USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0037%/8hnext payment −$0.18 per $10,000 · paid last 24h +0.014%

Price spread now: BingX against Bybit+0.004%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

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

costs, in and out, $10k−$760.755% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.004%, 7d avg +0.015%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USELESSUSDT	0.2833	0.0503	pay 0.0251% / 4h	6m 10s	$28.4M	$40.8M	13x
Short	BingX USELESS-USDT	0.2833	0.0466	get 0.0233% / 4h	6m 10s	—	$4.7M	—

Funding history

latest

Range statsloading…

BingX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now +0.004%Rate

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 2 min ago	0.18 bp	21.8 bp −$22	57.5 bp −$575	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.83 bp	16.8 bp −$17	65.2 bp −$652	339.3 bp −$33.9K	doesn't fit

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	0.2830	−0.113%	$1.3M	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2831	−0.064%	$31K	$74K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2830	−0.116%	$9.8M	$61.6M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2826	−0.236%	$6.9M	$7.4M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2827	−0.201%	$5.1M	$8.9M	12x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2829	−0.138%	$27K	$117K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2827	−0.205%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2823	−0.367%	$19K	$363K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2821	−0.409%	$546K	$1.3M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0101%	1h	0.2821	−0.424%	$33K	$692K	25x	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	+0.0200%	1h	0.2821	−0.433%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0428%	4h	0.2831	−0.056%	$5.4M	$8.2M	20x	as long as short
Variational Omni USELESS	+0.0460%	4h	0.2826	−0.256%	$1.2M	$1.6M	—	as long as short
BingX USELESS-USDTshort	+0.0466%	4h	0.2833	+0.004%	—	$4.7M	—
MEXC USELESS_USDT	+0.0484%	4h	0.2828	−0.176%	$20.0M	$5.5M	50x	as long as short
Binance USELESSUSDT	+0.0485%	4h	0.2831	−0.060%	$24.6M	$104.0M	50x	as long as short
Extended USELESS-USD	+0.0488%	1h	0.2828	−0.186%	$298K	$970K	5x	as long as short
edgeX USELESSUSDC	+0.0490%	4h	0.2823	−0.352%	$21K	$188K	10x	as long as short
Bybit USELESSUSDTlong	+0.0503%	4h	0.2833	long leg	$28.4M	$40.8M	13x
BloFin USELESS-USDT	+0.0690%	4h	0.2835	+0.078%	$1.2M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0976%	4h	0.2827	−0.201%	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1026%	4h	0.2827	−0.202%	$650K	$2.1M	10x	as long as short
Hyperliquid USELESS	+0.1253%	1h	0.2836	+0.120%	$14.1M	$18.9M	3x	as long as short
Injective USELESS/USDC PERP	+0.4654%	1h	0.2981	+5.235%	$5K	$14K	5.5x	as long as short