USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1843%/8h= −201.8% APRnext payment −$9.21 per $10,000 · paid last 24h −0.040%

Price spread now: Binance against BingX+0.016%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$810.806% of the position

Long on BingX Short on Binance

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+0.026%+$3 · spread now +0.016%, 7d avg +0.017%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$55 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.21 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	BingX USELESS-USDT	0.2817	0.2322	pay 0.1161% / 4h	3h 44m	—	$5.0M	—
Short	Binance USELESSUSDT	0.2817	0.0479	get 0.0240% / 4h	3h 44m	$23.7M	$116.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.016%Rate

Funding earned: −$386.99
Price spread: +0.016% → +0.017%: −$0.07
Slippage, 4 orders: −$60.63
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$467.69
Costs to cover: 0.806%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Binance: live order book, 13 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 BingX live order book, 11 min ago	0.89 bp	18.3 bp −$18	83.0 bp −$830	537.4 bp −$53.7K	doesn't fit
Sell Binance live order book, 13 min ago	1.07 bp	22.2 bp −$22	105.6 bp −$1,056	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	0.2812	−0.170%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2813	−0.114%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2815	−0.067%	$9.9M	$66.1M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2813	−0.135%	$45K	$168K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2816	−0.014%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2802	−0.504%	$18K	$504K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2809	−0.288%	$590K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2815	−0.044%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0204%	4h	0.2811	−0.209%	$5.2M	$10.1M	12x	as long as short
Bitget USELESSUSDT	+0.0388%	4h	0.2815	−0.050%	$5.4M	$9.6M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0442%	4h	0.2799	−0.639%	$21K	$193K	10x	as long as short
Gate USELESS_USDT	+0.0476%	4h	0.2811	−0.213%	$7.0M	$8.3M	50x	as long as short
Binance USELESSUSDTshort	+0.0479%	4h	0.2817	+0.016%	$23.7M	$116.1M	50x
MEXC USELESS_USDT	+0.0484%	4h	0.2814	−0.092%	$10.6M	$5.9M	50x	as long as short
Extended USELESS-USD	+0.0488%	1h	0.2816	−0.034%	$300K	$1.1M	5x	as long as short
ApeX Omni USELESSUSDT	+0.0926%	1h	0.2819	+0.082%	$39K	$702K	25x	as long as short
Aster USELESSUSDT	+0.1037%	4h	0.2820	+0.120%	$648K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1125%	4h	0.2823	+0.217%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1170%	1h	0.2818	+0.053%	$14.1M	$21.1M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1291%	4h	0.2815	−0.060%	$22K	$1.4M	10x	as long as short
Bybit USELESSUSDT	+0.1684%	4h	0.2816	−0.043%	$27.6M	$45.9M	13x	as long as short
BloFin USELESS-USDT	+0.2314%	4h	0.2814	−0.085%	$1.2M	$2.0M	12x	as long as short
BingX USELESS-USDTlong	+0.2322%	4h	0.2817	long leg	—	$5.0M	—
Injective USELESS/USDC PERP	+0.5000%	1h	0.2983	+5.911%	$5K	$9K	5.5x	as long as short