USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0431%/8h= −47.2% APRnext payment −$2.15 per $10,000 · paid last 24h −0.103%

Price spread now: Binance against BloFin−1.793%71s7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.707% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.581%−$58 on $10k

Price spread, last 4 days (all we have)+2.016%+$202 · spread now −1.793%, 7d avg +0.005%

Together, before fees+1.434%+$143 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Binance is 1.798% cheaper against BloFin than usual: you would sell low and buy high (−$180 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin USELESS-USDT	0.2694	0.0654	pay 0.0327% / 4h	2h 39m	$1.1M	$2.0M	12x
Short	Binance USELESSUSDT	0.2646	0.0223	get 0.0112% / 4h	2h 39m	$22.0M	$122.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −1.793%Rate

Funding earned: −$90.48
Price spread: −1.793% → +0.005%: −$179.78
Slippage, 4 orders: −$48.69
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$340.95
Costs to cover: 0.707%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Binance: 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 BloFin live order book, 3 min ago	2.41 bp	16.2 bp −$16	32.5 bp −$325	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.56 bp	16.6 bp −$17	63.2 bp −$632	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	0.2655	−1.440%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2648	−1.689%	$11.5M	$22.9M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2647	−1.747%	$519K	$2.3M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2657	−1.382%	$29K	$18K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2665	−1.091%	$26K	$245K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2658	−1.336%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2657	−1.355%	$18K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2657	−1.366%	$630K	$1.1M	20x	as long as short
Bitget USELESSUSDT	+0.0108%	4h	0.2642	−1.927%	$5.1M	$10.4M	20x	as long as short
KuCoin USELESSUSDTM	+0.0126%	4h	0.2656	−1.414%	$4.8M	$10.6M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0136%	1h	0.2670	−0.897%	$10K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0144%	4h	0.2647	−1.741%	$9.1M	$64.5M	10x	as long as short
edgeX USELESSUSDC	+0.0216%	4h	0.2691	−0.098%	$20K	$195K	10x	as long as short
Binance USELESSUSDTshort	+0.0223%	4h	0.2646	−1.793%	$22.0M	$122.0M	50x
Extended USELESS-USD	+0.0224%	1h	0.2665	−1.075%	$113K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0226%	4h	0.2652	−1.570%	$10.7M	$6.0M	50x	as long as short
Bybit USELESSUSDT	+0.0379%	4h	0.2646	−1.782%	$25.0M	$48.5M	13x	as long as short
BingX USELESS-USDT	+0.0390%	4h	0.2648	−1.708%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0513%	4h	0.2699	+0.194%	$1.1M	$1.8M	—	as long as short
Gate USELESS_USDT	+0.0618%	4h	0.2647	−1.752%	$6.6M	$8.6M	50x	as long as short
BloFin USELESS-USDTlong	+0.0654%	4h	0.2694	long leg	$1.1M	$2.0M	12x
ApeX Omni USELESSUSDT	+0.0832%	1h	0.2687	−0.256%	$47K	$698K	25x	as long as short
Orderly PERP_USELESS_USDC	+0.1203%	4h	0.2667	−1.013%	$20K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2826	+4.911%	$5K	$11K	5.5x	as long as short