USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0593%/8h= +65.0% APRnext payment +$2.97 per $10,000 · paid last 24h +0.098%

Price spread now: Binance against OKX+0.137%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$650.648% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.137%, 7d avg +0.071%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Binance is 0.066% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.071%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.173% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.97 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	OKX USELESS-USDT-SWAP	0.2901	0.0100	pay 0.0050% / 4h	2h 54m	$10.4M	$64.8M	10x
Short	Binance USELESSUSDT	0.2905	0.0693	get 0.0347% / 4h	2h 54m	$25.3M	$108.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now +0.137%Rate

Funding earned: $124.58
Price spread: +0.137% → +0.071%: $6.61
Slippage, 4 orders: −$44.81
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $66.39
Costs to cover: 0.648%
Break-even: 3.3 days

Slippage from OKX: live order book, 4 min ago; Binance: live order book, 3 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 OKX live order book, 4 min ago	0.67 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.17 bp	13.1 bp −$13	59.0 bp −$590	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	0.2909	+0.296%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2905	+0.137%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAPlong	+0.0100%	4h	0.2901	long leg	$10.4M	$64.8M	10x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2948	+1.638%	$28K	$130K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2946	+1.548%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2942	+1.431%	$20K	$375K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2937	+1.238%	$584K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0138%	4h	0.2910	+0.328%	$5.4M	$9.5M	12x	as long as short
Gate USELESS_USDT	+0.0208%	4h	0.2904	+0.124%	$7.2M	$7.6M	50x	as long as short
Aevo USELESS-PERP	+0.0256%	1h	0.2949	+1.660%	$11K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0328%	1h	0.2971	+2.424%	$42K	$698K	25x	as long as short
Bitget USELESSUSDT	+0.0576%	4h	0.2896	−0.152%	$5.5M	$8.7M	20x	as long as short
edgeX USELESSUSDC	+0.0690%	4h	0.2980	+2.750%	$22K	$188K	10x	as long as short
MEXC USELESS_USDT	+0.0692%	4h	0.2908	+0.241%	$21.4M	$5.7M	50x	as long as short
Binance USELESSUSDTshort	+0.0693%	4h	0.2905	+0.137%	$25.3M	$108.6M	50x
Extended USELESS-USD	+0.0696%	1h	0.2903	+0.090%	$306K	$967K	5x	as long as short
Orderly PERP_USELESS_USDC	+0.1116%	4h	0.2946	+1.572%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1195%	4h	0.2985	+2.919%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1355%	4h	0.2926	+0.876%	$680K	$2.1M	10x	as long as short
BingX USELESS-USDT	+0.1486%	4h	0.2903	+0.076%	—	$4.9M	—	as long as short
Hyperliquid USELESS	+0.1491%	1h	0.2918	+0.590%	$14.9M	$19.5M	3x	as long as short
Bybit USELESSUSDT	+0.1495%	4h	0.2905	+0.145%	$29.3M	$42.5M	13x	as long as short
BloFin USELESS-USDT	+0.2076%	4h	0.2945	+1.524%	$1.3M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3116	+7.412%	$5K	$10K	5.5x	as long as short