USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0162%/8h= +17.7% APRnext payment +$0.81 per $10,000 · paid last 24h +0.028%

Price spread now: MEXC against Bitget+0.057%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

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

costs, in and out, $10k−$730.732% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.057%, 7d avg +0.014%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and MEXC is 0.043% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USELESSUSDT	0.2817	0.0346	pay 0.0173% / 4h	33m 56s	$5.3M	$9.4M	20x
Short	MEXC USELESS_USDT	0.2819	0.0508	get 0.0254% / 4h	33m 56s	$10.4M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.057%Rate

Funding earned: $34.02
Price spread: +0.057% → +0.014%: $4.27
Slippage, 4 orders: −$53.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$34.86
Costs to cover: 0.732%
Break-even: 14.2 days

Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago	6.02 bp	31.9 bp −$32	122.0 bp −$1,220	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.71 bp	9.9 bp −$10	42.9 bp −$429	148.6 bp −$14.9K	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	0.2820	+0.089%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2814	−0.110%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2818	+0.028%	$9.9M	$66.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2817	+0.004%	$34K	$156K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2818	+0.025%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2812	−0.202%	$18K	$495K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2817	−0.021%	$570K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0194%	1h	0.2804	−0.472%	$39K	$700K	25x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2821	+0.123%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0288%	4h	0.2816	−0.057%	$5.2M	$10.0M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDTlong	+0.0346%	4h	0.2817	long leg	$5.3M	$9.4M	20x
Gate USELESS_USDT	+0.0394%	4h	0.2814	−0.106%	$7.0M	$8.3M	50x	as long as short
edgeX USELESSUSDC	+0.0506%	4h	0.2813	−0.158%	$21K	$192K	10x	as long as short
MEXC USELESS_USDTshort	+0.0508%	4h	0.2819	+0.057%	$10.4M	$6.0M	50x
Binance USELESSUSDT	+0.0510%	4h	0.2818	+0.011%	$23.7M	$116.0M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2817	−0.010%	$297K	$966K	5x	as long as short
BingX USELESS-USDT	+0.1040%	4h	0.2821	+0.121%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1062%	4h	0.2820	+0.089%	$27.8M	$45.7M	13x	as long as short
Aster USELESSUSDT	+0.1107%	4h	0.2816	−0.056%	$647K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1218%	4h	0.2814	−0.102%	$1.2M	$1.8M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1341%	4h	0.2820	+0.096%	$22K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.1395%	4h	0.2815	−0.096%	$1.2M	$2.0M	12x	as long as short
Hyperliquid USELESS	+0.1532%	1h	0.2826	+0.299%	$14.0M	$21.0M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2995	+6.304%	$5K	$9K	5.5x	as long as short