USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.67 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against BingX+0.011%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$710.715% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.011%, 7d avg −0.017%

Together, before fees−0.035%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.028% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX USELESS-USDT	0.2752	0.0890	pay 0.0445% / 4h	1h 21m	—	$5.2M	—
Short	Bybit USELESSUSDT	0.2752	0.1024	get 0.0512% / 4h	1h 21m	$26.6M	$46.5M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.011%Rate

Funding earned: $28.17
Price spread: +0.011% → −0.017%: $2.77
Slippage, 4 orders: −$50.47
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$40.53
Costs to cover: 0.715%
Break-even: 17.1 days

Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 3 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, 4 min ago	4.20 bp	20.8 bp −$21	72.7 bp −$727	564.0 bp −$56.4K	doesn't fit
Sell Bybit live order book, 3 min ago	0.73 bp	17.5 bp −$18	48.9 bp −$489	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	0.2751	−0.044%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2748	−0.142%	$30K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2747	−0.178%	$6.9M	$8.6M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2736	−0.589%	$38K	$695K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2756	+0.127%	$38K	$215K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2757	+0.171%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2755	+0.116%	$18K	$510K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2750	−0.073%	$607K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0205%	4h	0.2753	+0.018%	$9.7M	$64.7M	10x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2756	+0.153%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0278%	4h	0.2752	+0.004%	$5.1M	$10.4M	12x	as long as short
Bitget USELESSUSDT	+0.0554%	4h	0.2754	+0.058%	$5.3M	$9.9M	20x	as long as short
edgeX USELESSUSDC	+0.0570%	4h	0.2735	−0.617%	$20K	$195K	10x	as long as short
MEXC USELESS_USDT	+0.0604%	4h	0.2754	+0.065%	$10.9M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0606%	4h	0.2754	+0.076%	$23.3M	$118.0M	50x	as long as short
Extended USELESS-USD	+0.0608%	1h	0.2753	+0.041%	$289K	$1.1M	5x	as long as short
Hyperliquid USELESS	+0.0713%	1h	0.2754	+0.080%	$13.5M	$20.9M	3x	as long as short
BingX USELESS-USDTlong	+0.0890%	4h	0.2752	long leg	—	$5.2M	—
Variational Omni USELESS	+0.0932%	4h	0.2731	−0.782%	$1.2M	$1.7M	—	as long as short
Bybit USELESSUSDTshort	+0.1024%	4h	0.2752	+0.011%	$26.6M	$46.5M	13x
Aster USELESSUSDT	+0.1051%	4h	0.2752	−0.022%	$580K	$2.2M	10x	as long as short
BloFin USELESS-USDT	+0.1280%	4h	0.2753	+0.047%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1386%	4h	0.2755	+0.113%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2892	+5.083%	$5K	$9K	5.5x	as long as short