Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.2408+0.0993pay 0.0124% / 1h49m 12s$234K$508K10xLong Arcus5% off
SHORT0.2407+0.0120get 0.0060% / 4h1h 49m$10.3M$4.0M50xShort MEXC
Price gap−0.054%
Funding gap−0.0873% /8h

The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $26 a day and eats that in about 5 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$70−0.0873% /8h now · paid −0.699% over the last 5 days (all we have)
Price+$5spread −0.054% now, avg −0.106% → +0.052% if it goes back
Costs−$370.367% of $10k · taker + slippage, in and out

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

MEXC price against Arcusnow
RANGE STATS · 7D
Now−0.054%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

USELESS on 26 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size16.4 / 7.0 bp
    At $10k entering Arcus costs 16.4 bp, fee and slippage, 2.4× MEXC’s.
  • Note: Margin at max leverage$1,000 + $200
    Arcus 10x, MEXC 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$26.19Long Arcus: 24 payments, −$29.79; short MEXC: 6 payments, +$3.60.
  • OK: Entry gap works for you−0.054% vs −0.106%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$234K vs $10.3M OI
    Arcus sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCArcus No · MEXC Yes
    KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0447%/8h × 21 periods−$93.81
Price spread−0.054% → −0.106% (7d avg)+$5.23
Slippage, 4 orderslive order books−$24.15
Fee Arcus bp × 2 orders−$4.50
Fee MEXC bp × 2 orders−$8.00
Net · 7 days · $10k−$125.24
Costs to cover0.367%Break-evennever at this rate
Slippage: Arcus: live order book, 29 min ago; MEXC: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGArcus4.1716.4 bp−$1642.6 bp−$426doesn’t fitdoesn’t fit
SELL · SHORTMEXC0.217.0 bp−$743.8 bp−$438157.2 bp−$15.7Kdoesn’t fit

Closing costs about the same again.

Alert

USELESS news

posts that mention USELESS, from every exchangeSearch all news →
09-25 05:25ArcusListing$USELESS perpetuals are now live on Arcus. Up to 10x leverage. @arcus_xyz on X ↗
09-24 17:18ArcusListingnew market USELESS-USD ($USELESS) seen by our collector
09-22 14:31NadoListingnew market USELESS-PERP ($USELESS) seen by our collector