Funding you earn now, next payment 00:00 UTC−0.1016%/8h= −111.3% APRnext payment −$5.08 per $10,000 · paid last 24h −0.127%
Price spread now: Gate against BingX−0.124%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1511.505% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 7 days+0.101%+$10 · spread now −0.124%, 7d avg −0.089%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Gate is 0.035% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.089%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.207% in total (about -10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.08 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 | 0.2831 | 0.1418 | pay 0.0709% / 4h | 1h 41m | — | $4.9M | — |
| Short | Gate USELESS_USDT | 0.2827 | 0.0402 | get 0.0201% / 4h | 1h 41m | $7.1M | $7.9M | 50x |
BingX USELESS-USDT
Gate USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$213.36
- Price spread: −0.124% → −0.089%
- −$3.46
- Slippage, 4 orders
- −$125.51
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$367.32
- Costs to cover
- 1.505%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Gate: live order book, 2 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, 8 min ago | 3.36 bp | 16.5 bp −$16 | 69.1 bp −$691 | 379.0 bp −$37.9K | doesn't fit |
| Sell Gate live order book, 2 min ago | 6.00 bp | 64.0 bp −$64 | 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 | 0.2829 | −0.064% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2834 | +0.111% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2819 | −0.424% | $10.0M | $64.0M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2827 | −0.131% | $27K | $142K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2834 | +0.106% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2830 | −0.032% | $27K | $417K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2813 | −0.643% | $577K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2828 | −0.111% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0342% | 4h | 0.2826 | −0.170% | $5.2M | $9.8M | 12x | as long as short |
| Gate USELESS_USDTshort | +0.0402% | 4h | 0.2827 | −0.124% | $7.1M | $7.9M | 50x |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0538% | 4h | 0.2829 | −0.053% | $5.4M | $8.9M | 20x | as long as short |
| Binance USELESSUSDT | +0.0566% | 4h | 0.2826 | −0.186% | $23.9M | $111.8M | 50x | as long as short |
| Extended USELESS-USD | +0.0568% | 1h | 0.2824 | −0.228% | $298K | $965K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0568% | 4h | 0.2827 | −0.138% | $10.0M | $5.7M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0576% | 4h | 0.2844 | +0.480% | $21K | $191K | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0635% | 1h | 0.2839 | +0.286% | $40K | $700K | 25x | as long as short |
| Hyperliquid USELESS | +0.1195% | 1h | 0.2832 | +0.049% | $14.4M | $19.9M | 3x | as long as short |
| Aster USELESSUSDT | +0.1241% | 4h | 0.2828 | −0.099% | $654K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1244% | 4h | 0.2828 | −0.095% | $22K | $1.4M | 10x | as long as short |
| BingX USELESS-USDTlong | +0.1418% | 4h | 0.2831 | long leg | — | $4.9M | — | |
| Variational Omni USELESS | +0.1517% | 4h | 0.2835 | +0.134% | $1.2M | $1.8M | — | as long as short |
| Bybit USELESSUSDT | +0.1537% | 4h | 0.2818 | −0.473% | $28.5M | $43.4M | 13x | as long as short |
| BloFin USELESS-USDT | +0.1941% | 4h | 0.2836 | +0.166% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3013 | +6.436% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
edgeX USELESSUSDC
ApeX Omni USELESSUSDT
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP