Funding you earn now, next payment 00:00 UTC+0.1444%/8h= +158.1% APRnext payment +$7.22 per $10,000 · paid last 24h +0.194%
Price spread now: BloFin against Gate+0.539%78s7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1481.480% of the position
Funding, last 7 days+0.701%+$70 on $10k
+Price spread, last 3 days (all we have)−0.659%−$66 · spread now +0.539%, 7d avg +0.144%
=Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and BloFin is 0.395% dearer against Gate than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.144%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.701% in total (about 36.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.22 per $10,000. 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 | Gate USELESS_USDT | 0.2727 | 0.0374 | pay 0.0187% / 4h | 1h 25m | $6.8M | $8.0M | 50x |
| Short | BloFin USELESS-USDT | 0.2742 | 0.1818 | get 0.0909% / 4h | 1h 25m | $1.2M | $1.9M | 12x |
Gate USELESS_USDT
BloFin USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- $303.21
- Price spread: +0.539% → +0.144%
- $39.5
- Slippage, 4 orders
- −$121.04
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $194.67
- Costs to cover
- 1.480%
- Break-even
- 2.5 days
Slippage from Gate: live order book, 2 min ago; BloFin: 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 Gate live order book, 2 min ago | 5.12 bp | 47.0 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 2.01 bp | 15.2 bp −$15 | 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 | −0.051% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2740 | +0.470% | $30K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2732 | +0.172% | $9.6M | $62.9M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2729 | +0.088% | $26K | $145K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2732 | +0.172% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2727 | +0.018% | $34K | $448K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2717 | −0.356% | $557K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2731 | +0.162% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0229% | 1h | 0.2757 | +1.100% | $39K | $699K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0330% | 4h | 0.2728 | +0.040% | $5.1M | $9.8M | 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_USDTlong | +0.0374% | 4h | 0.2727 | long leg | $6.8M | $8.0M | 50x | |
| edgeX USELESSUSDC | +0.0505% | 4h | 0.2762 | +1.288% | $21K | $190K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0508% | 4h | 0.2730 | +0.095% | $9.8M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0509% | 4h | 0.2732 | +0.185% | $23.1M | $113.3M | 50x | as long as short |
| Extended USELESS-USD | +0.0512% | 1h | 0.2728 | +0.047% | $287K | $965K | 5x | as long as short |
| Bitget USELESSUSDT | +0.0534% | 4h | 0.2730 | +0.117% | $5.2M | $9.1M | 20x | as long as short |
| Hyperliquid USELESS | +0.0952% | 1h | 0.2735 | +0.301% | $13.3M | $20.5M | 3x | as long as short |
| Aster USELESSUSDT | +0.1148% | 4h | 0.2729 | +0.072% | $631K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1253% | 4h | 0.2731 | +0.143% | $21K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1354% | 4h | 0.2734 | +0.253% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1385% | 4h | 0.2734 | +0.249% | $27.3M | $44.5M | 13x | as long as short |
| Variational Omni USELESS | +0.1515% | 4h | 0.2775 | +1.764% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDTshort | +0.1818% | 4h | 0.2742 | +0.539% | $1.2M | $1.9M | 12x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2934 | +7.591% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Bitget USELESSUSDT
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Injective USELESS/USDC PERP