USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.61 per $10,000 · paid last 24h +0.106%

Price spread now: MEXC against Gate+0.121%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1641.643% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.121%, 7d avg +0.108%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.108%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USELESS_USDT	0.2811	0.0386	pay 0.0193% / 4h	33m 05s	$7.0M	$8.3M	50x
Short	MEXC USELESS_USDT	0.2815	0.0508	get 0.0254% / 4h	33m 05s	$10.4M	$6.0M	50x

Funding history

latest

Range statsloading…

MEXC against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee GatebpFee MEXCbpOrdersPrice spread, now +0.121%Rate

Slippage from Gate: live order book, just now; MEXC: live order book, 5 min ago.

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, just now	8.90 bp	80.4 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.71 bp	9.9 bp −$10	42.9 bp −$429	148.6 bp −$14.9K	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	0.2813	+0.050%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2819	+0.267%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2812	+0.018%	$9.9M	$66.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2818	+0.235%	$34K	$156K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2820	+0.324%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2814	+0.114%	$19K	$495K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2813	+0.050%	$569K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2814	+0.116%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0235%	1h	0.2810	−0.043%	$39K	$701K	25x	as long as short
KuCoin USELESSUSDTM	+0.0282%	4h	0.2816	+0.181%	$5.2M	$10.0M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0340%	4h	0.2816	+0.171%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDTlong	+0.0386%	4h	0.2811	long leg	$7.0M	$8.3M	50x
edgeX USELESSUSDC	+0.0506%	4h	0.2813	+0.058%	$21K	$192K	10x	as long as short
MEXC USELESS_USDTshort	+0.0508%	4h	0.2815	+0.121%	$10.4M	$6.0M	50x
Binance USELESSUSDT	+0.0512%	4h	0.2815	+0.125%	$23.7M	$116.0M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2817	+0.209%	$297K	$966K	5x	as long as short
BingX USELESS-USDT	+0.1040%	4h	0.2815	+0.121%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1057%	4h	0.2813	+0.068%	$27.7M	$45.7M	13x	as long as short
Aster USELESSUSDT	+0.1112%	4h	0.2813	+0.058%	$647K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1218%	4h	0.2814	+0.115%	$1.2M	$1.8M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1344%	4h	0.2818	+0.253%	$22K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.1381%	4h	0.2821	+0.338%	$1.2M	$2.0M	12x	as long as short
Hyperliquid USELESS	+0.1533%	1h	0.2818	+0.238%	$14.0M	$21.0M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2995	+6.535%	$5K	$9K	5.5x	as long as short