USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1386%/8h= +151.8% APRnext payment +$6.93 per $10,000 · paid last 24h +0.120%

Price spread now: BingX against OKX+0.294%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$740.745% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 7 days−0.269%−$27 · spread now +0.294%, 7d avg +0.052%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and BingX is 0.241% dearer against OKX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.052%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.230% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.93 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	0.2894	0.0100	pay 0.0050% / 4h	2h 53m	$10.3M	$64.8M	10x
Short	BingX USELESS-USDT	0.2903	0.1486	get 0.0743% / 4h	2h 53m	—	$4.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.294%Rate

Funding earned: $291.06
Price spread: +0.294% → +0.052%: $24.15
Slippage, 4 orders: −$54.48
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $240.72
Costs to cover: 0.745%
Break-even: 1.2 days

Slippage from OKX: live order book, 5 min ago; BingX: live order book, 12 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, 5 min ago	0.67 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	2.87 bp	18.9 bp −$19	67.8 bp −$678	383.0 bp −$38.3K	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	0.2897	+0.090%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2901	+0.222%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAPlong	+0.0100%	4h	0.2894	long leg	$10.3M	$64.8M	10x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2906	+0.401%	$28K	$131K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2907	+0.432%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2909	+0.497%	$20K	$375K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2904	+0.325%	$577K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0134%	4h	0.2899	+0.142%	$5.3M	$9.5M	12x	as long as short
Gate USELESS_USDT	+0.0188%	4h	0.2896	+0.052%	$7.2M	$7.7M	50x	as long as short
Aevo USELESS-PERP	+0.0256%	1h	0.2912	+0.610%	$10K	—	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	+2.643%	$42K	$698K	25x	as long as short
Bitget USELESSUSDT	+0.0574%	4h	0.2902	+0.273%	$5.5M	$8.8M	20x	as long as short
Binance USELESSUSDT	+0.0683%	4h	0.2895	+0.027%	$25.0M	$108.9M	50x	as long as short
edgeX USELESSUSDC	+0.0689%	4h	0.2939	+1.536%	$22K	$188K	10x	as long as short
MEXC USELESS_USDT	+0.0692%	4h	0.2902	+0.252%	$21.4M	$5.7M	50x	as long as short
Extended USELESS-USD	+0.0696%	1h	0.2901	+0.224%	$306K	$967K	5x	as long as short
Orderly PERP_USELESS_USDC	+0.1113%	4h	0.2907	+0.432%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1195%	4h	0.2985	+3.140%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1355%	4h	0.2901	+0.240%	$674K	$2.1M	10x	as long as short
Hyperliquid USELESS	+0.1381%	1h	0.2907	+0.446%	$14.9M	$19.5M	3x	as long as short
Bybit USELESSUSDT	+0.1441%	4h	0.2897	+0.073%	$29.1M	$42.6M	13x	as long as short
BingX USELESS-USDTshort	+0.1486%	4h	0.2903	+0.294%	—	$4.9M	—
BloFin USELESS-USDT	+0.2076%	4h	0.2945	+1.741%	$1.3M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3116	+7.642%	$5K	$10K	5.5x	as long as short