Funding you earn now, next payment 04:00 UTC−0.0506%/8h= −55.4% APRnext payment −$2.53 per $10,000 · paid last 24h −0.101%
Price spread now: Gate against Binance−0.313%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1141.145% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 7 days+0.217%+$22 · spread now −0.313%, 7d avg −0.110%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Gate is 0.203% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.110%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.157% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.53 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 | 0.2752 | 0.0606 | pay 0.0303% / 4h | 1h 22m | $23.3M | $118.0M | 50x |
| Short | Gate USELESS_USDT | 0.2743 | 0.0100 | get 0.0050% / 4h | 1h 22m | $6.9M | $8.6M | 50x |
Binance USELESSUSDT
Gate USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$106.23
- Price spread: −0.313% → −0.110%
- −$20.33
- Slippage, 4 orders
- −$89.49
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$241.06
- Costs to cover
- 1.145%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Gate: live order book, 1 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, 6 min ago | 0.18 bp | 14.4 bp −$14 | 64.6 bp −$646 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 6.04 bp | 34.6 bp −$35 | 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 | 0.2737 | −0.535% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2736 | −0.559% | $30K | $70K | 3x | as long as short |
| Gate USELESS_USDTshort | +0.0100% | 4h | 0.2743 | −0.313% | $6.9M | $8.6M | 50x | |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2731 | −0.749% | $38K | $695K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2749 | −0.084% | $37K | $215K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2737 | −0.538% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2737 | −0.542% | $18K | $510K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2731 | −0.764% | $602K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0196% | 4h | 0.2750 | −0.059% | $9.7M | $64.6M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2738 | −0.486% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0262% | 4h | 0.2748 | −0.124% | $5.1M | $10.4M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0550% | 4h | 0.2751 | −0.041% | $5.3M | $9.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0570% | 4h | 0.2735 | −0.596% | $20K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0596% | 4h | 0.2745 | −0.251% | $10.7M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0600% | 1h | 0.2743 | −0.320% | $288K | $1.1M | 5x | as long as short |
| Binance USELESSUSDTlong | +0.0606% | 4h | 0.2752 | long leg | $23.3M | $118.0M | 50x | |
| Hyperliquid USELESS | +0.0707% | 1h | 0.2752 | +0.003% | $13.5M | $20.9M | 3x | as long as short |
| BingX USELESS-USDT | +0.0878% | 4h | 0.2753 | +0.065% | — | $5.2M | — | as long as short |
| Variational Omni USELESS | +0.0932% | 4h | 0.2731 | −0.760% | $1.2M | $1.7M | — | as long as short |
| Bybit USELESSUSDT | +0.0984% | 4h | 0.2753 | +0.039% | $26.6M | $46.5M | 13x | as long as short |
| Aster USELESSUSDT | +0.1028% | 4h | 0.2749 | −0.098% | $579K | $2.2M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1218% | 4h | 0.2733 | −0.662% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1377% | 4h | 0.2739 | −0.473% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2892 | +5.106% | $5K | $9K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
Hyperliquid USELESS
BingX USELESS-USDT
Variational Omni USELESS
Bybit USELESSUSDT
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP