USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1065%/8h= −116.6% APRnext payment −$5.32 per $10,000 · paid last 24h −0.214%

Price spread now: OKX against BloFin−0.018%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.767%−$77 on $10k

Price spread, last 4 days (all we have)+0.705%+$71 · spread now −0.018%, 7d avg −0.083%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.064% dearer against BloFin than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.083%): +$6 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.767% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin USELESS-USDT	0.2722	0.1267	pay 0.0633% / 4h	1h 15m	$1.2M	$2.0M	12x
Short	OKX USELESS-USDT-SWAP	0.2722	0.0202	get 0.0101% / 4h	1h 15m	$9.6M	$64.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$223.61
Price spread: −0.018% → −0.083%: $6.44
Slippage, 4 orders: −$47.71
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$286.87
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; OKX: live order book, 4 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	0.36 bp	18.2 bp −$18	37.3 bp −$373	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.73 bp	22.0 bp −$22	115.7 bp −$1,157	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	0.2721	−0.033%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2728	+0.206%	$30K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2714	−0.287%	$6.8M	$8.6M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2726	+0.154%	$39K	$216K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2729	+0.268%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2719	−0.118%	$18K	$512K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2716	−0.235%	$600K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAPshort	+0.0202%	4h	0.2722	−0.018%	$9.6M	$64.1M	10x
Aevo USELESS-PERP	+0.0232%	1h	0.2731	+0.332%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0270%	1h	0.2742	+0.735%	$38K	$695K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0272%	4h	0.2718	−0.147%	$5.0M	$10.4M	12x	as long as short
Bitget USELESSUSDT	+0.0544%	4h	0.2723	+0.029%	$5.3M	$10.0M	20x	as long as short
edgeX USELESSUSDC	+0.0602%	4h	0.2743	+0.755%	$20K	$196K	10x	as long as short
Binance USELESSUSDT	+0.0616%	4h	0.2721	−0.040%	$23.1M	$118.3M	50x	as long as short
Extended USELESS-USD	+0.0616%	1h	0.2717	−0.175%	$287K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0618%	4h	0.2720	−0.070%	$10.8M	$6.0M	50x	as long as short
Hyperliquid USELESS	+0.0668%	1h	0.2723	+0.044%	$13.3M	$21.1M	3x	as long as short
BingX USELESS-USDT	+0.0934%	4h	0.2720	−0.092%	—	$5.2M	—	as long as short
Bybit USELESSUSDT	+0.0952%	4h	0.2718	−0.151%	$26.2M	$46.6M	13x	as long as short
Variational Omni USELESS	+0.1001%	4h	0.2743	+0.757%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1038%	4h	0.2720	−0.092%	$572K	$2.3M	10x	as long as short
BloFin USELESS-USDTlong	+0.1267%	4h	0.2722	long leg	$1.2M	$2.0M	12x
Orderly PERP_USELESS_USDC	+0.1393%	4h	0.2722	−0.011%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2904	+6.701%	$5K	$9K	5.5x	as long as short