USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1350%/8h= +147.8% APRnext payment +$6.75 per $10,000 · paid last 24h +0.111%

Price spread now: BloFin against Binance+0.577%101s7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$750.747% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.576%+$58 on $10k

Price spread, last 3 days (all we have)−0.772%−$77 · spread now +0.577%, 7d avg +0.041%

Together, before fees−0.196%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and BloFin is 0.536% dearer against Binance than usual: you sell high and buy low: +$54 more if the spread goes back to its 7-day average of +0.041%. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.576% in total (about 30.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.75 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	Binance USELESSUSDT	0.2838	0.0464	pay 0.0232% / 4h	3h 31m	$24.0M	$116.3M	50x
Short	BloFin USELESS-USDT	0.2854	0.1814	get 0.0907% / 4h	3h 31m	$1.2M	$2.0M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.577%Rate

Funding earned: $283.53
Price spread: +0.577% → +0.041%: $53.61
Slippage, 4 orders: −$52.66
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $262.47
Costs to cover: 0.747%
Break-even: 0.5 days

Slippage from Binance: live order book, 11 min ago; BloFin: 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 Binance live order book, 11 min ago	0.53 bp	15.8 bp −$16	70.2 bp −$702	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	5.26 bp	19.7 bp −$20	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	0.2836	−0.072%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2838	+0.006%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2839	+0.052%	$10.0M	$66.6M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2850	+0.432%	$48K	$172K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2836	−0.086%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2842	+0.136%	$19K	$507K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2834	−0.153%	$597K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0176%	4h	0.2835	−0.100%	$5.2M	$10.1M	12x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2838	−0.005%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0446%	4h	0.2838	+0.009%	$5.5M	$9.6M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance USELESSUSDTlong	+0.0464%	4h	0.2838	long leg	$24.0M	$116.3M	50x
edgeX USELESSUSDC	+0.0469%	4h	0.2848	+0.351%	$21K	$193K	10x	as long as short
Extended USELESS-USD	+0.0472%	1h	0.2836	−0.081%	$300K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0472%	4h	0.2836	−0.086%	$10.7M	$5.9M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0499%	1h	0.2854	+0.566%	$40K	$703K	25x	as long as short
Variational Omni USELESS	+0.1041%	4h	0.2843	+0.170%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1048%	4h	0.2838	+0.002%	$652K	$2.3M	10x	as long as short
Bybit USELESSUSDT	+0.1086%	4h	0.2839	+0.041%	$27.9M	$46.1M	13x	as long as short
Hyperliquid USELESS	+0.1159%	1h	0.2840	+0.076%	$14.3M	$21.0M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1269%	4h	0.2838	+0.006%	$22K	$1.4M	10x	as long as short
Gate USELESS_USDT	+0.1290%	4h	0.2836	−0.082%	$7.1M	$8.4M	50x	as long as short
BingX USELESS-USDT	+0.1326%	4h	0.2839	+0.048%	—	$5.1M	—	as long as short
BloFin USELESS-USDTshort	+0.1814%	4h	0.2854	+0.577%	$1.2M	$2.0M	12x
Injective USELESS/USDC PERP	+0.5000%	1h	0.3014	+6.211%	$5K	$9K	5.5x	as long as short