Funding you earn now, next payment 00:00 UTC−0.0811%/8h= −88.8% APRpaid last 24h −0.096%
Price spread now: Extended against BloFin−0.381%94s7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as 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−$1241.236% of the position
Funding, last 7 days−0.525%−$52 on $10k
+Price spread, last 3 days (all we have)+0.605%+$61 · spread now −0.381%, 7d avg −0.057%
=Together, before fees+0.080%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Extended is 0.324% cheaper against BloFin than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.057%). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.525% in total (about -27.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin USELESS-USDT | 0.2824 | 0.1323 | pay 0.0661% / 4h | 27m 37s | $1.2M | $2.0M | 12x |
| Short | Extended USELESS-USD | 0.2814 | 0.0512 | get 0.0064% / 1h | 27m 37s | $297K | $966K | 5x |
BloFin USELESS-USDT
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$170.3
- Price spread: −0.381% → −0.057%
- −$32.45
- Slippage, 4 orders
- −$106.6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$326.34
- Costs to cover
- 1.236%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Extended: live order book, 51 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, 5 min ago | 0.53 bp | 9.9 bp −$10 | 30.7 bp −$307 | doesn't fit | doesn't fit |
| Sell Extended live order book, 51 min ago | 7.80 bp | 22.0 bp −$22 | 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 | 0.2814 | −0.372% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2814 | −0.386% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2816 | −0.308% | $9.9M | $66.5M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2814 | −0.375% | $35K | $158K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2824 | −0.028% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2817 | −0.273% | $19K | $496K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2805 | −0.694% | $569K | $1.2M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0147% | 1h | 0.2815 | −0.336% | $39K | $702K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2817 | −0.253% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0240% | 4h | 0.2811 | −0.489% | $5.2M | $10.0M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
ApeX Omni USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0328% | 4h | 0.2815 | −0.351% | $5.3M | $9.4M | 20x | as long as short |
| Gate USELESS_USDT | +0.0360% | 4h | 0.2812 | −0.457% | $7.0M | $8.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0497% | 4h | 0.2823 | −0.067% | $21K | $191K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0508% | 4h | 0.2814 | −0.365% | $10.4M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0510% | 4h | 0.2814 | −0.362% | $23.7M | $116.1M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0512% | 1h | 0.2814 | −0.381% | $297K | $966K | 5x | |
| BingX USELESS-USDT | +0.0960% | 4h | 0.2816 | −0.312% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.0985% | 4h | 0.2818 | −0.227% | $27.8M | $45.7M | 13x | as long as short |
| Aster USELESSUSDT | +0.1097% | 4h | 0.2816 | −0.303% | $647K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1185% | 4h | 0.2823 | −0.068% | $1.2M | $1.8M | — | as long as short |
| BloFin USELESS-USDTlong | +0.1323% | 4h | 0.2824 | long leg | $1.2M | $2.0M | 12x | |
| Orderly PERP_USELESS_USDC | +0.1326% | 4h | 0.2818 | −0.248% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1539% | 1h | 0.2818 | −0.248% | $14.0M | $21.0M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2985 | +5.668% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
Gate USELESS_USDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Aster USELESSUSDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP