USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.047%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.047%, 7d avg 0.000%

Together, before fees−0.028%−$3 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: MEXC is 0.047% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2978	0.0520	pay 0.0260% / 4h	3h 29m	$25.6M	$133.8M	50x
Short	MEXC USELESS_USDT	0.2979	0.0514	get 0.0257% / 4h	3h 29m	$14.0M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$1.34
Price spread: +0.047% → 0.000%: $4.69
Slippage, 4 orders: −$27.08
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$41.72
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; MEXC: 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, 14 min ago	0.17 bp	15.1 bp −$15	54.6 bp −$546	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.67 bp	7.3 bp −$7	37.3 bp −$373	128.6 bp −$12.9K	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	0.2978	+0.007%	$1.4M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2964	−0.467%	$31K	$19K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2979	+0.044%	$10.8M	$78.3M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2973	−0.168%	$7.5M	$9.0M	50x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2984	+0.215%	$5.7M	$11.4M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2966	−0.390%	$29K	$284K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2980	+0.074%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2975	−0.111%	$19K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2979	+0.023%	$678K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0126%	4h	0.2976	−0.071%	$5.5M	$11.0M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0208%	1h	0.2969	−0.300%	$11K	—	3x	as long as short
Aster USELESSUSDT	+0.0329%	4h	0.2972	−0.214%	$612K	$2.3M	10x	as long as short
MEXC USELESS_USDTshort	+0.0514%	4h	0.2979	+0.047%	$14.0M	$6.7M	50x
edgeX USELESSUSDC	+0.0516%	4h	0.2974	−0.134%	$22K	$200K	10x	as long as short
Extended USELESS-USD	+0.0520%	1h	0.2975	−0.111%	$283K	$1.7M	5x	as long as short
Binance USELESSUSDTlong	+0.0520%	4h	0.2978	long leg	$25.6M	$133.8M	50x
Variational Omni USELESS	+0.0891%	4h	0.2973	−0.163%	$1.2M	$1.9M	—	as long as short
Orderly PERP_USELESS_USDC	+0.0958%	4h	0.2977	−0.044%	$22K	$1.9M	10x	as long as short
Hyperliquid USELESS	+0.1100%	1h	0.2984	+0.211%	$13.5M	$24.4M	3x	as long as short
ApeX Omni USELESSUSDT	+0.1164%	1h	0.2970	−0.269%	$55K	$699K	25x	as long as short
BingX USELESS-USDT	+0.1368%	4h	0.2984	+0.201%	—	$5.6M	—	as long as short
Bybit USELESSUSDT	+0.1430%	4h	0.2980	+0.070%	$29.6M	$53.5M	13x	as long as short
BloFin USELESS-USDT	+0.1661%	4h	0.2979	+0.017%	$1.3M	$2.3M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3176	+6.639%	$5K	$11K	5.5x	as long as short