Funding you earn now, next payment 08:00 UTC−0.0789%/8h= −86.4% APRnext payment −$3.95 per $10,000 · paid last 24h −0.146%
Price spread now: Bitget against BloFin−0.129%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$910.912% of the position
Funding, last 7 days−0.683%−$68 on $10k
+Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.129%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Bitget is 0.102% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin USELESS-USDT | 0.2784 | 0.0889 | pay 0.0445% / 4h | 1h 31m | $1.2M | $2.1M | 12x |
| Short | Bitget USELESSUSDT | 0.2781 | 0.0100 | get 0.0050% / 4h | 1h 31m | $5.4M | $10.4M | 20x |
BloFin USELESS-USDT
Bitget USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- −$165.75
- Price spread: −0.129% → −0.028%
- −$10.17
- Slippage, 4 orders
- −$67.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$267.07
- Costs to cover
- 0.912%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bitget: 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, 2 min ago | 0.72 bp | 15.9 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 5.56 bp | 29.2 bp −$29 | 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 | 0.2782 | −0.072% | $1.3M | $1.3M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2785 | +0.011% | $545K | $2.2M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2783 | −0.071% | $30K | $19K | 3x | as long as short |
| Bitget USELESSUSDTshort | +0.0100% | 4h | 0.2781 | −0.129% | $5.4M | $10.4M | 20x | |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2782 | −0.104% | $26K | $261K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2785 | +0.014% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2776 | −0.323% | $19K | $516K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2780 | −0.147% | $641K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0152% | 1h | 0.2786 | +0.068% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0157% | 4h | 0.2784 | −0.032% | $9.5M | $69.1M | 10x | as long as short |
Lighter USELESS
Aster USELESSUSDT
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0168% | 4h | 0.2782 | −0.086% | $5.1M | $10.6M | 12x | as long as short |
| Hyperliquid USELESS | +0.0190% | 1h | 0.2782 | −0.072% | $12.1M | $23.4M | 3x | as long as short |
| Binance USELESSUSDT | +0.0277% | 4h | 0.2784 | −0.026% | $23.1M | $124.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0280% | 1h | 0.2783 | −0.051% | $139K | $834K | 5x | as long as short |
| edgeX USELESSUSDC | +0.0280% | 4h | 0.2790 | +0.190% | $21K | $197K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0282% | 4h | 0.2782 | −0.093% | $11.6M | $6.1M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0466% | 1h | 0.2788 | +0.126% | $51K | $700K | 25x | as long as short |
| Variational Omni USELESS | +0.0609% | 4h | 0.2788 | +0.130% | $1.1M | $1.8M | — | as long as short |
| BingX USELESS-USDT | +0.0624% | 4h | 0.2783 | −0.040% | — | $5.3M | — | as long as short |
| Bybit USELESSUSDT | +0.0627% | 4h | 0.2784 | −0.022% | $26.1M | $48.8M | 13x | as long as short |
| Gate USELESS_USDT | +0.0740% | 4h | 0.2778 | −0.241% | $6.9M | $8.7M | 50x | as long as short |
| BloFin USELESS-USDTlong | +0.0889% | 4h | 0.2784 | long leg | $1.2M | $2.1M | 12x | |
| Orderly PERP_USELESS_USDC | +0.1029% | 4h | 0.2785 | +0.025% | $21K | $1.4M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2956 | +6.148% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Hyperliquid USELESS
Binance USELESSUSDT
Extended USELESS-USD
edgeX USELESSUSDC
MEXC USELESS_USDT
ApeX Omni USELESSUSDT
Variational Omni USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
Gate USELESS_USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP