USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0121%/8h= +13.2% APRnext payment +$0.60 per $10,000 · paid last 24h +0.074%

Price spread now: Bybit against Bitget+0.171%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$980.977% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 7 days−0.274%−$27 · spread now +0.171%, 7d avg −0.018%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.188% dearer against Bitget than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USELESSUSDT	0.2814	0.0578	pay 0.0289% / 4h	2h 18m	$5.4M	$9.8M	20x
Short	Bybit USELESSUSDT	0.2818	0.0699	get 0.0349% / 4h	2h 18m	$27.4M	$46.3M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.171%Rate

Funding earned: $25.36
Price spread: +0.171% → −0.018%: $18.85
Slippage, 4 orders: −$74.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.46
Costs to cover: 0.977%
Break-even: 21.8 days

Slippage from Bitget: live order book, 5 min ago; Bybit: 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, 5 min ago	5.85 bp	27.1 bp −$27	116.9 bp −$1,169	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.42 bp	24.4 bp −$24	73.7 bp −$737	doesn't fit	doesn't fit

USELESS on 23 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	0.2812	−0.057%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2818	+0.147%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2821	+0.259%	$10.0M	$66.4M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2813	−0.028%	$7.1M	$8.4M	50x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2815	+0.036%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2812	−0.057%	$18K	$520K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2802	−0.409%	$605K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0130%	4h	0.2814	+0.021%	$5.2M	$10.3M	12x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2815	+0.061%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USD	+0.0502%	1h	0.2813	−0.028%	$28K	$201K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0540%	4h	0.2816	+0.081%	$21K	$194K	10x	as long as short
MEXC USELESS_USDT	+0.0550%	4h	0.2820	+0.213%	$11.0M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0550%	4h	0.2822	+0.299%	$23.9M	$117.1M	50x	as long as short
Extended USELESS-USD	+0.0552%	1h	0.2819	+0.171%	$302K	$1.1M	5x	as long as short
Bitget USELESSUSDTlong	+0.0578%	4h	0.2814	long leg	$5.4M	$9.8M	20x
BingX USELESS-USDT	+0.0606%	4h	0.2822	+0.284%	—	$5.1M	—	as long as short
Bybit USELESSUSDTshort	+0.0699%	4h	0.2818	+0.171%	$27.4M	$46.3M	13x
ApeX Omni USELESSUSDT	+0.0775%	1h	0.2817	+0.117%	$39K	$699K	25x	as long as short
Variational Omni USELESS	+0.0863%	4h	0.2817	+0.117%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1074%	4h	0.2811	−0.080%	$626K	$2.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1282%	4h	0.2816	+0.075%	$22K	$1.3M	10x	as long as short
Hyperliquid USELESS	+0.1365%	1h	0.2819	+0.174%	$14.1M	$20.7M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2982	+5.992%	$5K	$9K	5.5x	as long as short