USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0882%/8h= +96.6% APRnext payment +$4.41 per $10,000 · paid last 24h +0.049%

Price spread now: BingX against Bitget−0.180%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$900.904% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 7 days+0.097%+$10 · spread now −0.180%, 7d avg −0.006%

Together, before fees+0.240%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.175% cheaper against Bitget than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of −0.006%). If the spread goes back, that is −$17 on $10k: about 16 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.143% in total) that is about 8.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.143% in total (about 7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.41 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	0.2826	0.0536	pay 0.0268% / 4h	1h 38m	$5.5M	$8.9M	20x
Short	BingX USELESS-USDT	0.2821	0.1418	get 0.0709% / 4h	1h 38m	—	$4.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.180%Rate

Funding earned: $185.22
Price spread: −0.180% → −0.006%: −$17.49
Slippage, 4 orders: −$68.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $77.3
Costs to cover: 0.904%
Break-even: 4.1 days

Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 11 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	5.12 bp	29.6 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	3.36 bp	15.9 bp −$16	72.8 bp −$728	390.4 bp −$39.0K	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	0.2827	+0.032%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2825	−0.037%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2817	−0.304%	$10.0M	$64.0M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2826	+0.014%	$27K	$143K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2826	−0.011%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2839	+0.460%	$30K	$418K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2822	−0.124%	$580K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	0.2828	+0.081%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0342%	4h	0.2823	−0.106%	$5.2M	$9.8M	12x	as long as short
Gate USELESS_USDT	+0.0400%	4h	0.2821	−0.184%	$7.0M	$7.9M	50x	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	+0.0489%	1h	0.2825	−0.028%	$40K	$700K	25x	as long as short
Bitget USELESSUSDTlong	+0.0536%	4h	0.2826	long leg	$5.5M	$8.9M	20x
edgeX USELESSUSDC	+0.0559%	4h	0.2830	+0.147%	$21K	$190K	10x	as long as short
Extended USELESS-USD	+0.0568%	1h	0.2826	−0.008%	$298K	$965K	5x	as long as short
MEXC USELESS_USDT	+0.0568%	4h	0.2826	+0.011%	$10.0M	$5.8M	50x	as long as short
Binance USELESSUSDT	+0.0569%	4h	0.2821	−0.177%	$23.8M	$111.9M	50x	as long as short
Hyperliquid USELESS	+0.1195%	1h	0.2830	+0.163%	$14.3M	$20.0M	3x	as long as short
Aster USELESSUSDT	+0.1252%	4h	0.2828	+0.088%	$654K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1256%	4h	0.2828	+0.060%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDTshort	+0.1418%	4h	0.2821	−0.180%	—	$4.9M	—
Bybit USELESSUSDT	+0.1515%	4h	0.2819	−0.234%	$28.5M	$43.4M	13x	as long as short
Variational Omni USELESS	+0.1535%	4h	0.2824	−0.056%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.2004%	4h	0.2828	+0.064%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2999	+6.126%	$5K	$9K	5.5x	as long as short