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−0.0094%/8h
next payment, per $10,000−$0.47paid, last 24h−0.024%paid, last 7 days−0.072%to open and close $10k−$61
Long on BingXShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX USELESS-USDT0.27590.0572pay 0.0286% / 4h1h 47m—$3.8M—
ShortMEXC USELESS_USDT0.27600.0478get 0.0239% / 4h1h 47m$16.6M$4.1M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$19.74
Slippage, 4 orders
−$42.77
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 4 bp × 2 orders
−$8
Net
−$80.51
Break-even
never at this rate
Slippage from BingX: live order book, 9 min ago; MEXC: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.062%
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 BingX live order book, 9 min ago3.59 bp16.6 bp −$1758.2 bp −$582397.5 bp −$39.8K1185.6 bp −$592.8K
Sell MEXC live order book, 2 min ago0.18 bp6.2 bp −$641.9 bp −$419147.0 bp −$14.7Kdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−0.5000%1h$3K$25K5.5xas long as short
Lighter USELESS+0.0096%1h$1.3M$835K3xas long as short
Pacifica USELESS+0.0100%1h$27K$103K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.3M$49.4M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.4M$5.2M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.0M$6.0M12xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$41K$679K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h$54K$201K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.2M10xas long as short
HTX USELESS-USDT+0.0100%4h$20K$287K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.0100%4h$495K$1.4M20xas long as short
Bitget USELESSUSDT+0.0190%4h$5.2M$5.8M20xas long as short
Aevo USELESS-PERP+0.0200%1h$10K—3xas long as short
Hyperliquid USELESS+0.0311%1h$12.0M$12.8M3xas long as short
edgeX USELESSUSDC+0.0441%4h$21K$184K10xas long as short
MEXC USELESS_USDTshort+0.0478%4h$16.6M$4.1M50x
Extended USELESS-USD+0.0480%1h$260K$915K5xas long as short
Binance USELESSUSDT+0.0480%4h$23.4M$80.0M50xas long as short
Bybit USELESSUSDT+0.0519%4h$26.8M$31.6M13xas long as short
BingX USELESS-USDTlong+0.0572%4h—$3.8M—
Variational Omni USELESS+0.0690%4h$1.2M$1.4M—as long as short
BloFin USELESS-USDT+0.0790%4h$1.2M$1.5M12xas long as short
Aster USELESSUSDT+0.0871%4h$582K$1.1M10xas long as short
Orderly PERP_USELESS_USDC+0.1123%4h$18K$1.4M10xas long as short