Funding you earn now, next payment 23:00 UTC−0.0901%/8h= −98.6% APRpaid last 24h −0.018%
Price spread now: Extended against Bybit−0.276%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$234as in the Price arb table
costs, in and out, $10k−$2072.075% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.276%, 7d avg −0.012%
=Together, before fees+0.129%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Extended is 0.264% cheaper against Bybit than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% 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 | Bybit USELESSUSDT | 0.2735 | 0.1389 | pay 0.0694% / 4h | 1h 18m | $27.4M | $44.7M | 13x |
| Short | Extended USELESS-USD | 0.2727 | 0.0488 | get 0.0061% / 1h | 18m 46s | $285K | $965K | 5x |
Bybit USELESSUSDT
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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
- −$189.16
- Price spread: −0.276% → −0.012%
- −$26.41
- Slippage, 4 orders
- −$191.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$423.04
- Costs to cover
- 2.075%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 64 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 | 1.28 bp | 17.2 bp −$17 | 65.3 bp −$653 | doesn't fit | doesn't fit |
| Sell Extended live order book, 64 min ago | 66.50 bp | 85.1 bp −$85 | 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 | 0.2726 | −0.333% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2717 | −0.676% | $30K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2736 | +0.040% | $9.6M | $63.3M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2722 | −0.468% | $26K | $146K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2728 | −0.245% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2728 | −0.271% | $18K | $489K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2707 | −1.009% | $555K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2722 | −0.463% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0277% | 1h | 0.2731 | −0.146% | $38K | $700K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0322% | 4h | 0.2722 | −0.457% | $5.1M | $9.9M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0340% | 4h | 0.2722 | −0.457% | $6.8M | $8.1M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0488% | 1h | 0.2727 | −0.276% | $285K | $965K | 5x | |
| edgeX USELESSUSDC | +0.0489% | 4h | 0.2733 | −0.056% | $20K | $191K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0490% | 4h | 0.2731 | −0.161% | $9.9M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0491% | 4h | 0.2733 | −0.072% | $23.1M | $113.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0500% | 4h | 0.2735 | +0.011% | $5.2M | $9.1M | 20x | as long as short |
| Hyperliquid USELESS | +0.0860% | 1h | 0.2739 | +0.132% | $13.3M | $20.6M | 3x | as long as short |
| Aster USELESSUSDT | +0.1117% | 4h | 0.2723 | −0.436% | $639K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1261% | 4h | 0.2727 | −0.285% | $21K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1294% | 4h | 0.2736 | +0.018% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDTlong | +0.1389% | 4h | 0.2735 | long leg | $27.4M | $44.7M | 13x | |
| Variational Omni USELESS | +0.1483% | 4h | 0.2728 | −0.241% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1793% | 4h | 0.2725 | −0.351% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2894 | +5.828% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Bitget USELESSUSDT
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP