USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0206%/8h= +22.6% APRnext payment +$1.03 per $10,000 · paid last 24h +0.043%

Price spread now: Binance against Bitget+0.085%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$950.950% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.085%, 7d avg +0.021%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.064% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.021%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.102% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.03 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	Bitget USELESSUSDT	0.2868	0.0100	pay 0.0050% / 4h	43m 28s	$5.5M	$10.6M	20x
Short	Binance USELESSUSDT	0.2870	0.0306	get 0.0153% / 4h	43m 28s	$23.9M	$125.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.085%Rate

Funding earned: $43.34
Price spread: +0.085% → +0.021%: $6.44
Slippage, 4 orders: −$73
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.22
Costs to cover: 0.950%
Break-even: 14.3 days

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 15 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 Bitget live order book, 5 min ago	3.48 bp	29.5 bp −$29	91.5 bp −$915	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.17 bp	16.0 bp −$16	81.6 bp −$816	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	0.2869	+0.045%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2864	−0.106%	$30K	$19K	3x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2866	−0.056%	$5.2M	$10.7M	12x	as long as short
Bitget USELESSUSDTlong	+0.0100%	4h	0.2868	long leg	$5.5M	$10.6M	20x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2870	+0.098%	$29K	$271K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2874	+0.213%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2876	+0.307%	$19K	$516K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2875	+0.248%	$647K	$1.2M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0121%	4h	0.2865	−0.084%	$9.9M	$71.9M	10x	as long as short
Aevo USELESS-PERP	+0.0160%	1h	0.2873	+0.190%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0230%	1h	0.2874	+0.227%	$53K	$701K	25x	as long as short
Aster USELESSUSDT	+0.0261%	4h	0.2870	+0.073%	$562K	$2.2M	10x	as long as short
edgeX USELESSUSDC	+0.0294%	4h	0.2872	+0.160%	$21K	$198K	10x	as long as short
Extended USELESS-USD	+0.0304%	1h	0.2869	+0.044%	$244K	$1.3M	5x	as long as short
MEXC USELESS_USDT	+0.0304%	4h	0.2870	+0.080%	$12.2M	$6.2M	50x	as long as short
Binance USELESSUSDTshort	+0.0306%	4h	0.2870	+0.085%	$23.9M	$125.1M	50x
Gate USELESS_USDT	+0.0428%	4h	0.2867	−0.017%	$7.2M	$8.7M	50x	as long as short
BingX USELESS-USDT	+0.0466%	4h	0.2868	0.000%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0525%	4h	0.2868	+0.014%	$27.1M	$49.7M	13x	as long as short
Variational Omni USELESS	+0.0556%	4h	0.2875	+0.275%	$1.2M	$1.9M	—	as long as short
BloFin USELESS-USDT	+0.0750%	4h	0.2877	+0.317%	$1.2M	$2.2M	12x	as long as short
Hyperliquid USELESS	+0.0965%	1h	0.2873	+0.199%	$12.6M	$23.5M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0979%	4h	0.2871	+0.105%	$22K	$1.6M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3006	+4.837%	$5K	$11K	5.5x	as long as short