USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.20 per $10,000 · paid last 24h +0.009%

Price spread now: BingX against Bybit+0.031%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$790.787% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.031%, 7d avg +0.015%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USELESSUSDT	0.2928	0.1240	pay 0.0620% / 4h	2h 15m	$29.5M	$42.6M	13x
Short	BingX USELESS-USDT	0.2929	0.1200	get 0.0600% / 4h	2h 15m	—	$4.9M	—

Funding history

latest

Range statsloading…

BingX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now +0.031%Rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 4 min ago.

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, 3 min ago	1.53 bp	21.7 bp −$22	104.4 bp −$1,044	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	2.20 bp	18.9 bp −$19	73.1 bp −$731	378.6 bp −$37.9K	doesn't fit

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	0.2930	+0.048%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2931	+0.079%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2926	−0.072%	$10.5M	$65.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2930	+0.044%	$29K	$137K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2930	+0.072%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2923	−0.181%	$20K	$380K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2925	−0.116%	$584K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0240%	4h	0.2923	−0.184%	$5.4M	$9.6M	12x	as long as short
Aevo USELESS-PERP	+0.0240%	1h	0.2932	+0.133%	$11K	—	3x	as long as short
Gate USELESS_USDT	+0.0402%	4h	0.2926	−0.089%	$7.3M	$7.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0437%	1h	0.2937	+0.297%	$42K	$699K	25x	as long as short
Bitget USELESSUSDT	+0.0530%	4h	0.2929	+0.024%	$5.6M	$8.7M	20x	as long as short
edgeX USELESSUSDC	+0.0654%	4h	0.2953	+0.847%	$22K	$190K	10x	as long as short
MEXC USELESS_USDT	+0.0660%	4h	0.2929	+0.010%	$10.4M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0661%	4h	0.2930	+0.063%	$25.3M	$109.4M	50x	as long as short
Extended USELESS-USD	+0.0664%	1h	0.2930	+0.055%	$309K	$968K	5x	as long as short
Orderly PERP_USELESS_USDC	+0.1180%	4h	0.2930	+0.058%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDTshort	+0.1200%	4h	0.2929	+0.031%	—	$4.9M	—
Bybit USELESSUSDTlong	+0.1240%	4h	0.2928	long leg	$29.5M	$42.6M	13x
Variational Omni USELESS	+0.1314%	4h	0.2942	+0.467%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1395%	4h	0.2931	+0.085%	$677K	$2.1M	10x	as long as short
Hyperliquid USELESS	+0.1602%	1h	0.2933	+0.147%	$15.0M	$19.6M	3x	as long as short
BloFin USELESS-USDT	+0.1681%	4h	0.2928	−0.024%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3111	+6.229%	$5K	$10K	5.5x	as long as short