Funding you earn now, next payment 04:00 UTC−0.0482%/8h= −52.8% APRnext payment −$2.41 per $10,000 · paid last 24h −0.101%
Price spread now: Gate against MEXC−0.142%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1121.116% of the position
Funding, last 7 days−0.158%−$16 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now −0.142%, 7d avg −0.110%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Gate is 0.031% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.110%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.158% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.41 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 | 0.2755 | 0.0582 | pay 0.0291% / 4h | 1h 43m | $10.8M | $6.0M | 50x |
| Short | Gate USELESS_USDT | 0.2751 | 0.0100 | get 0.0050% / 4h | 1h 43m | $6.9M | $8.5M | 50x |
MEXC USELESS_USDT
Gate USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$101.22
- Price spread: −0.142% → −0.110%
- −$3.14
- Slippage, 4 orders
- −$88.58
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$215.94
- Costs to cover
- 1.116%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Gate: 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 | 1.46 bp | 9.6 bp −$10 | 45.4 bp −$454 | 151.1 bp −$15.1K | doesn't fit |
| Sell Gate live order book, 5 min ago | 7.47 bp | 47.0 bp −$47 | 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 | 0.2756 | +0.033% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2751 | −0.138% | $31K | $70K | 3x | as long as short |
| Gate USELESS_USDTshort | +0.0100% | 4h | 0.2751 | −0.142% | $6.9M | $8.5M | 50x | |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2741 | −0.497% | $38K | $693K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2753 | −0.073% | $33K | $210K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2756 | +0.058% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2755 | +0.025% | $18K | $506K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2746 | −0.305% | $603K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0133% | 4h | 0.2755 | 0.000% | $9.7M | $64.8M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0208% | 4h | 0.2755 | +0.007% | $5.1M | $10.4M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2757 | +0.091% | $10K | — | 3x | as long as short |
| Bitget USELESSUSDT | +0.0528% | 4h | 0.2754 | −0.022% | $5.3M | $9.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0567% | 4h | 0.2747 | −0.283% | $21K | $196K | 10x | as long as short |
| MEXC USELESS_USDTlong | +0.0582% | 4h | 0.2755 | long leg | $10.8M | $6.0M | 50x | |
| Extended USELESS-USD | +0.0600% | 1h | 0.2756 | +0.040% | $292K | $1.1M | 5x | as long as short |
| Binance USELESSUSDT | +0.0600% | 4h | 0.2756 | +0.036% | $23.3M | $118.0M | 50x | as long as short |
| Hyperliquid USELESS | +0.0757% | 1h | 0.2756 | +0.029% | $13.5M | $20.9M | 3x | as long as short |
| BingX USELESS-USDT | +0.0898% | 4h | 0.2755 | +0.011% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0907% | 4h | 0.2756 | +0.051% | $26.7M | $46.5M | 13x | as long as short |
| Variational Omni USELESS | +0.0956% | 4h | 0.2742 | −0.455% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1059% | 4h | 0.2754 | −0.017% | $587K | $2.3M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1177% | 4h | 0.2742 | −0.443% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1353% | 4h | 0.2757 | +0.069% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2909 | +5.612% | $5K | $9K | 5.5x | as long as short |
Aevo USELESS-PERP
Bitget USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
Binance USELESSUSDT
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP