USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0397%/8h= −43.5% APRnext payment −$1.99 per $10,000 · paid last 24h −0.151%

Price spread now: Bitget against BloFin−1.061%115s7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as 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−$1191.186% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.672%−$67 on $10k

Price spread, last 3 days (all we have)+1.130%+$113 · spread now −1.061%, 7d avg −0.068%

Together, before fees+0.458%+$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.993% cheaper against BloFin than usual: you would sell low and buy high (−$99 if the spread goes back to its 7-day average of −0.068%). Swap the legs. The two prices were read 115 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	0.2836	0.0983	pay 0.0492% / 4h	2h 55m	$1.2M	$2.1M	12x
Short	Bitget USELESSUSDT	0.2806	0.0586	get 0.0293% / 4h	2h 55m	$5.4M	$9.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −1.061%Rate

Funding earned: −$83.39
Price spread: −1.061% → −0.068%: −$99.33
Slippage, 4 orders: −$94.63
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$301.34
Costs to cover: 1.186%
Break-even: never at this rate

Slippage from BloFin: live order book, 8 min ago; Bitget: 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, 8 min ago	2.43 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	5.77 bp	35.5 bp −$36	doesn't fit	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	0.2817	−0.677%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2818	−0.632%	$31K	$69K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2812	−0.878%	$9.9M	$66.7M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2809	−0.980%	$7.1M	$8.3M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2834	−0.085%	$39K	$698K	25x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2818	−0.635%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2821	−0.554%	$18K	$514K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2813	−0.836%	$594K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0120%	4h	0.2813	−0.814%	$5.2M	$10.2M	12x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2811	−0.894%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps USELESS-USD	+0.0390%	1h	0.2814	−0.783%	$45K	$183K	3x	as long as short
Binance USELESSUSDT	+0.0488%	4h	0.2808	−0.996%	$23.7M	$117.4M	50x	as long as short
edgeX USELESSUSDC	+0.0488%	4h	0.2844	+0.284%	$21K	$193K	10x	as long as short
MEXC USELESS_USDT	+0.0492%	4h	0.2811	−0.913%	$11.0M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0496%	1h	0.2821	−0.557%	$297K	$1.2M	5x	as long as short
Bitget USELESSUSDTshort	+0.0586%	4h	0.2806	−1.061%	$5.4M	$9.9M	20x
BingX USELESS-USDT	+0.0692%	4h	0.2808	−0.987%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0829%	4h	0.2809	−0.959%	$27.4M	$46.6M	13x	as long as short
Hyperliquid USELESS	+0.0844%	1h	0.2816	−0.709%	$14.1M	$21.1M	3x	as long as short
Variational Omni USELESS	+0.0962%	4h	0.2815	−0.768%	$1.2M	$1.7M	—	as long as short
BloFin USELESS-USDTlong	+0.0983%	4h	0.2836	long leg	$1.2M	$2.1M	12x
Aster USELESSUSDT	+0.1039%	4h	0.2816	−0.719%	$648K	$2.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1244%	4h	0.2811	−0.899%	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2975	+4.886%	$5K	$9K	5.5x	as long as short