USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0482%/8h= +52.8% APRnext payment +$2.41 per $10,000 · paid last 24h +0.063%

Price spread now: Bitget against OKX+0.088%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1041.044% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days+0.022%+$2 · spread now +0.088%, 7d avg +0.056%

Together, before fees+0.118%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Bitget is 0.032% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.056%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% 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	OKX USELESS-USDT-SWAP	0.2836	0.0100	pay 0.0050% / 4h	2h 32m	$10.0M	$67.2M	10x
Short	Bitget USELESSUSDT	0.2838	0.0582	get 0.0291% / 4h	2h 32m	$5.4M	$9.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.088%Rate

Funding earned: $101.22
Price spread: +0.088% → +0.056%: $3.25
Slippage, 4 orders: −$82.42
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $0.05
Costs to cover: 1.044%
Break-even: 7.0 days

Slippage from OKX: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	0.53 bp	22.6 bp −$23	111.2 bp −$1,112	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	10.02 bp	38.3 bp −$38	doesn't fit	doesn't fit	doesn't fit

USELESS on 23 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	0.2840	+0.145%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2841	+0.187%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAPlong	+0.0100%	4h	0.2836	long leg	$10.0M	$67.2M	10x
SunX USELESS-USDT	+0.0100%	4h	0.2844	+0.282%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2836	+0.014%	$19K	$518K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2832	−0.130%	$606K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0122%	4h	0.2839	+0.134%	$5.2M	$10.3M	12x	as long as short
Gate USELESS_USDT	+0.0130%	4h	0.2834	−0.056%	$7.1M	$8.4M	50x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2843	+0.266%	$10K	—	3x	as long as short
edgeX USELESSUSDC	+0.0527%	4h	0.2821	−0.504%	$21K	$194K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended USELESS-USD	+0.0552%	1h	0.2842	+0.221%	$303K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0552%	4h	0.2843	+0.243%	$11.0M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0552%	4h	0.2841	+0.183%	$24.1M	$117.8M	50x	as long as short
Bitget USELESSUSDTshort	+0.0582%	4h	0.2838	+0.088%	$5.4M	$9.9M	20x
Polymarket Perps USELESS-USD	+0.0608%	1h	0.2843	+0.275%	$34K	$195K	3x	as long as short
BingX USELESS-USDT	+0.0622%	4h	0.2842	+0.236%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0626%	4h	0.2837	+0.042%	$27.6M	$46.6M	13x	as long as short
Variational Omni USELESS	+0.0890%	4h	0.2817	−0.648%	$1.2M	$1.7M	—	as long as short
ApeX Omni USELESSUSDT	+0.0893%	1h	0.2817	−0.659%	$39K	$700K	25x	as long as short
Aster USELESSUSDT	+0.1083%	4h	0.2842	+0.205%	$652K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1280%	4h	0.2846	+0.363%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1333%	1h	0.2844	+0.279%	$14.2M	$20.9M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2985	+5.265%	$5K	$9K	5.5x	as long as short