Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h +0.028%
Price spread now: MEXC against Bitget−0.022%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$800.802% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now −0.022%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.037% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.086%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USELESSUSDT | 0.2730 | 0.0534 | pay 0.0267% / 4h | 1h 25m | $5.2M | $9.1M | 20x |
| Short | MEXC USELESS_USDT | 0.2730 | 0.0508 | get 0.0254% / 4h | 1h 25m | $9.8M | $5.9M | 50x |
Bitget USELESSUSDT
MEXC USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$5.46
- Price spread: −0.022% → +0.015%
- −$3.66
- Slippage, 4 orders
- −$60.22
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$89.34
- Costs to cover
- 0.802%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; MEXC: live order book, 2 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 | 3.47 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.09 bp | 8.1 bp −$8 | 53.8 bp −$538 | 171.3 bp −$17.1K | 581.1 bp −$290.5K |
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 | 0.2726 | −0.168% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2740 | +0.353% | $30K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2732 | +0.055% | $9.6M | $62.9M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2729 | −0.029% | $26K | $145K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2732 | +0.055% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2727 | −0.099% | $34K | $448K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2717 | −0.472% | $557K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2731 | +0.045% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0229% | 1h | 0.2757 | +0.982% | $39K | $699K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0330% | 4h | 0.2728 | −0.077% | $5.1M | $9.8M | 12x | 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
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0374% | 4h | 0.2727 | −0.117% | $6.8M | $8.0M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0505% | 4h | 0.2762 | +1.170% | $21K | $190K | 10x | as long as short |
| MEXC USELESS_USDTshort | +0.0508% | 4h | 0.2730 | −0.022% | $9.8M | $5.9M | 50x | |
| Binance USELESSUSDT | +0.0509% | 4h | 0.2732 | +0.067% | $23.1M | $113.3M | 50x | as long as short |
| Extended USELESS-USD | +0.0512% | 1h | 0.2728 | −0.070% | $287K | $965K | 5x | as long as short |
| Bitget USELESSUSDTlong | +0.0534% | 4h | 0.2730 | long leg | $5.2M | $9.1M | 20x | |
| Hyperliquid USELESS | +0.0952% | 1h | 0.2735 | +0.183% | $13.3M | $20.5M | 3x | as long as short |
| Aster USELESSUSDT | +0.1148% | 4h | 0.2729 | −0.045% | $631K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1253% | 4h | 0.2731 | +0.026% | $21K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1354% | 4h | 0.2734 | +0.136% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1385% | 4h | 0.2734 | +0.132% | $27.3M | $44.5M | 13x | as long as short |
| Variational Omni USELESS | +0.1515% | 4h | 0.2775 | +1.645% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1818% | 4h | 0.2742 | +0.421% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2934 | +7.465% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP