USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.60 per $10,000 · paid last 24h −0.085%

Price spread now: BingX against Aster−0.094%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.295%−$29 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.094%, 7d avg +0.030%

Together, before fees−0.049%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.125% cheaper against Aster than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster USELESSUSDT	0.2809	0.1066	pay 0.0533% / 4h	15m 58s	$646K	$2.3M	10x
Short	BingX USELESS-USDT	0.2807	0.0946	get 0.0473% / 4h	15m 58s	—	$5.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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 AsterbpFee BingXbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$25.15
Price spread: −0.094% → +0.030%: −$12.45
Slippage, 4 orders: −$52.03
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$107.64
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; BingX: live order book, 4 min ago.

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 Aster live order book, 2 min ago	7.28 bp	21.2 bp −$21	148.7 bp −$1,487	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	2.84 bp	16.8 bp −$17	78.7 bp −$787	416.2 bp −$41.6K	doesn't fit

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	0.2804	−0.201%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2808	−0.048%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2802	−0.276%	$9.9M	$66.2M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2806	−0.137%	$38K	$161K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2808	−0.048%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2809	−0.030%	$19K	$498K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2799	−0.365%	$569K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0162%	1h	0.2816	+0.233%	$39K	$703K	25x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2797	−0.438%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0212%	4h	0.2803	−0.212%	$5.2M	$10.0M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0304%	4h	0.2807	−0.105%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0372%	4h	0.2803	−0.233%	$7.0M	$8.3M	50x	as long as short
edgeX USELESSUSDC	+0.0487%	4h	0.2822	+0.447%	$21K	$193K	10x	as long as short
Binance USELESSUSDT	+0.0503%	4h	0.2807	−0.088%	$23.6M	$116.4M	50x	as long as short
Extended USELESS-USD	+0.0504%	1h	0.2806	−0.135%	$295K	$966K	5x	as long as short
MEXC USELESS_USDT	+0.0506%	4h	0.2807	−0.087%	$10.4M	$6.0M	50x	as long as short
BingX USELESS-USDTshort	+0.0946%	4h	0.2807	−0.094%	—	$5.0M	—
Bybit USELESSUSDT	+0.0961%	4h	0.2806	−0.137%	$27.6M	$45.8M	13x	as long as short
Aster USELESSUSDTlong	+0.1066%	4h	0.2809	long leg	$646K	$2.3M	10x
Variational Omni USELESS	+0.1081%	4h	0.2807	−0.100%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1291%	4h	0.2809	+0.002%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1329%	4h	0.2809	−0.030%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1582%	1h	0.2806	−0.116%	$14.0M	$21.1M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2977	+5.971%	$5K	$9K	5.5x	as long as short