USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0649%/8h= −71.0% APRnext payment −$3.24 per $10,000 · paid last 24h −0.013%

Price spread now: Binance against Bybit+0.019%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$780.779% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.019%, 7d avg +0.034%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.24 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	Bybit USELESSUSDT	0.2935	0.1331	pay 0.0666% / 4h	2h 40m	$29.5M	$42.6M	13x
Short	Binance USELESSUSDT	0.2935	0.0683	get 0.0341% / 4h	2h 40m	$25.3M	$109.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.019%Rate

Funding earned: −$136.21
Price spread: +0.019% → +0.034%: −$1.46
Slippage, 4 orders: −$56.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$215.61
Costs to cover: 0.779%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: 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 Bybit live order book, 4 min ago	2.56 bp	26.6 bp −$27	114.4 bp −$1,144	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.51 bp	14.2 bp −$14	59.5 bp −$595	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	0.2931	−0.109%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2927	−0.271%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2934	−0.031%	$10.4M	$65.6M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2935	+0.014%	$29K	$135K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2936	+0.055%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2916	−0.630%	$20K	$377K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2921	−0.453%	$581K	$1.3M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0117%	1h	0.2931	−0.123%	$42K	$697K	25x	as long as short
KuCoin USELESSUSDTM	+0.0158%	4h	0.2931	−0.119%	$5.5M	$9.6M	12x	as long as short
Aevo USELESS-PERP	+0.0240%	1h	0.2933	−0.040%	$11K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0318%	4h	0.2940	+0.187%	$7.3M	$7.7M	50x	as long as short
Bitget USELESSUSDT	+0.0544%	4h	0.2933	−0.041%	$5.6M	$8.7M	20x	as long as short
edgeX USELESSUSDC	+0.0674%	4h	0.2935	+0.021%	$22K	$190K	10x	as long as short
Extended USELESS-USD	+0.0680%	1h	0.2935	+0.011%	$308K	$967K	5x	as long as short
MEXC USELESS_USDT	+0.0682%	4h	0.2935	+0.020%	$10.4M	$5.8M	50x	as long as short
Binance USELESSUSDTshort	+0.0683%	4h	0.2935	+0.019%	$25.3M	$109.0M	50x
Orderly PERP_USELESS_USDC	+0.1136%	4h	0.2933	−0.051%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1260%	4h	0.2929	−0.207%	$1.2M	$1.7M	—	as long as short
Bybit USELESSUSDTlong	+0.1331%	4h	0.2935	long leg	$29.5M	$42.6M	13x
BingX USELESS-USDT	+0.1344%	4h	0.2935	+0.010%	—	$4.9M	—	as long as short
Aster USELESSUSDT	+0.1349%	4h	0.2932	−0.093%	$676K	$2.1M	10x	as long as short
Hyperliquid USELESS	+0.1556%	1h	0.2939	+0.160%	$15.0M	$19.6M	3x	as long as short
BloFin USELESS-USDT	+0.1759%	4h	0.2929	−0.174%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3104	+5.786%	$5K	$10K	5.5x	as long as short