USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0612%/8h= +67.1% APRnext payment +$3.06 per $10,000 · paid last 24h +0.013%

Price spread now: Bybit against Binance+0.080%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$730.734% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.107%−$11 · spread now +0.080%, 7d avg −0.034%

Together, before fees−0.084%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Bybit is 0.113% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.034%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.06 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	0.2930	0.0661	pay 0.0331% / 4h	2h 17m	$25.3M	$109.4M	50x
Short	Bybit USELESSUSDT	0.2932	0.1274	get 0.0637% / 4h	2h 17m	$29.5M	$42.6M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.080%Rate

Funding earned: $128.62
Price spread: +0.080% → −0.034%: $11.34
Slippage, 4 orders: −$52.37
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $66.59
Costs to cover: 0.734%
Break-even: 3.4 days

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 2 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, 11 min ago	1.52 bp	14.8 bp −$15	64.4 bp −$644	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.53 bp	19.2 bp −$19	74.5 bp −$745	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
Lighter USELESS	+0.0096%	1h	0.2929	−0.012%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2937	+0.261%	$33K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2929	−0.029%	$10.5M	$65.5M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2932	+0.083%	$29K	$137K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2930	+0.022%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2912	−0.620%	$20K	$379K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2922	−0.258%	$583K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0240%	1h	0.2932	+0.059%	$11K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0246%	4h	0.2926	−0.132%	$5.4M	$9.6M	12x	as long as short
Gate USELESS_USDT	+0.0420%	4h	0.2927	−0.104%	$7.3M	$7.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0437%	1h	0.2937	+0.247%	$42K	$699K	25x	as long as short
Bitget USELESSUSDT	+0.0536%	4h	0.2929	−0.029%	$5.6M	$8.7M	20x	as long as short
edgeX USELESSUSDC	+0.0654%	4h	0.2953	+0.797%	$22K	$190K	10x	as long as short
Binance USELESSUSDTlong	+0.0661%	4h	0.2930	long leg	$25.3M	$109.4M	50x
Extended USELESS-USD	+0.0664%	1h	0.2932	+0.071%	$310K	$967K	5x	as long as short
MEXC USELESS_USDT	+0.0664%	4h	0.2930	+0.008%	$10.4M	$5.9M	50x	as long as short
Orderly PERP_USELESS_USDC	+0.1187%	4h	0.2927	−0.081%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1200%	4h	0.2928	−0.050%	—	$4.9M	—	as long as short
Bybit USELESSUSDTshort	+0.1274%	4h	0.2932	+0.080%	$29.5M	$42.6M	13x
Variational Omni USELESS	+0.1314%	4h	0.2942	+0.417%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1395%	4h	0.2931	+0.035%	$677K	$2.1M	10x	as long as short
Hyperliquid USELESS	+0.1606%	1h	0.2932	+0.083%	$15.0M	$19.6M	3x	as long as short
BloFin USELESS-USDT	+0.1681%	4h	0.2928	−0.074%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3111	+6.176%	$5K	$10K	5.5x	as long as short