USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.52 per $10,000 · paid last 24h −0.078%

Price spread now: Gate against Bitget−0.112%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1591.591% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.112%, 7d avg −0.094%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.094%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USELESSUSDT	0.2947	0.0542	pay 0.0271% / 4h	2h 18m	$5.6M	$8.7M	20x
Short	Gate USELESS_USDT	0.2944	0.0438	get 0.0219% / 4h	2h 18m	$7.3M	$7.8M	50x

Funding history

latest

Range statsloading…

Gate against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now −0.112%Rate

Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 5 min ago.

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	3.58 bp	30.7 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.07 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit

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	0.2948	+0.044%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2947	+0.015%	$33K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2943	−0.132%	$10.5M	$65.8M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2950	+0.126%	$29K	$137K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2949	+0.085%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2949	+0.068%	$20K	$379K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2944	−0.112%	$587K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0240%	4h	0.2945	−0.061%	$5.5M	$9.6M	12x	as long as short
Aevo USELESS-PERP	+0.0240%	1h	0.2951	+0.144%	$11K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0437%	1h	0.2937	−0.333%	$42K	$699K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDTshort	+0.0438%	4h	0.2944	−0.112%	$7.3M	$7.8M	50x
Bitget USELESSUSDTlong	+0.0542%	4h	0.2947	long leg	$5.6M	$8.7M	20x
MEXC USELESS_USDT	+0.0660%	4h	0.2949	+0.085%	$10.5M	$5.9M	50x	as long as short
Extended USELESS-USD	+0.0664%	1h	0.2946	−0.031%	$310K	$967K	5x	as long as short
Binance USELESSUSDT	+0.0665%	4h	0.2946	−0.020%	$25.4M	$109.3M	50x	as long as short
edgeX USELESSUSDC	+0.0668%	4h	0.2939	−0.270%	$22K	$190K	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1185%	4h	0.2950	+0.126%	$22K	$1.4M	10x	as long as short
Bybit USELESSUSDT	+0.1263%	4h	0.2946	−0.024%	$29.7M	$42.6M	13x	as long as short
BingX USELESS-USDT	+0.1272%	4h	0.2945	−0.064%	—	$4.9M	—	as long as short
Variational Omni USELESS	+0.1314%	4h	0.2942	−0.163%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1401%	4h	0.2950	+0.126%	$682K	$2.1M	10x	as long as short
Hyperliquid USELESS	+0.1612%	1h	0.2955	+0.278%	$15.1M	$19.6M	3x	as long as short
BloFin USELESS-USDT	+0.1622%	4h	0.2953	+0.217%	$1.3M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3113	+5.623%	$5K	$10K	5.5x	as long as short