Funding arb · Price arb / Crypto
USELESS
All USELESS markets →
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1677 | +0.0118 | pay 0.0059% / 4h | 1m 14s | $3.1M | $2.8M | 20x | Long Bitget | |
| SHORT | 0.1678 | +0.0100 | get 0.0013% / 1h | 1m 14s | $76K | $282K | 12x | Short TxFlow5% off |
Price gap+0.107%
Funding gap−0.0018% /8h
The gap pays +$20 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 36 days. At the last 7 days' pace that is about years.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0018% /8h now · paid −0.001% over the last 7D
Price+$20spread +0.107% now, avg −0.088% → +0.196% if it goes back
Costs−$870.865% of $10k · taker + slippage, in and out
Result−$67−0.67%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.107%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUSELESS on 29 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size24.3 / 24.7 bpAt $10k entering TxFlow costs 24.7 bp, fee and slippage, 1.0× Bitget’s.
- Note: Margin at max leverage$500 + $833Bitget 20x, TxFlow 12x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.54Long Bitget: 6 payments, −$3.54; short TxFlow: 24 payments, +$3.00.
- OK: Entry gap works for you+0.107% vs −0.088%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$76K vs $3.1M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCBitget Yes · TxFlow NoKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods−$0.08
Price spread+0.107% → −0.088% (7d avg)+$19.56
Slippage, 4 orderslive order books−$65.54
Fee Bitget bp × 2 orders−$12.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$67.06
Costs to cover0.865%Break-evennever at this rate
Slippage: Bitget: live order book, 10 min ago; TxFlow: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget3.9024.3 bp−$2462.2 bp−$622doesn’t fitdoesn’t fit
SELL · SHORTTxFlow0.3024.7 bp−$2586.2 bp−$862doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-02 16:07 | Lighter RH | Listing | New perp listing! You can now trade $USELESS on Lighter on Robinhood Chain at 3x leverage. @Lighter_xyz on X ↗ |
| 10-02 14:14 | Lighter RH | Listing | new market USELESS ($USELESS) seen by our collector |
| 10-01 10:34 | Avantis | Listing | new market USELESS/USD ($USELESS) seen by our collector |
| 09-25 05:25 | Arcus | Listing | $USELESS perpetuals are now live on Arcus. Up to 10x leverage. @arcus_xyz on X ↗ |
| 09-24 17:18 | Arcus | Listing | new market USELESS-USD ($USELESS) seen by our collector |
| 09-22 14:31 | Nado | Listing | new market USELESS-PERP ($USELESS) seen by our collector |
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