Funding you earn now, next payment 22:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.003%
Price spread now: Extended against Binance+0.105%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$2022.022% of the position
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.105%, 7d avg −0.025%
=Together, before fees−0.258%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.129% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USELESSUSDT | 0.2927 | 0.0661 | pay 0.0331% / 4h | 2h 15m | $25.2M | $109.4M | 50x |
| Short | Extended USELESS-USD | 0.2930 | 0.0664 | get 0.0083% / 1h | 15m 53s | $309K | $968K | 5x |
Binance USELESSUSDT
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.59
- Price spread: +0.105% → −0.025%
- $12.91
- Slippage, 4 orders
- −$187.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$188.69
- Costs to cover
- 2.022%
- Break-even
- 2253.3 days
Slippage from Binance: live order book, 12 min ago; Extended: 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, 12 min ago | 1.52 bp | 14.8 bp −$15 | 64.4 bp −$644 | doesn't fit | doesn't fit |
| Sell Extended live order book, 7 min ago | 66.50 bp | 85.1 bp −$85 | doesn't fit | 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 | 0.2894 | −1.136% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2931 | +0.128% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2926 | −0.043% | $10.5M | $65.4M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2930 | +0.094% | $29K | $137K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2930 | +0.121% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2923 | −0.131% | $20K | $380K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2925 | −0.066% | $584K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0240% | 4h | 0.2923 | −0.135% | $5.4M | $9.6M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2932 | +0.183% | $11K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0402% | 4h | 0.2924 | −0.104% | $7.3M | $7.8M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Gate USELESS_USDTShow 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 | +0.347% | $42K | $699K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0530% | 4h | 0.2926 | −0.039% | $5.5M | $8.7M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0654% | 4h | 0.2953 | +0.897% | $22K | $190K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0660% | 4h | 0.2929 | +0.060% | $10.4M | $5.9M | 50x | as long as short |
| Binance USELESSUSDTlong | +0.0661% | 4h | 0.2927 | long leg | $25.2M | $109.4M | 50x | |
| Extended USELESS-USDshort | +0.0664% | 1h | 0.2930 | +0.105% | $309K | $968K | 5x | |
| Orderly PERP_USELESS_USDC | +0.1180% | 4h | 0.2930 | +0.108% | $22K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1200% | 4h | 0.2928 | +0.033% | — | $4.9M | — | as long as short |
| Bybit USELESSUSDT | +0.1240% | 4h | 0.2927 | +0.019% | $29.5M | $42.6M | 13x | as long as short |
| Variational Omni USELESS | +0.1314% | 4h | 0.2942 | +0.517% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1395% | 4h | 0.2930 | +0.108% | $677K | $2.1M | 10x | as long as short |
| Hyperliquid USELESS | +0.1602% | 1h | 0.2931 | +0.128% | $15.0M | $19.7M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1681% | 4h | 0.2928 | +0.026% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3111 | +6.282% | $5K | $10K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP