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 18:00 UTC−0.0312%/8h
paid, last 24h−0.131%paid, last 7 days−0.283%to open and close $10k−$60
Long on BingXShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX USELESS-USDT0.28970.0412pay 0.0206% / 4h2h 33m—$4.4M—
ShortPolymarket Perps USELESS-USD0.28880.0100get 0.0013% / 1h33m 45s$28K$113K3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$65.52
Slippage, 4 orders
−$41.77
Fee BingX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$125.29
Break-even
never at this rate
Slippage from BingX: live order book, 8 min ago; Polymarket Perps: live order book, 11 min ago.

Price risk

price view
Price gap now
−0.318%
Avg gap 7d
+0.047%
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, 8 min ago2.77 bp12.2 bp −$1244.9 bp −$449293.4 bp −$29.3Kdoesn't fit
Sell Polymarket Perps live order book, 11 min ago3.28 bp14.0 bp −$14doesn't fitdoesn't fitdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−0.5000%1h$855$20K5.5xas long as short
Lighter USELESS+0.0096%1h$1.3M$1.0M3xas long as short
Pacifica USELESS+0.0100%1h$29K$83K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.9M$57.9M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.8M$6.3M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.2M$7.6M12xas long as short
Bitget USELESSUSDT+0.0100%4h$5.5M$6.9M20xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$36K$694K25xas long as short
Polymarket Perps USELESS-USDshort+0.0100%1h$28K$113K3x
SunX USELESS-USDT+0.0100%4h—$1.3M10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX USELESS-USDT+0.0100%4h$21K$332K20xas long as short
Bybit USELESSUSDT+0.0119%4h$28.4M$36.9M13xas long as short
Aevo USELESS-PERP+0.0184%1h$10K—3xas long as short
Variational Omni USELESS+0.0328%4h$1.2M$1.5M—as long as short
BloFin USELESS-USDT+0.0362%4h$1.2M$1.7M12xas long as short
BingX USELESS-USDTlong+0.0412%4h—$4.4M—
edgeX USELESSUSDC+0.0419%4h$22K$185K10xas long as short
Binance USELESSUSDT+0.0419%4h$24.6M$91.8M50xas long as short
Extended USELESS-USD+0.0424%1h$269K$912K5xas long as short
MEXC USELESS_USDT+0.0424%4h$18.9M$4.8M50xas long as short
Phemex USELESSUSDT+0.0626%4h$533K$1.3M20xas long as short
Hyperliquid USELESS+0.0873%1h$14.1M$15.2M3xas long as short
Orderly PERP_USELESS_USDC+0.0951%4h$22K$1.4M10xas long as short
Aster USELESSUSDT+0.0984%4h$673K$1.6M10xas long as short