Funding you earn now, next payment 03:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.039%
Price spread now: Extended against Bitget+0.121%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1661.665% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 7 days−0.272%−$27 · spread now +0.121%, 7d avg −0.044%
=Together, before fees−0.153%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.164% dearer against Bitget than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USELESSUSDT | 0.2744 | 0.0556 | pay 0.0278% / 4h | 1h 20m | $5.3M | $9.9M | 20x |
| Short | Extended USELESS-USD | 0.2748 | 0.0608 | get 0.0076% / 1h | 20m 33s | $289K | $1.1M | 5x |
Bitget USELESSUSDT
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bitget. 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
- $10.92
- Price spread: +0.121% → −0.044%
- $16.44
- Slippage, 4 orders
- −$149.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$139.14
- Costs to cover
- 1.665%
- Break-even
- 96.2 days
Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago | 5.30 bp | 27.2 bp −$27 | 88.8 bp −$888 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 10.53 bp | 27.3 bp −$27 | 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 | 0.2749 | +0.189% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2751 | +0.265% | $30K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2744 | −0.018% | $6.9M | $8.6M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2736 | −0.299% | $38K | $695K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2746 | +0.069% | $38K | $215K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2757 | +0.463% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2755 | +0.408% | $18K | $510K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2750 | +0.219% | $607K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0206% | 4h | 0.2745 | +0.036% | $9.7M | $64.5M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2756 | +0.445% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0274% | 4h | 0.2747 | +0.095% | $5.0M | $10.4M | 12x | as long as short |
| Bitget USELESSUSDTlong | +0.0556% | 4h | 0.2744 | long leg | $5.3M | $9.9M | 20x | |
| edgeX USELESSUSDC | +0.0570% | 4h | 0.2735 | −0.327% | $20K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0604% | 4h | 0.2745 | +0.033% | $10.9M | $6.0M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0608% | 1h | 0.2748 | +0.121% | $289K | $1.1M | 5x | |
| Binance USELESSUSDT | +0.0622% | 4h | 0.2748 | +0.128% | $23.3M | $118.0M | 50x | as long as short |
| Hyperliquid USELESS | +0.0703% | 1h | 0.2746 | +0.069% | $13.4M | $20.9M | 3x | as long as short |
| BingX USELESS-USDT | +0.0890% | 4h | 0.2746 | +0.077% | — | $5.2M | — | as long as short |
| Bybit USELESSUSDT | +0.1007% | 4h | 0.2744 | +0.007% | $26.5M | $46.5M | 13x | as long as short |
| Variational Omni USELESS | +0.1034% | 4h | 0.2753 | +0.333% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1051% | 4h | 0.2752 | +0.270% | $580K | $2.2M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1280% | 4h | 0.2753 | +0.339% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1386% | 4h | 0.2755 | +0.404% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2892 | +5.390% | $5K | $9K | 5.5x | as long as short |
KuCoin USELESSUSDTM
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP