USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h −0.074%

Price spread now: Bitget against Bybit−0.046%7-day average +0.018% · 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−$115as in the Price arb table

costs, in and out, $10k−$1081.084% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 7 days+0.149%+$15 · spread now −0.046%, 7d avg +0.018%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.064% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USELESSUSDT	0.2822	0.0638	pay 0.0319% / 4h	2h 24m	$27.4M	$46.4M	13x
Short	Bitget USELESSUSDT	0.2820	0.0584	get 0.0292% / 4h	2h 24m	$5.4M	$9.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$11.28
Price spread: −0.046% → +0.018%: −$6.4
Slippage, 4 orders: −$85.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$126.12
Costs to cover: 1.084%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 4 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 Bybit live order book, 5 min ago	3.54 bp	20.9 bp −$21	92.1 bp −$921	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.89 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit

USELESS on 23 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	0.2818	−0.117%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2822	+0.011%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2822	+0.025%	$9.9M	$66.6M	10x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2823	+0.043%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2820	−0.046%	$18K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2816	−0.213%	$605K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0120%	4h	0.2816	−0.213%	$5.2M	$10.3M	12x	as long as short
Gate USELESS_USDT	+0.0128%	4h	0.2819	−0.110%	$7.1M	$8.4M	50x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	0.2823	+0.034%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USD	+0.0523%	1h	0.2822	0.000%	$29K	$199K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0533%	4h	0.2827	+0.177%	$21K	$194K	10x	as long as short
BingX USELESS-USDT	+0.0542%	4h	0.2821	−0.014%	—	$5.1M	—	as long as short
Extended USELESS-USD	+0.0552%	1h	0.2820	−0.059%	$302K	$1.2M	5x	as long as short
Binance USELESSUSDT	+0.0554%	4h	0.2822	−0.003%	$23.9M	$117.4M	50x	as long as short
MEXC USELESS_USDT	+0.0556%	4h	0.2822	−0.007%	$11.0M	$6.0M	50x	as long as short
Bitget USELESSUSDTshort	+0.0584%	4h	0.2820	−0.046%	$5.4M	$9.9M	20x
Bybit USELESSUSDTlong	+0.0638%	4h	0.2822	long leg	$27.4M	$46.4M	13x
ApeX Omni USELESSUSDT	+0.0703%	1h	0.2807	−0.521%	$39K	$699K	25x	as long as short
Variational Omni USELESS	+0.0829%	4h	0.2823	+0.046%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1078%	4h	0.2823	+0.053%	$648K	$2.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1271%	4h	0.2822	+0.011%	$22K	$1.3M	10x	as long as short
Hyperliquid USELESS	+0.1349%	1h	0.2824	+0.071%	$14.1M	$20.7M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2984	+5.745%	$5K	$9K	5.5x	as long as short