Funding you earn now, next payment 00:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.028%
Price spread now: Bitget against MEXC−0.112%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$780.776% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 7 days+0.147%+$15 · spread now −0.112%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.097% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USELESS_USDT | 0.2772 | 0.0518 | pay 0.0259% / 4h | 58m 22s | $10.1M | $5.9M | 50x |
| Short | Bitget USELESSUSDT | 0.2769 | 0.0438 | get 0.0219% / 4h | 58m 22s | $5.3M | $9.2M | 20x |
MEXC USELESS_USDT
Bitget USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. 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
- −$16.8
- Price spread: −0.112% → −0.015%
- −$9.72
- Slippage, 4 orders
- −$57.61
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$104.13
- Costs to cover
- 0.776%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 5 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 MEXC live order book, 5 min ago | 0.55 bp | 8.4 bp −$8 | 46.4 bp −$464 | 147.8 bp −$14.8K | 541.8 bp −$270.9K |
| Sell Bitget live order book, 5 min ago | 2.37 bp | 28.7 bp −$29 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Pacifica USELESS | +0.0100% | 1h | 0.2773 | +0.036% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2773 | +0.036% | $9.7M | $64.6M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2771 | −0.018% | $29K | $152K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2773 | +0.040% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2770 | −0.051% | $18K | $492K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2767 | −0.152% | $557K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2772 | +0.014% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0216% | 1h | 0.2731 | −1.468% | $38K | $701K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0328% | 4h | 0.2772 | −0.004% | $5.2M | $9.9M | 12x | as long as short |
| Lighter USELESS | +0.0336% | 1h | 0.2772 | +0.007% | $1.3M | $1.1M | 3x | as long as short |
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTM
Lighter USELESSShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0352% | 4h | 0.2769 | −0.108% | $6.9M | $8.2M | 50x | as long as short |
| Bitget USELESSUSDTshort | +0.0438% | 4h | 0.2769 | −0.112% | $5.3M | $9.2M | 20x | |
| edgeX USELESSUSDC | +0.0475% | 4h | 0.2740 | −1.141% | $20K | $192K | 10x | as long as short |
| MEXC USELESS_USDTlong | +0.0518% | 4h | 0.2772 | long leg | $10.1M | $5.9M | 50x | |
| Binance USELESSUSDT | +0.0520% | 4h | 0.2771 | −0.009% | $23.4M | $114.8M | 50x | as long as short |
| Extended USELESS-USD | +0.0520% | 1h | 0.2771 | −0.011% | $292K | $966K | 5x | as long as short |
| Aster USELESSUSDT | +0.1127% | 4h | 0.2775 | +0.132% | $638K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1254% | 4h | 0.2773 | +0.054% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1257% | 4h | 0.2772 | +0.029% | $27.6M | $45.2M | 13x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1314% | 4h | 0.2773 | +0.040% | $21K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1435% | 4h | 0.2748 | −0.867% | $1.2M | $1.7M | — | as long as short |
| Hyperliquid USELESS | +0.1437% | 1h | 0.2776 | +0.141% | $13.7M | $20.8M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1676% | 4h | 0.2773 | +0.061% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2932 | +5.780% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP