USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0680%/8h= +74.5% APRnext payment +$3.40 per $10,000 · paid last 24h +0.013%

Price spread now: Bybit against Binance−0.021%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.013%−$1 · spread now −0.021%, 7d avg −0.033%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.40 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	0.2839	0.0536	pay 0.0268% / 4h	50m 18s	$23.9M	$115.5M	50x
Short	Bybit USELESSUSDT	0.2838	0.1216	get 0.0608% / 4h	50m 18s	$28.1M	$45.4M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.021%Rate

Funding earned: $142.88
Price spread: −0.021% → −0.033%: $1.18
Slippage, 4 orders: −$41.59
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $81.47
Costs to cover: 0.626%
Break-even: 3.0 days

Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 4 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, 8 min ago	1.79 bp	12.9 bp −$13	42.8 bp −$428	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.88 bp	18.3 bp −$18	51.0 bp −$510	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	0.2844	+0.176%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2845	+0.211%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2838	−0.049%	$9.9M	$66.5M	10x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2839	−0.007%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2832	−0.240%	$19K	$493K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2827	−0.423%	$568K	$1.2M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0152%	1h	0.2838	−0.032%	$31K	$153K	3x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2839	−0.005%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0334%	4h	0.2841	+0.053%	$5.3M	$9.9M	12x	as long as short
Bitget USELESSUSDT	+0.0424%	4h	0.2839	+0.018%	$5.4M	$9.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0476%	4h	0.2835	−0.141%	$7.1M	$8.2M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0504%	1h	0.2822	−0.599%	$39K	$702K	25x	as long as short
edgeX USELESSUSDC	+0.0517%	4h	0.2810	−1.009%	$21K	$191K	10x	as long as short
MEXC USELESS_USDT	+0.0534%	4h	0.2840	+0.025%	$10.4M	$5.9M	50x	as long as short
Binance USELESSUSDTlong	+0.0536%	4h	0.2839	long leg	$23.9M	$115.5M	50x
Extended USELESS-USD	+0.0536%	1h	0.2838	−0.020%	$298K	$966K	5x	as long as short
Aster USELESSUSDT	+0.1156%	4h	0.2831	−0.265%	$651K	$2.2M	10x	as long as short
BingX USELESS-USDT	+0.1162%	4h	0.2839	+0.004%	—	$5.0M	—	as long as short
Bybit USELESSUSDTshort	+0.1216%	4h	0.2838	−0.021%	$28.1M	$45.4M	13x
Orderly PERP_USELESS_USDC	+0.1338%	4h	0.2840	+0.021%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1363%	4h	0.2833	−0.197%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1487%	1h	0.2841	+0.065%	$14.1M	$20.9M	3x	as long as short
BloFin USELESS-USDT	+0.1572%	4h	0.2842	+0.113%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2988	+5.255%	$5K	$9K	5.5x	as long as short