Funding you earn now, next payment 00:00 UTC−0.0793%/8h= −86.8% APRpaid last 24h −0.096%
Price spread now: Extended against BloFin+0.027%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1231.227% of the position
Funding, last 7 days−0.525%−$52 on $10k
+Price spread, last 3 days (all we have)+0.197%+$20 · spread now +0.027%, 7d avg −0.057%
=Together, before fees−0.328%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.084% dearer against BloFin than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.057%): +$8 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.525% in total) that is about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.525% in total (about -27.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin USELESS-USDT | 0.2809 | 0.1281 | pay 0.0641% / 4h | 20m 46s | $1.2M | $2.0M | 12x |
| Short | Extended USELESS-USD | 0.2810 | 0.0488 | get 0.0061% / 1h | 20m 46s | $295K | $966K | 5x |
BloFin USELESS-USDT
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$166.56
- Price spread: +0.027% → −0.057%
- $8.37
- Slippage, 4 orders
- −$105.67
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$280.86
- Costs to cover
- 1.227%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Extended: live order book, 57 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 | 3.92 bp | 14.8 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 57 min ago | 7.80 bp | 22.0 bp −$22 | 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 | 0.2810 | +0.050% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2801 | −0.295% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2808 | −0.036% | $9.9M | $66.4M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2802 | −0.249% | $39K | $702K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2803 | −0.203% | $37K | $159K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2808 | −0.046% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2800 | −0.313% | $18K | $497K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2799 | −0.338% | $568K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2800 | −0.313% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0222% | 4h | 0.2809 | −0.011% | $5.2M | $10.0M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0308% | 4h | 0.2812 | +0.110% | $5.3M | $9.4M | 20x | as long as short |
| Gate USELESS_USDT | +0.0342% | 4h | 0.2805 | −0.146% | $7.0M | $8.3M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0488% | 1h | 0.2810 | +0.027% | $295K | $966K | 5x | |
| MEXC USELESS_USDT | +0.0488% | 4h | 0.2811 | +0.053% | $10.4M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0490% | 4h | 0.2812 | +0.093% | $23.7M | $116.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0498% | 4h | 0.2806 | −0.122% | $21K | $192K | 10x | as long as short |
| BingX USELESS-USDT | +0.0918% | 4h | 0.2812 | +0.114% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.0982% | 4h | 0.2810 | +0.046% | $27.7M | $45.8M | 13x | as long as short |
| Aster USELESSUSDT | +0.1058% | 4h | 0.2805 | −0.135% | $645K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1107% | 4h | 0.2807 | −0.079% | $1.2M | $1.8M | — | as long as short |
| BloFin USELESS-USDTlong | +0.1281% | 4h | 0.2809 | long leg | $1.2M | $2.0M | 12x | |
| Orderly PERP_USELESS_USDC | +0.1326% | 4h | 0.2808 | −0.021% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1597% | 1h | 0.2816 | +0.249% | $14.0M | $21.1M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2964 | +5.500% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
Gate USELESS_USDT
MEXC USELESS_USDT
Binance USELESSUSDT
edgeX USELESSUSDC
BingX USELESS-USDT
Bybit USELESSUSDT
Aster USELESSUSDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP