Funding you earn now, next payment 22:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h +0.024%
Price spread now: Extended against Bitget−0.108%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1821.816% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)−0.119%−$12 · spread now −0.108%, 7d avg −0.009%
=Together, before fees−0.018%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.099% cheaper against Bitget than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.009%). If the spread goes back, that is −$10 on $10k: about 2.5 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.101% in total) that is about 6.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USELESSUSDT | 0.2953 | 0.0550 | pay 0.0275% / 4h | 2h 25m | $5.6M | $8.7M | 20x |
| Short | Extended USELESS-USD | 0.2950 | 0.0680 | get 0.0085% / 1h | 25m 04s | $312K | $967K | 5x |
Bitget USELESSUSDT
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bitget. 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
- $27.3
- Price spread: −0.108% → −0.009%
- −$9.86
- Slippage, 4 orders
- −$164.57
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$164.14
- Costs to cover
- 1.816%
- Break-even
- 49.1 days
Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 63 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 Bitget live order book, 3 min ago | 1.86 bp | 18.5 bp −$18 | 95.9 bp −$959 | doesn't fit | doesn't fit |
| Sell Extended live order book, 63 min ago | 53.37 bp | 70.2 bp −$70 | 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 | 0.2956 | +0.078% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2953 | −0.011% | $33K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2959 | +0.200% | $10.6M | $66.2M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2954 | +0.030% | $29K | $137K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2959 | +0.179% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2943 | −0.342% | $20K | $379K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2946 | −0.257% | $587K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0218% | 4h | 0.2950 | −0.125% | $5.5M | $9.6M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2950 | −0.121% | $11K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0432% | 4h | 0.2950 | −0.122% | $7.3M | $7.8M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0470% | 1h | 0.2959 | +0.190% | $42K | $698K | 25x | as long as short |
| Bitget USELESSUSDTlong | +0.0550% | 4h | 0.2953 | long leg | $5.6M | $8.7M | 20x | |
| edgeX USELESSUSDC | +0.0653% | 4h | 0.2965 | +0.378% | $22K | $189K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0666% | 4h | 0.2957 | +0.129% | $10.5M | $5.8M | 50x | as long as short |
| Binance USELESSUSDT | +0.0676% | 4h | 0.2964 | +0.345% | $25.6M | $109.2M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0680% | 1h | 0.2950 | −0.108% | $312K | $967K | 5x | |
| Orderly PERP_USELESS_USDC | +0.1178% | 4h | 0.2952 | −0.051% | $22K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1278% | 4h | 0.2962 | +0.295% | — | $4.9M | — | as long as short |
| Variational Omni USELESS | +0.1334% | 4h | 0.2964 | +0.345% | $1.2M | $1.6M | — | as long as short |
| Bybit USELESSUSDT | +0.1366% | 4h | 0.2962 | +0.295% | $29.8M | $42.5M | 13x | as long as short |
| Aster USELESSUSDT | +0.1395% | 4h | 0.2954 | +0.015% | $682K | $2.1M | 10x | as long as short |
| Hyperliquid USELESS | +0.1601% | 1h | 0.2965 | +0.396% | $15.2M | $19.6M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1785% | 4h | 0.2957 | +0.135% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3137 | +6.203% | $5K | $10K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Variational Omni USELESS
Bybit USELESSUSDT
Aster USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP