USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1213%/8h= +132.9% APRnext payment +$6.07 per $10,000 · paid last 24h +0.089%

Price spread now: BloFin against Binance+0.007%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$740.738% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.551%+$55 on $10k

Price spread, last 3 days (all we have)−0.587%−$59 · spread now +0.007%, 7d avg +0.033%

Together, before fees−0.035%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.026% cheaper against Binance than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.033%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.551% in total) that is about 8 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.551% in total (about 28.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2900	0.0672	pay 0.0336% / 4h	2h 49m	$25.1M	$109.4M	50x
Short	BloFin USELESS-USDT	0.2900	0.1885	get 0.0942% / 4h	2h 49m	$1.3M	$2.0M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.007%Rate

Funding earned: $254.79
Price spread: +0.007% → +0.033%: −$2.58
Slippage, 4 orders: −$51.82
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $178.39
Costs to cover: 0.738%
Break-even: 2.1 days

Slippage from Binance: live order book, 9 min ago; BloFin: 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 Binance live order book, 9 min ago	0.17 bp	12.7 bp −$13	64.1 bp −$641	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	8.33 bp	25.8 bp −$26	63.9 bp −$639	doesn't fit	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
ApeX Omni USELESSUSDT	+0.0032%	1h	0.2875	−0.848%	$41K	$697K	25x	as long as short
Lighter USELESS	+0.0096%	1h	0.2897	−0.086%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2900	+0.007%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2898	−0.066%	$10.3M	$64.9M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2902	+0.090%	$28K	$135K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2899	−0.028%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2900	+0.024%	$20K	$376K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2894	−0.193%	$575K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0132%	4h	0.2894	−0.186%	$5.4M	$9.6M	12x	as long as short
Gate USELESS_USDT	+0.0208%	4h	0.2893	−0.241%	$7.2M	$7.7M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0240%	1h	0.2899	−0.005%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0566%	4h	0.2899	−0.017%	$5.5M	$8.7M	20x	as long as short
MEXC USELESS_USDT	+0.0660%	4h	0.2902	+0.090%	$21.3M	$5.8M	50x	as long as short
Binance USELESSUSDTlong	+0.0672%	4h	0.2900	long leg	$25.1M	$109.4M	50x
Extended USELESS-USD	+0.0672%	1h	0.2899	−0.010%	$305K	$967K	5x	as long as short
edgeX USELESSUSDC	+0.0693%	4h	0.2894	−0.202%	$22K	$189K	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1114%	4h	0.2899	−0.007%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1192%	4h	0.2881	−0.644%	$1.1M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1321%	4h	0.2892	−0.253%	$667K	$2.2M	10x	as long as short
Bybit USELESSUSDT	+0.1381%	4h	0.2900	+0.010%	$29.2M	$42.7M	13x	as long as short
BingX USELESS-USDT	+0.1394%	4h	0.2899	−0.034%	—	$4.9M	—	as long as short
Hyperliquid USELESS	+0.1448%	1h	0.2902	+0.090%	$14.8M	$19.6M	3x	as long as short
BloFin USELESS-USDTshort	+0.1885%	4h	0.2900	+0.007%	$1.3M	$2.0M	12x
Injective USELESS/USDC PERP	+0.5000%	1h	0.3071	+5.928%	$5K	$10K	5.5x	as long as short