USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0374%/8h= +41.0% APRnext payment +$1.87 per $10,000 · paid last 24h +0.141%

Price spread now: BingX against Gate+0.137%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1741.740% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$23 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.137%, 7d avg +0.096%

Together, before fees+0.152%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BingX is 0.041% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.096%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.235% in total (about 12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.87 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	0.2559	0.0210	pay 0.0105% / 4h	31m 49s	$6.4M	$8.7M	50x
Short	BingX USELESS-USDT	0.2563	0.0584	get 0.0292% / 4h	31m 49s	—	$5.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.137%Rate

Funding earned: $78.54
Price spread: +0.137% → +0.096%: $4.12
Slippage, 4 orders: −$149
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$91.34
Costs to cover: 1.740%
Break-even: 15.1 days

Slippage from Gate: live order book, 2 min ago; BingX: 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 Gate live order book, 2 min ago	6.44 bp	68.7 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	3.72 bp	22.2 bp −$22	76.4 bp −$764	338.0 bp −$33.8K	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	0.2560	+0.004%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2563	+0.129%	$11.4M	$22.8M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2568	+0.344%	$28K	$70K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2565	+0.211%	$34K	$221K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2563	+0.129%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2557	−0.082%	$17K	$520K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2563	+0.145%	$575K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2560	+0.025%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0209%	4h	0.2560	+0.016%	$8.9M	$62.9M	10x	as long as short
Gate USELESS_USDTlong	+0.0210%	4h	0.2559	long leg	$6.4M	$8.7M	50x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0240%	4h	0.2560	+0.035%	$4.6M	$10.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0285%	1h	0.2553	−0.250%	$33K	$697K	25x	as long as short
Bitget USELESSUSDT	+0.0368%	4h	0.2562	+0.117%	$4.9M	$10.4M	20x	as long as short
edgeX USELESSUSDC	+0.0458%	4h	0.2553	−0.246%	$19K	$196K	10x	as long as short
Extended USELESS-USD	+0.0464%	1h	0.2562	+0.092%	$113K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0464%	4h	0.2563	+0.129%	$10.3M	$6.2M	50x	as long as short
Binance USELESSUSDT	+0.0465%	4h	0.2563	+0.138%	$21.4M	$123.4M	50x	as long as short
Aster USELESSUSDT	+0.0515%	4h	0.2563	+0.145%	$508K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0557%	4h	0.2562	+0.121%	$24.6M	$48.7M	13x	as long as short
BingX USELESS-USDTshort	+0.0584%	4h	0.2563	+0.137%	—	$5.3M	—
Variational Omni USELESS	+0.0751%	4h	0.2540	−0.746%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0804%	4h	0.2565	+0.199%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1324%	4h	0.2564	+0.184%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2704	+5.658%	$5K	$11K	5.5x	as long as short