data as of
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Funding arb /

USELESS

all USELESS markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC−0.0033%/8h
next payment, per $10,000−$0.17paid, last 24h+0.025%paid, last 7 days+0.072%to open and close $10k−$58
Long on BinanceShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance USELESSUSDT0.28250.0442pay 0.0221% / 4h9m 55s$23.9M$85.5M50x
ShortBingX USELESS-USDT0.28240.0409get 0.0204% / 4h9m 55s—$4.0M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$7.03
Slippage, 4 orders
−$37.84
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$64.87
Break-even
never at this rate
Slippage from Binance: live order book, 4 min ago; BingX: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.050%
Avg gap 7d
−0.015%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 4 min ago0.54 bp15.1 bp −$1544.0 bp −$440doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago2.15 bp15.5 bp −$1642.2 bp −$422301.3 bp −$30.1Kdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−0.5000%1h$3K$18K5.5xas long as short
Lighter USELESS+0.0096%1h$1.3M$882K3xas long as short
Pacifica USELESS+0.0100%1h$28K$103K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.5M$53.3M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.5M$5.9M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.1M$6.9M12xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$36K$683K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h$38K$153K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.3M10xas long as short
HTX USELESS-USDT+0.0100%4h$21K$310K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aevo USELESS-PERP+0.0192%1h$10K—3xas long as short
Bitget USELESSUSDT+0.0212%4h$5.3M$6.6M20xas long as short
Bybit USELESSUSDT+0.0338%4h$27.5M$35.0M13xas long as short
edgeX USELESSUSDC+0.0404%4h$21K$183K10xas long as short
BingX USELESS-USDTshort+0.0409%4h—$4.0M—
MEXC USELESS_USDT+0.0432%4h$17.7M$4.4M50xas long as short
Variational Omni USELESS+0.0437%4h$1.2M$1.6M—as long as short
Extended USELESS-USD+0.0440%1h$265K$915K5xas long as short
Binance USELESSUSDTlong+0.0442%4h$23.9M$85.5M50x
Phemex USELESSUSDT+0.0559%4h$512K$1.3M20xas long as short
BloFin USELESS-USDT+0.0567%4h$1.2M$1.7M12xas long as short
Aster USELESSUSDT+0.1007%4h$665K$1.4M10xas long as short
Orderly PERP_USELESS_USDC+0.1030%4h$19K$1.4M10xas long as short
Hyperliquid USELESS+0.1144%1h$12.5M$13.6M3xas long as short