x	as long as short
KuCoin USELESSUSDTM	+0.0332%	4h	0.2733	−0.223%	$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	−0.248%	$6.9M	$8.1M	50x	as long as short
edgeX USELESSUSDC	+0.0463%	4h	0.2727	−0.453%	$20K	$192K	10x	as long as short
Bitget USELESSUSDT	+0.0476%	4h	0.2736	−0.139%	$5.2M	$9.1M	20x	as long as short
Binance USELESSUSDT	+0.0477%	4h	0.2740	+0.018%	$23.2M	$114.1M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2735	−0.166%	$288K	$966K	5x	as long as short
MEXC USELESS_USDTshort	+0.0482%	4h	0.2740	+0.029%	$9.9M	$5.9M	50x
Hyperliquid USELESS	+0.0838%	1h	0.2741	+0.062%	$13.4M	$20.6M	3x	as long as short
Aster USELESSUSDT	+0.1104%	4h	0.2737	−0.101%	$641K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDClong	+0.1281%	4h	0.2740	long leg	$21K	$1.4M	10x
BingX USELESS-USDT	+0.1320%	4h	0.2740	+0.026%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1364%	4h	0.2736	−0.142%	$27.4M	$44.7M	13x	as long as short
Variational Omni USELESS	+0.1492%	4h	0.2726	−0.514%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1769%	4h	0.2732	−0.296%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2894	+5.650%	$5K	$9K	5.5x	as long as short