USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0398%/8h= +43.6% APRnext payment +$1.99 per $10,000 · paid last 24h +0.062%

Price spread now: Bitget against Gate+0.185%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1661.661% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.185%, 7d avg +0.095%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bitget is 0.090% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.095%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.99 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	0.2540	0.0100	pay 0.0050% / 4h	57m 41s	$6.4M	$8.5M	50x
Short	Bitget USELESSUSDT	0.2545	0.0498	get 0.0249% / 4h	57m 41s	$4.9M	$10.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.185%Rate

Funding earned: $83.58
Price spread: +0.185% → +0.095%: $9.04
Slippage, 4 orders: −$139.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$73.52
Costs to cover: 1.661%
Break-even: 13.2 days

Slippage from Gate: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	10.03 bp	59.3 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.32 bp	33.5 bp −$33	doesn't fit	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	0.2542	+0.067%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2546	+0.250%	$11.6M	$22.6M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2544	+0.150%	$28K	$70K	3x	as long as short
Gate USELESS_USDTlong	+0.0100%	4h	0.2540	long leg	$6.4M	$8.5M	50x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2570	+1.177%	$36K	$219K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2546	+0.224%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2552	+0.484%	$17K	$516K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2543	+0.114%	$557K	$1.1M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0161%	1h	0.2551	+0.429%	$33K	$698K	25x	as long as short
OKX USELESS-USDT-SWAP	+0.0213%	4h	0.2539	−0.047%	$8.8M	$62.1M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0224%	1h	0.2550	+0.393%	$9K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0252%	4h	0.2545	+0.197%	$4.6M	$10.6M	12x	as long as short
Bitget USELESSUSDTshort	+0.0498%	4h	0.2545	+0.185%	$4.9M	$10.4M	20x
MEXC USELESS_USDT	+0.0558%	4h	0.2540	+0.012%	$10.1M	$6.1M	50x	as long as short
Binance USELESSUSDT	+0.0558%	4h	0.2541	+0.054%	$21.4M	$122.4M	50x	as long as short
Extended USELESS-USD	+0.0560%	1h	0.2537	−0.105%	$112K	$1.2M	5x	as long as short
edgeX USELESSUSDC	+0.0568%	4h	0.2553	+0.515%	$19K	$196K	10x	as long as short
Aster USELESSUSDT	+0.0726%	4h	0.2543	+0.133%	$504K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0804%	4h	0.2533	−0.280%	$24.3M	$48.5M	13x	as long as short
BingX USELESS-USDT	+0.0860%	4h	0.2546	+0.236%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0941%	4h	0.2549	+0.348%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1075%	4h	0.2559	+0.732%	$1.2M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1359%	4h	0.2547	+0.256%	$19K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2710	+6.701%	$5K	$11K	5.5x	as long as short