USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0491%/8h= −53.8% APRnext payment −$2.45 per $10,000 · paid last 24h −0.068%

Price spread now: BingX against BloFin+0.141%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.494%−$49 on $10k

Price spread, last 3 days (all we have)+0.299%+$30 · spread now +0.141%, 7d avg −0.043%

Together, before fees−0.195%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.184% dearer against BloFin than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of −0.043%): +$18 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.494% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin USELESS-USDT	0.2900	0.1885	pay 0.0942% / 4h	2h 48m	$1.3M	$2.0M	12x
Short	BingX USELESS-USDT	0.2904	0.1394	get 0.0697% / 4h	2h 48m	—	$4.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.141%Rate

Funding earned: −$103.08
Price spread: +0.141% → −0.043%: $18.43
Slippage, 4 orders: −$52.61
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$159.26
Costs to cover: 0.746%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; BingX: live order book, 1 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, 4 min ago	8.33 bp	22.3 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	1.72 bp	13.8 bp −$14	56.6 bp −$566	297.2 bp −$29.7K	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
ApeX Omni USELESSUSDT	+0.0032%	1h	0.2875	−0.855%	$41K	$697K	25x	as long as short
Lighter USELESS	+0.0096%	1h	0.2897	−0.093%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2900	0.000%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2905	+0.169%	$10.3M	$65.0M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2902	+0.083%	$28K	$135K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2899	−0.034%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2900	+0.017%	$20K	$376K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2894	−0.200%	$575K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0132%	4h	0.2898	−0.062%	$5.4M	$9.6M	12x	as long as short
Gate USELESS_USDT	+0.0208%	4h	0.2895	−0.159%	$7.2M	$7.7M	50x	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	+0.0240%	1h	0.2899	−0.012%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0566%	4h	0.2899	−0.014%	$5.5M	$8.7M	20x	as long as short
MEXC USELESS_USDT	+0.0660%	4h	0.2902	+0.069%	$21.3M	$5.8M	50x	as long as short
Binance USELESSUSDT	+0.0672%	4h	0.2900	+0.015%	$25.1M	$109.5M	50x	as long as short
Extended USELESS-USD	+0.0672%	1h	0.2900	+0.017%	$305K	$967K	5x	as long as short
edgeX USELESSUSDC	+0.0693%	4h	0.2894	−0.209%	$22K	$189K	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1114%	4h	0.2899	−0.014%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1192%	4h	0.2881	−0.651%	$1.1M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1321%	4h	0.2895	−0.164%	$668K	$2.2M	10x	as long as short
Bybit USELESSUSDT	+0.1381%	4h	0.2906	+0.224%	$29.2M	$42.7M	13x	as long as short
BingX USELESS-USDTshort	+0.1394%	4h	0.2904	+0.141%	—	$4.9M	—
Hyperliquid USELESS	+0.1447%	1h	0.2902	+0.086%	$14.8M	$19.6M	3x	as long as short
BloFin USELESS-USDTlong	+0.1885%	4h	0.2900	long leg	$1.3M	$2.0M	12x
Injective USELESS/USDC PERP	+0.5000%	1h	0.3071	+5.921%	$5K	$10K	5.5x	as long as short