Funding you earn now, next payment 04:00 UTC−0.0210%/8h= −23.0% APRnext payment −$1.05 per $10,000 · paid last 24h −0.040%
Price spread now: MEXC against BingX+0.011%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$780.781% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now +0.011%, 7d avg +0.017%
=The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$6 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 −$1.05 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 | 0.2821 | 0.0692 | pay 0.0346% / 4h | 2h 53m | — | $5.1M | — |
| Short | MEXC USELESS_USDT | 0.2822 | 0.0482 | get 0.0241% / 4h | 2h 53m | $11.0M | $6.0M | 50x |
BingX USELESS-USDT
MEXC USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$44.1
- Price spread: +0.011% → +0.017%
- −$0.66
- Slippage, 4 orders
- −$60.12
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$122.88
- Costs to cover
- 0.781%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; MEXC: live order book, 10 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 | 3.27 bp | 23.2 bp −$23 | 72.8 bp −$728 | 368.9 bp −$36.9K | 1061.8 bp −$530.9K |
| Sell MEXC live order book, 10 min ago | 2.60 bp | 12.8 bp −$13 | 52.9 bp −$529 | 136.1 bp −$13.6K | 526.4 bp −$263.2K |
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 | 0.2821 | −0.004% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2822 | +0.028% | $31K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2825 | +0.128% | $9.9M | $67.0M | 10x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2814 | −0.266% | $7.1M | $8.3M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2834 | +0.447% | $39K | $698K | 25x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2819 | −0.071% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2821 | −0.025% | $18K | $514K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2813 | −0.287% | $595K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0110% | 4h | 0.2821 | −0.007% | $5.2M | $10.2M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2816 | −0.193% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Gate USELESS_USDT
ApeX Omni USELESSUSDT
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps USELESS-USD | +0.0447% | 1h | 0.2816 | −0.198% | $45K | $183K | 3x | as long as short |
| Extended USELESS-USD | +0.0480% | 1h | 0.2821 | −0.012% | $297K | $1.2M | 5x | as long as short |
| MEXC USELESS_USDTshort | +0.0482% | 4h | 0.2822 | +0.011% | $11.0M | $6.0M | 50x | |
| Binance USELESSUSDT | +0.0483% | 4h | 0.2822 | +0.022% | $23.9M | $117.5M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0488% | 4h | 0.2844 | +0.817% | $21K | $193K | 10x | as long as short |
| Bitget USELESSUSDT | +0.0574% | 4h | 0.2820 | −0.050% | $5.4M | $9.9M | 20x | as long as short |
| BingX USELESS-USDTlong | +0.0692% | 4h | 0.2821 | long leg | — | $5.1M | — | |
| Bybit USELESSUSDT | +0.0731% | 4h | 0.2826 | +0.159% | $27.5M | $46.7M | 13x | as long as short |
| Hyperliquid USELESS | +0.0946% | 1h | 0.2824 | +0.096% | $14.1M | $21.0M | 3x | as long as short |
| Variational Omni USELESS | +0.0962% | 4h | 0.2815 | −0.241% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1014% | 4h | 0.2820 | −0.048% | $649K | $2.3M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1051% | 4h | 0.2811 | −0.365% | $1.2M | $2.1M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1248% | 4h | 0.2817 | −0.167% | $22K | $1.4M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2975 | +5.444% | $5K | $9K | 5.5x | as long as short |
Polymarket Perps USELESS-USD
Extended USELESS-USD
Binance USELESSUSDT
edgeX USELESSUSDC
Bitget USELESSUSDT
Bybit USELESSUSDT
Hyperliquid USELESS
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP