Funding you earn now, next payment 00:00 UTC+0.1278%/8h= +139.9% APRnext payment +$6.39 per $10,000 · paid last 24h +0.089%
Price spread now: BloFin against MEXC−0.011%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$460.464% of the position
Funding, last 7 days+0.551%+$55 on $10k
+Price spread, last 3 days (all we have)−0.279%−$28 · spread now −0.011%, 7d avg +0.009%
=Funding pays, the price is against you. BloFin is 0.020% cheaper against MEXC than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.009%). If the spread goes back, that is −$2 on $10k: about 1 hour of funding at the current rate (+$38 a day). At the pace of the last 7 days (+0.551% in total) that is about 6 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.551% in total (about 28.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.39 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 | MEXC USELESS_USDT | 0.2727 | 0.0484 | pay 0.0242% / 4h | 1h 10m | $9.9M | $5.9M | 50x |
| Short | BloFin USELESS-USDT | 0.2727 | 0.1762 | get 0.0881% / 4h | 1h 10m | $1.1M | $1.9M | 12x |
MEXC USELESS_USDT
BloFin USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $268.28
- Price spread: −0.011% → +0.009%
- −$2.01
- Slippage, 4 orders
- −$26.43
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $219.83
- Costs to cover
- 0.464%
- Break-even
- 1.3 days
Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 2 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, 2 min ago | 0.37 bp | 6.3 bp −$6 | 46.2 bp −$462 | 132.3 bp −$13.2K | doesn't fit |
| Sell BloFin live order book, 2 min ago | 3.11 bp | 17.6 bp −$18 | 34.9 bp −$349 | 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 | 0.2726 | −0.040% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2725 | −0.055% | $30K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2723 | −0.121% | $9.5M | $63.1M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2723 | −0.147% | $26K | $147K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2725 | −0.081% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2724 | −0.099% | $18K | $489K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2721 | −0.209% | $557K | $1.2M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0197% | 1h | 0.2729 | +0.081% | $38K | $700K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2729 | +0.070% | $10K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0322% | 4h | 0.2723 | −0.132% | $6.8M | $8.1M | 50x | 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
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0330% | 4h | 0.2725 | −0.062% | $5.1M | $9.9M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0464% | 4h | 0.2726 | −0.044% | $5.2M | $9.1M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0474% | 4h | 0.2735 | +0.317% | $20K | $190K | 10x | as long as short |
| Binance USELESSUSDT | +0.0478% | 4h | 0.2726 | −0.015% | $23.0M | $114.2M | 50x | as long as short |
| MEXC USELESS_USDTlong | +0.0484% | 4h | 0.2727 | long leg | $9.9M | $5.9M | 50x | |
| Extended USELESS-USD | +0.0488% | 1h | 0.2725 | −0.058% | $287K | $966K | 5x | as long as short |
| Hyperliquid USELESS | +0.0844% | 1h | 0.2728 | +0.033% | $13.3M | $20.6M | 3x | as long as short |
| Aster USELESSUSDT | +0.1094% | 4h | 0.2726 | −0.026% | $638K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1286% | 4h | 0.2727 | 0.000% | $21K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1296% | 4h | 0.2726 | −0.018% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1333% | 4h | 0.2726 | −0.048% | $27.3M | $44.8M | 13x | as long as short |
| Variational Omni USELESS | +0.1492% | 4h | 0.2726 | −0.047% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDTshort | +0.1762% | 4h | 0.2727 | −0.011% | $1.1M | $1.9M | 12x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2894 | +6.146% | $5K | $9K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Injective USELESS/USDC PERP