Funding you earn now, next payment 00:00 UTC−0.1278%/8h= −139.9% APRnext payment −$6.39 per $10,000 · paid last 24h −0.089%
Price spread now: MEXC against BloFin+0.022%64s7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as 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−$460.464% of the position
Funding, last 7 days−0.551%−$55 on $10k
+Price spread, last 3 days (all we have)+0.268%+$27 · spread now +0.022%, 7d avg −0.009%
=The price spread pays, funding is against you. MEXC is 0.031% dearer against BloFin than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.009%): +$3 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.551% in total) that is about 10 hours. The two prices were read 64 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 -0.551% in total (about -28.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.39 per $10,000. 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 | 0.2727 | 0.1762 | pay 0.0881% / 4h | 1h 10m | $1.1M | $1.9M | 12x |
| Short | MEXC USELESS_USDT | 0.2727 | 0.0484 | get 0.0242% / 4h | 1h 10m | $9.9M | $5.9M | 50x |
BloFin USELESS-USDT
MEXC USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$268.28
- Price spread: +0.022% → −0.009%
- $3.12
- Slippage, 4 orders
- −$26.43
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$311.59
- Costs to cover
- 0.464%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; MEXC: 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 | 3.11 bp | 14.0 bp −$14 | 31.9 bp −$319 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.37 bp | 8.6 bp −$9 | 43.7 bp −$437 | 125.2 bp −$12.5K | 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 | 0.2726 | −0.029% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2725 | −0.044% | $30K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2725 | −0.048% | $9.5M | $63.1M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2724 | −0.092% | $26K | $147K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2726 | −0.029% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2725 | −0.066% | $18K | $489K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2722 | −0.180% | $557K | $1.2M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0197% | 1h | 0.2729 | +0.092% | $38K | $700K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2728 | +0.072% | $10K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0322% | 4h | 0.2725 | −0.062% | $6.8M | $8.1M | 50x | 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
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0326% | 4h | 0.2724 | −0.088% | $5.1M | $9.9M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0464% | 4h | 0.2727 | +0.026% | $5.2M | $9.1M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0474% | 4h | 0.2735 | +0.328% | $20K | $190K | 10x | as long as short |
| Binance USELESSUSDT | +0.0478% | 4h | 0.2727 | +0.026% | $23.1M | $114.2M | 50x | as long as short |
| Extended USELESS-USD | +0.0480% | 1h | 0.2725 | −0.039% | $287K | $966K | 5x | as long as short |
| MEXC USELESS_USDTshort | +0.0484% | 4h | 0.2727 | +0.022% | $9.9M | $5.9M | 50x | |
| Hyperliquid USELESS | +0.0846% | 1h | 0.2729 | +0.105% | $13.3M | $20.7M | 3x | as long as short |
| Aster USELESSUSDT | +0.1094% | 4h | 0.2726 | −0.015% | $638K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1286% | 4h | 0.2727 | 0.000% | $21K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1296% | 4h | 0.2728 | +0.051% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1329% | 4h | 0.2726 | −0.004% | $27.3M | $44.8M | 13x | as long as short |
| Variational Omni USELESS | +0.1472% | 4h | 0.2725 | −0.067% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDTlong | +0.1762% | 4h | 0.2727 | long leg | $1.1M | $1.9M | 12x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2894 | +6.158% | $5K | $9K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Injective USELESS/USDC PERP