USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0456%/8h= +50.0% APRnext payment +$2.28 per $10,000 · paid last 24h +0.101%

Price spread now: Binance against Gate−0.092%7-day average +0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1391.391% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 7 days+0.196%+$20 · spread now −0.092%, 7d avg +0.110%

Together, before fees+0.352%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.202% cheaper against Gate than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of +0.110%). If the spread goes back, that is −$20 on $10k: about 35 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.157% in total) that is about 9.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.157% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.28 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	Gate USELESS_USDT	0.2816	0.0100	pay 0.0050% / 4h	2h 11m	$7.1M	$8.4M	50x
Short	Binance USELESSUSDT	0.2813	0.0556	get 0.0278% / 4h	2h 11m	$23.8M	$117.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.092%Rate

Funding earned: $95.8
Price spread: −0.092% → +0.110%: −$20.19
Slippage, 4 orders: −$114.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$63.44
Costs to cover: 1.391%
Break-even: 11.6 days

Slippage from Gate: live order book, 2 min ago; Binance: live order book, 2 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 Gate live order book, 2 min ago	5.85 bp	47.8 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.35 bp	21.0 bp −$21	77.0 bp −$770	doesn't fit	doesn't fit

USELESS on 23 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	0.2812	−0.124%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2821	+0.206%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2812	−0.128%	$9.9M	$66.1M	10x	as long as short
Gate USELESS_USDTlong	+0.0100%	4h	0.2816	long leg	$7.1M	$8.4M	50x
SunX USELESS-USDT	+0.0100%	4h	0.2822	+0.242%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2816	+0.004%	$18K	$503K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2812	−0.124%	$608K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0158%	4h	0.2813	−0.075%	$5.2M	$10.4M	12x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	0.2818	+0.087%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USD	+0.0443%	1h	0.2820	+0.149%	$28K	$202K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0542%	4h	0.2823	+0.277%	$21K	$195K	10x	as long as short
MEXC USELESS_USDT	+0.0556%	4h	0.2814	−0.064%	$11.0M	$6.0M	50x	as long as short
Binance USELESSUSDTshort	+0.0556%	4h	0.2813	−0.092%	$23.8M	$117.0M	50x
Extended USELESS-USD	+0.0560%	1h	0.2816	+0.014%	$302K	$1.1M	5x	as long as short
Bitget USELESSUSDT	+0.0580%	4h	0.2818	+0.078%	$5.4M	$9.8M	20x	as long as short
BingX USELESS-USDT	+0.0738%	4h	0.2816	+0.032%	—	$5.1M	—	as long as short
ApeX Omni USELESSUSDT	+0.0800%	1h	0.2823	+0.266%	$39K	$698K	25x	as long as short
Bybit USELESSUSDT	+0.0804%	4h	0.2814	−0.064%	$27.3M	$46.3M	13x	as long as short
Variational Omni USELESS	+0.0884%	4h	0.2819	+0.109%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1089%	4h	0.2821	+0.199%	$628K	$2.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1308%	4h	0.2818	+0.103%	$22K	$1.3M	10x	as long as short
Hyperliquid USELESS	+0.1313%	1h	0.2818	+0.082%	$14.0M	$20.7M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2989	+6.145%	$5K	$9K	5.5x	as long as short