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Funding arb /

USELESS

all USELESS markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC+0.0006%/8h
next payment, per $10,000+$0.03paid, last 24h−0.001%paid, last 7 days0.000%to open and close $10k−$46
Long on MEXCShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC USELESS_USDT0.28000.0562pay 0.0281% / 4h2h 35m$16.6M$4.1M50x
ShortBinance USELESSUSDT0.28020.0568get 0.0284% / 4h2h 35m$23.9M$78.4M50x

Funding history

latest
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Funding on every exchange

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Profit calculator

Funding earned
$1.23
Slippage, 4 orders
−$28.36
Fee MEXC: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$45.13
Break-even
263.7 days
Slippage from MEXC: live order book, 10 min ago; Binance: live order book, 9 min ago.

Price risk

price view
Price gap now
+0.077%
Avg gap 7d
−0.002%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 10 min ago0.18 bp7.2 bp −$749.8 bp −$498171.3 bp −$17.1K602.6 bp −$301.3K
Sell Binance live order book, 9 min ago0.18 bp14.5 bp −$1451.4 bp −$514doesn't fitdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−0.5000%1h$3K$25K5.5xas long as short
Lighter USELESS+0.0096%1h$1.3M$822K3xas long as short
Pacifica USELESS+0.0100%1h$26K$101K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.5M$49.6M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.4M$5.0M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.1M$5.7M12xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$42K$671K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h$54K$201K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.2M10xas long as short
HTX USELESS-USDT+0.0100%4h$21K$275K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.0100%4h$496K$1.3M20xas long as short
Aevo USELESS-PERP+0.0216%1h$10K—3xas long as short
Bitget USELESSUSDT+0.0232%4h$5.3M$5.7M20xas long as short
Hyperliquid USELESS+0.0238%1h$12.4M$12.5M3xas long as short
edgeX USELESSUSDC+0.0526%4h$22K$182K10xas long as short
Extended USELESS-USD+0.0560%1h$263K$911K5xas long as short
MEXC USELESS_USDTlong+0.0562%4h$16.6M$4.1M50x
Binance USELESSUSDTshort+0.0568%4h$23.9M$78.4M50x
BingX USELESS-USDT+0.0774%4h—$3.7M—as long as short
Variational Omni USELESS+0.0839%4h$1.2M$1.3M—as long as short
Aster USELESSUSDT+0.0918%4h$580K$1.1M10xas long as short
Bybit USELESSUSDT+0.0973%4h$27.5M$30.9M13xas long as short
BloFin USELESS-USDT+0.1070%4h$1.2M$1.5M12xas long as short
Orderly PERP_USELESS_USDC+0.1120%4h$18K$1.4M10xas long as short