USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0198%/8h= −21.7% APRnext payment −$0.99 per $10,000 · paid last 24h −0.071%

Price spread now: BingX against BloFin−0.035%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$740.735% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.499%−$50 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.035%, 7d avg −0.001%

Together, before fees−0.327%−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BingX is 0.034% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin USELESS-USDT	0.2840	0.0706	pay 0.0353% / 4h	1h 03m	$1.2M	$2.1M	12x
Short	BingX USELESS-USDT	0.2839	0.0508	get 0.0254% / 4h	1h 03m	—	$5.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$41.57
Price spread: −0.035% → −0.001%: −$3.41
Slippage, 4 orders: −$51.54
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$118.52
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; BingX: 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 BloFin live order book, 5 min ago	0.70 bp	31.3 bp −$31	54.3 bp −$543	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.99 bp	13.6 bp −$14	79.0 bp −$790	428.7 bp −$42.9K	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	0.2838	−0.085%	$1.3M	$1.3M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2836	−0.152%	$30K	$19K	3x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2838	−0.092%	$5.2M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2838	−0.092%	$5.5M	$10.5M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2838	−0.070%	$28K	$267K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2838	−0.095%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2837	−0.099%	$20K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2842	+0.056%	$651K	$1.2M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0107%	4h	0.2838	−0.085%	$9.7M	$71.0M	10x	as long as short
Aster USELESSUSDT	+0.0126%	4h	0.2837	−0.108%	$556K	$2.2M	10x	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	+0.0152%	1h	0.2833	−0.248%	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0195%	1h	0.2840	−0.018%	$12.4M	$23.4M	3x	as long as short
edgeX USELESSUSDC	+0.0255%	4h	0.2843	+0.087%	$21K	$197K	10x	as long as short
Extended USELESS-USD	+0.0256%	1h	0.2836	−0.136%	$242K	$896K	5x	as long as short
Binance USELESSUSDT	+0.0260%	4h	0.2840	+0.007%	$23.6M	$124.8M	50x	as long as short
MEXC USELESS_USDT	+0.0262%	4h	0.2840	−0.014%	$11.9M	$6.2M	50x	as long as short
Bybit USELESSUSDT	+0.0466%	4h	0.2838	−0.060%	$26.8M	$49.4M	13x	as long as short
BingX USELESS-USDTshort	+0.0508%	4h	0.2839	−0.035%	—	$5.3M	—
ApeX Omni USELESSUSDT	+0.0510%	1h	0.2835	−0.183%	$52K	$702K	25x	as long as short
Variational Omni USELESS	+0.0561%	4h	0.2851	+0.363%	$1.2M	$1.9M	—	as long as short
Gate USELESS_USDT	+0.0632%	4h	0.2835	−0.194%	$7.1M	$8.7M	50x	as long as short
BloFin USELESS-USDTlong	+0.0706%	4h	0.2840	long leg	$1.2M	$2.1M	12x
Orderly PERP_USELESS_USDC	+0.0950%	4h	0.2838	−0.077%	$22K	$1.5M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3008	+5.897%	$5K	$11K	5.5x	as long as short