Funding you earn now, next payment 00:00 UTC−0.0676%/8h= −74.0% APRnext payment −$3.38 per $10,000 · paid last 24h −0.049%
Price spread now: Bitget against BingX−0.217%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$940.943% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 7 days+0.308%+$31 · spread now −0.217%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Bitget is 0.221% cheaper against BingX than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.143% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.38 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 | 0.2814 | 0.1040 | pay 0.0520% / 4h | 36m 56s | — | $5.0M | — |
| Short | Bitget USELESSUSDT | 0.2808 | 0.0364 | get 0.0182% / 4h | 36m 56s | $5.3M | $9.4M | 20x |
BingX USELESS-USDT
Bitget USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$141.96
- Price spread: −0.217% → +0.004%
- −$22.07
- Slippage, 4 orders
- −$72.26
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$258.29
- Costs to cover
- 0.943%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; Bitget: 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 BingX live order book, 13 min ago | 3.69 bp | 19.4 bp −$19 | 58.9 bp −$589 | 386.2 bp −$38.6K | doesn't fit |
| Sell Bitget live order book, 1 min ago | 6.02 bp | 23.6 bp −$24 | 110.3 bp −$1,103 | 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 | −0.075% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2818 | +0.150% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2812 | −0.046% | $9.8M | $66.2M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2810 | −0.121% | $33K | $156K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2811 | −0.082% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2808 | −0.210% | $18K | $495K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2806 | −0.291% | $568K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2814 | +0.018% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0263% | 1h | 0.2826 | +0.437% | $39K | $700K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0298% | 4h | 0.2805 | −0.302% | $5.2M | $10.0M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDTshort | +0.0364% | 4h | 0.2808 | −0.217% | $5.3M | $9.4M | 20x | |
| Gate USELESS_USDT | +0.0396% | 4h | 0.2804 | −0.345% | $7.0M | $8.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0518% | 4h | 0.2826 | +0.434% | $21K | $192K | 10x | as long as short |
| Extended USELESS-USD | +0.0520% | 1h | 0.2809 | −0.183% | $297K | $966K | 5x | as long as short |
| Binance USELESSUSDT | +0.0521% | 4h | 0.2812 | −0.054% | $23.6M | $115.9M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0524% | 4h | 0.2810 | −0.128% | $10.4M | $6.0M | 50x | as long as short |
| BingX USELESS-USDTlong | +0.1040% | 4h | 0.2814 | long leg | — | $5.0M | — | |
| Bybit USELESSUSDT | +0.1058% | 4h | 0.2812 | −0.071% | $27.7M | $45.7M | 13x | as long as short |
| Aster USELESSUSDT | +0.1127% | 4h | 0.2813 | −0.010% | $647K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1280% | 4h | 0.2823 | +0.330% | $1.2M | $1.8M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1336% | 4h | 0.2813 | −0.021% | $22K | $1.4M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1401% | 4h | 0.2813 | −0.011% | $1.2M | $2.0M | 12x | as long as short |
| Hyperliquid USELESS | +0.1477% | 1h | 0.2816 | +0.082% | $14.0M | $21.0M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2995 | +6.440% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
edgeX USELESSUSDC
Extended USELESS-USD
Binance USELESSUSDT
MEXC USELESS_USDT
Bybit USELESSUSDT
Aster USELESSUSDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
BloFin USELESS-USDT
Hyperliquid USELESS
Injective USELESS/USDC PERP