USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1823%/8h= +199.6% APRnext payment +$9.11 per $10,000 · paid last 24h +0.151%

Price spread now: BloFin against Bitget+0.220%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$840.844% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.672%+$67 on $10k

Price spread, last 3 days (all we have)−0.288%−$29 · spread now +0.220%, 7d avg +0.068%

Together, before fees+0.384%+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$55 a day on $10k at the current rate, and BloFin is 0.152% dearer against Bitget than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.068%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.672% in total (about 35.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.11 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	0.2824	0.0398	pay 0.0199% / 4h	3h 42m	$5.4M	$9.6M	20x
Short	BloFin USELESS-USDT	0.2830	0.2221	get 0.1110% / 4h	3h 42m	$1.2M	$2.0M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.220%Rate

Funding earned: $382.76
Price spread: +0.220% → +0.068%: $15.16
Slippage, 4 orders: −$60.38
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $313.55
Costs to cover: 0.844%
Break-even: 1.3 days

Slippage from Bitget: live order book, just now; BloFin: live order book, 5 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, just now	2.30 bp	21.3 bp −$21	95.1 bp −$951	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	4.44 bp	17.8 bp −$18	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	0.2826	+0.071%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2825	+0.035%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2822	−0.067%	$9.9M	$66.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2823	−0.014%	$46K	$169K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2830	+0.230%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2818	−0.216%	$19K	$504K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2821	−0.099%	$592K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2831	+0.241%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0210%	4h	0.2825	+0.046%	$5.2M	$10.1M	12x	as long as short
Bitget USELESSUSDTlong	+0.0398%	4h	0.2824	long leg	$5.4M	$9.6M	20x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0466%	4h	0.2817	−0.245%	$21K	$194K	10x	as long as short
MEXC USELESS_USDT	+0.0478%	4h	0.2829	+0.181%	$10.7M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0479%	4h	0.2824	+0.004%	$23.8M	$116.1M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2828	+0.138%	$301K	$1.2M	5x	as long as short
Gate USELESS_USDT	+0.0506%	4h	0.2823	−0.032%	$7.1M	$8.3M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0723%	1h	0.2810	−0.485%	$39K	$703K	25x	as long as short
Aster USELESSUSDT	+0.1031%	4h	0.2825	+0.035%	$649K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1125%	4h	0.2823	−0.031%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1184%	1h	0.2833	+0.312%	$14.2M	$21.1M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1292%	4h	0.2828	+0.135%	$22K	$1.4M	10x	as long as short
Bybit USELESSUSDT	+0.1499%	4h	0.2825	+0.046%	$27.7M	$45.9M	13x	as long as short
BloFin USELESS-USDTshort	+0.2221%	4h	0.2830	+0.220%	$1.2M	$2.0M	12x
BingX USELESS-USDT	+0.2322%	4h	0.2828	+0.149%	—	$5.0M	—	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2990	+5.875%	$5K	$9K	5.5x	as long as short