Funding you earn now, next payment 00:00 UTC+0.1001%/8h= +109.6% APRnext payment +$5.00 per $10,000 · paid last 24h +0.194%
Price spread now: BloFin against Gate+0.039%78s7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1551.549% of the position
Funding, last 7 days+0.701%+$70 on $10k
+Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.039%, 7d avg +0.145%
=Funding pays, the price is against you. BloFin is 0.106% cheaper against Gate than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.145%). If the spread goes back, that is −$11 on $10k: about 8 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.701% in total) that is about 25 hours. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USELESS_USDT | 0.2813 | 0.0394 | pay 0.0197% / 4h | 33m 54s | $7.0M | $8.3M | 50x |
| Short | BloFin USELESS-USDT | 0.2815 | 0.1395 | get 0.0697% / 4h | 33m 54s | $1.2M | $2.0M | 12x |
Gate USELESS_USDT
BloFin USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $210.11
- Price spread: +0.039% → +0.145%
- −$10.59
- Slippage, 4 orders
- −$127.88
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $44.65
- Costs to cover
- 1.549%
- Break-even
- 5.5 days
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 4 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, 5 min ago | 9.40 bp | 74.0 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.42 bp | 10.2 bp −$10 | 31.7 bp −$317 | 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 | 0.2820 | +0.224% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2814 | +0.025% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2816 | +0.103% | $9.9M | $66.4M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2817 | +0.139% | $34K | $156K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2818 | +0.160% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2812 | −0.068% | $18K | $495K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2817 | +0.114% | $570K | $1.2M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0194% | 1h | 0.2804 | −0.338% | $39K | $700K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2821 | +0.258% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0288% | 4h | 0.2816 | +0.100% | $5.2M | $10.0M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
ApeX Omni USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0346% | 4h | 0.2819 | +0.213% | $5.3M | $9.4M | 20x | as long as short |
| Gate USELESS_USDTlong | +0.0394% | 4h | 0.2813 | long leg | $7.0M | $8.3M | 50x | |
| edgeX USELESSUSDC | +0.0506% | 4h | 0.2813 | −0.023% | $21K | $192K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0508% | 4h | 0.2820 | +0.235% | $10.4M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0510% | 4h | 0.2819 | +0.211% | $23.7M | $116.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0512% | 1h | 0.2817 | +0.125% | $297K | $966K | 5x | as long as short |
| BingX USELESS-USDT | +0.1040% | 4h | 0.2820 | +0.220% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1062% | 4h | 0.2820 | +0.231% | $27.8M | $45.7M | 13x | as long as short |
| Aster USELESSUSDT | +0.1107% | 4h | 0.2813 | −0.028% | $647K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1218% | 4h | 0.2814 | +0.033% | $1.2M | $1.8M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1341% | 4h | 0.2820 | +0.231% | $22K | $1.4M | 10x | as long as short |
| BloFin USELESS-USDTshort | +0.1395% | 4h | 0.2815 | +0.039% | $1.2M | $2.0M | 12x | |
| Hyperliquid USELESS | +0.1537% | 1h | 0.2823 | +0.338% | $14.0M | $21.0M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2995 | +6.447% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
BingX USELESS-USDT
Bybit USELESSUSDT
Aster USELESSUSDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP