Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.007%
Price spread now: Extended against Binance+0.070%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1201.203% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)−0.242%−$24 · spread now +0.070%, 7d avg −0.023%
=Together, before fees−0.216%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.094% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USELESSUSDT | 0.2829 | 0.0527 | pay 0.0264% / 4h | 42m 49s | $23.8M | $115.8M | 50x |
| Short | Extended USELESS-USD | 0.2831 | 0.0528 | get 0.0066% / 1h | 42m 49s | $298K | $966K | 5x |
Binance USELESSUSDT
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.16
- Price spread: +0.070% → −0.023%
- $9.38
- Slippage, 4 orders
- −$105.27
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$110.73
- Costs to cover
- 1.203%
- Break-even
- 4863.8 days
Slippage from Binance: live order book, 15 min ago; Extended: live order book, 35 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, 15 min ago | 1.79 bp | 12.9 bp −$13 | 42.8 bp −$428 | doesn't fit | doesn't fit |
| Sell Extended live order book, 35 min ago | 7.80 bp | 22.0 bp −$22 | 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 | 0.2830 | +0.019% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2829 | −0.019% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2828 | −0.055% | $9.9M | $66.5M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2829 | −0.009% | $32K | $154K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2831 | +0.048% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2832 | +0.093% | $19K | $494K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2819 | −0.369% | $566K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2833 | +0.115% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0334% | 4h | 0.2832 | +0.079% | $5.2M | $10.0M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0402% | 4h | 0.2830 | +0.023% | $5.4M | $9.3M | 20x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTM
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0464% | 4h | 0.2830 | +0.005% | $7.1M | $8.3M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0472% | 1h | 0.2829 | −0.016% | $39K | $702K | 25x | as long as short |
| edgeX USELESSUSDC | +0.0521% | 4h | 0.2830 | +0.013% | $21K | $192K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0524% | 4h | 0.2831 | +0.048% | $10.4M | $6.0M | 50x | as long as short |
| Binance USELESSUSDTlong | +0.0527% | 4h | 0.2829 | long leg | $23.8M | $115.8M | 50x | |
| Extended USELESS-USDshort | +0.0528% | 1h | 0.2831 | +0.070% | $298K | $966K | 5x | |
| Aster USELESSUSDT | +0.1146% | 4h | 0.2831 | +0.065% | $651K | $2.3M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1167% | 4h | 0.2830 | +0.012% | $28.0M | $45.5M | 13x | as long as short |
| BingX USELESS-USDT | +0.1172% | 4h | 0.2831 | +0.062% | — | $5.0M | — | as long as short |
| Variational Omni USELESS | +0.1329% | 4h | 0.2830 | +0.009% | $1.2M | $1.7M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1334% | 4h | 0.2831 | +0.069% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1351% | 1h | 0.2835 | +0.189% | $14.0M | $21.0M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1546% | 4h | 0.2828 | −0.051% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2998 | +5.939% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
ApeX Omni USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Aster USELESSUSDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP