USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0069%/8h= +7.6% APRnext payment +$0.35 per $10,000 · paid last 24h +0.040%

Price spread now: BingX against Binance+0.053%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days−0.092%−$9 · spread now +0.053%, 7d avg −0.016%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.069% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2841	0.0552	pay 0.0276% / 4h	2h 32m	$24.1M	$117.8M	50x
Short	BingX USELESS-USDT	0.2842	0.0622	get 0.0311% / 4h	2h 32m	—	$5.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $14.54
Price spread: +0.053% → −0.016%: $6.87
Slippage, 4 orders: −$46.25
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$44.83
Costs to cover: 0.662%
Break-even: 28.6 days

Slippage from Binance: live order book, 10 min ago; BingX: live order book, 7 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 Binance live order book, 10 min ago	1.06 bp	17.6 bp −$18	77.7 bp −$777	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	4.62 bp	10.7 bp −$11	77.5 bp −$775	381.6 bp −$38.2K	1018.8 bp −$509.4K

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	0.2840	−0.039%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2841	+0.004%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2836	−0.183%	$10.0M	$67.2M	10x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2844	+0.099%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2836	−0.169%	$19K	$518K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2832	−0.313%	$606K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0122%	4h	0.2839	−0.049%	$5.2M	$10.3M	12x	as long as short
Gate USELESS_USDT	+0.0130%	4h	0.2834	−0.239%	$7.1M	$8.4M	50x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2843	+0.082%	$10K	—	3x	as long as short
edgeX USELESSUSDC	+0.0527%	4h	0.2821	−0.686%	$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
Extended USELESS-USD	+0.0552%	1h	0.2842	+0.037%	$303K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0552%	4h	0.2843	+0.060%	$11.0M	$6.0M	50x	as long as short
Binance USELESSUSDTlong	+0.0552%	4h	0.2841	long leg	$24.1M	$117.8M	50x
Bitget USELESSUSDT	+0.0582%	4h	0.2838	−0.095%	$5.4M	$9.9M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0608%	1h	0.2843	+0.092%	$34K	$195K	3x	as long as short
BingX USELESS-USDTshort	+0.0622%	4h	0.2842	+0.053%	—	$5.1M	—
Bybit USELESSUSDT	+0.0626%	4h	0.2837	−0.141%	$27.6M	$46.6M	13x	as long as short
Variational Omni USELESS	+0.0890%	4h	0.2817	−0.830%	$1.2M	$1.7M	—	as long as short
ApeX Omni USELESSUSDT	+0.0893%	1h	0.2817	−0.841%	$39K	$700K	25x	as long as short
Aster USELESSUSDT	+0.1083%	4h	0.2842	+0.021%	$652K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1280%	4h	0.2846	+0.180%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1333%	1h	0.2844	+0.095%	$14.2M	$20.9M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2985	+5.072%	$5K	$9K	5.5x	as long as short