USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0429%/8h= +46.9% APRnext payment +$2.14 per $10,000 · paid last 24h +0.076%

Price spread now: BloFin against Bybit+0.037%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$680.681% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.528%+$53 on $10k

Price spread, last 3 days (all we have)−0.293%−$29 · spread now +0.037%, 7d avg +0.042%

Together, before fees+0.234%+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$13 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	0.2726	0.1333	pay 0.0666% / 4h	1h 11m	$27.3M	$44.8M	13x
Short	BloFin USELESS-USDT	0.2727	0.1762	get 0.0881% / 4h	1h 11m	$1.1M	$1.9M	12x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BybitbpFee BloFinbpOrdersPrice spread, now +0.037%Rate

Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 2 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	0.18 bp	16.9 bp −$17	45.3 bp −$453	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	3.11 bp	17.6 bp −$18	34.9 bp −$349	doesn't fit	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	0.2725	−0.033%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2728	+0.098%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2722	−0.110%	$9.5M	$63.1M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2723	−0.099%	$26K	$147K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2725	−0.033%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2724	−0.051%	$18K	$489K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2721	−0.161%	$557K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0197%	1h	0.2729	+0.128%	$38K	$700K	25x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2729	+0.118%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0330%	4h	0.2724	−0.040%	$5.1M	$9.9M	12x	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	+0.0332%	4h	0.2723	−0.081%	$6.8M	$8.1M	50x	as long as short
Bitget USELESSUSDT	+0.0470%	4h	0.2724	−0.059%	$5.2M	$9.1M	20x	as long as short
edgeX USELESSUSDC	+0.0474%	4h	0.2735	+0.365%	$20K	$190K	10x	as long as short
Binance USELESSUSDT	+0.0485%	4h	0.2724	−0.040%	$23.0M	$114.1M	50x	as long as short
MEXC USELESS_USDT	+0.0486%	4h	0.2724	−0.048%	$9.9M	$5.9M	50x	as long as short
Extended USELESS-USD	+0.0488%	1h	0.2724	−0.044%	$287K	$966K	5x	as long as short
Hyperliquid USELESS	+0.0841%	1h	0.2726	+0.007%	$13.3M	$20.6M	3x	as long as short
Aster USELESSUSDT	+0.1103%	4h	0.2726	+0.022%	$638K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1286%	4h	0.2727	+0.048%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1296%	4h	0.2725	−0.033%	—	$5.0M	—	as long as short
Bybit USELESSUSDTlong	+0.1333%	4h	0.2726	long leg	$27.3M	$44.8M	13x
Variational Omni USELESS	+0.1492%	4h	0.2726	0.000%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDTshort	+0.1762%	4h	0.2727	+0.037%	$1.1M	$1.9M	12x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2894	+6.197%	$5K	$9K	5.5x	as long as short