Funding you earn now, next payment 00:00 UTC−0.0528%/8h= −57.8% APRpaid last 24h −0.028%
Price spread now: Extended against BingX−0.009%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1331.330% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)−0.193%−$19 · spread now −0.009%, 7d avg −0.027%
=Together, before fees−0.223%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$16 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 -0.031% in total (about -1.6% a year). A funding rate is set anew for every payment. 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 | 0.2811 | 0.1040 | pay 0.0520% / 4h | 35m 34s | — | $5.0M | — |
| Short | Extended USELESS-USD | 0.2810 | 0.0512 | get 0.0064% / 1h | 35m 34s | $297K | $966K | 5x |
BingX USELESS-USDT
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$110.88
- Price spread: −0.009% → −0.027%
- $1.8
- Slippage, 4 orders
- −$118.03
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$242.11
- Costs to cover
- 1.330%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; Extended: live order book, 43 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, 15 min ago | 3.69 bp | 19.4 bp −$19 | 58.9 bp −$589 | 386.2 bp −$38.6K | doesn't fit |
| Sell Extended live order book, 43 min ago | 7.80 bp | 22.0 bp −$22 | 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 | 0.2809 | −0.043% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2809 | −0.064% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2808 | −0.093% | $9.8M | $66.1M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2811 | +0.004% | $33K | $156K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2813 | +0.089% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2810 | −0.018% | $19K | $495K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2808 | −0.089% | $568K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2815 | +0.167% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0263% | 1h | 0.2826 | +0.544% | $39K | $700K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0300% | 4h | 0.2806 | −0.181% | $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 USELESSUSDT | +0.0350% | 4h | 0.2810 | −0.014% | $5.3M | $9.4M | 20x | as long as short |
| Gate USELESS_USDT | +0.0392% | 4h | 0.2803 | −0.256% | $7.0M | $8.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0506% | 4h | 0.2813 | +0.076% | $21K | $192K | 10x | as long as short |
| Binance USELESSUSDT | +0.0510% | 4h | 0.2810 | −0.014% | $23.6M | $116.0M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0512% | 1h | 0.2810 | −0.009% | $297K | $966K | 5x | |
| MEXC USELESS_USDT | +0.0514% | 4h | 0.2810 | −0.021% | $10.3M | $6.0M | 50x | as long as short |
| BingX USELESS-USDTlong | +0.1040% | 4h | 0.2811 | long leg | — | $5.0M | — | |
| Bybit USELESSUSDT | +0.1073% | 4h | 0.2810 | −0.032% | $27.7M | $45.6M | 13x | as long as short |
| Aster USELESSUSDT | +0.1107% | 4h | 0.2810 | −0.042% | $646K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1218% | 4h | 0.2814 | +0.133% | $1.2M | $1.8M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1336% | 4h | 0.2814 | +0.135% | $22K | $1.4M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1401% | 4h | 0.2813 | +0.096% | $1.2M | $2.0M | 12x | as long as short |
| Hyperliquid USELESS | +0.1500% | 1h | 0.2815 | +0.139% | $13.9M | $21.0M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2995 | +6.554% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
Gate USELESS_USDT
edgeX USELESSUSDC
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