data as of
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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 20:00 UTC−0.0008%/8h
next payment, per $10,000−$0.04paid, last 24h+0.021%paid, last 7 days+0.063%to open and close $10k−$55
Long on MEXCShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC USELESS_USDT0.29100.0406pay 0.0203% / 4h2h 20m$19.0M$4.9M50x
ShortBingX USELESS-USDT0.29090.0398get 0.0199% / 4h2h 20m—$4.4M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$1.68
Slippage, 4 orders
−$36.93
Fee MEXC: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$56.61
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 7 min ago.

Price risk

price view
Price gap now
−0.010%
Avg gap 7d
−0.019%
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, 5 min ago0.69 bp13.7 bp −$1451.5 bp −$515126.9 bp −$12.7Kdoesn't fit
Sell BingX live order book, 7 min ago1.90 bp14.4 bp −$1440.1 bp −$401316.4 bp −$31.6Kdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−0.5000%1h$855$20K5.5xas long as short
Lighter USELESS+0.0096%1h$1.3M$1.0M3xas long as short
Pacifica USELESS+0.0100%1h$29K$74K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$10.0M$58.5M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.9M$6.4M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.3M$7.7M12xas long as short
Bitget USELESSUSDT+0.0100%4h$5.5M$7.0M20xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$35K$694K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h$28K$114K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.3M10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX USELESS-USDT+0.0100%4h$21K$336K20xas long as short
Bybit USELESSUSDT+0.0163%4h$28.6M$37.0M13xas long as short
Aevo USELESS-PERP+0.0184%1h$10K—3xas long as short
Phemex USELESSUSDT+0.0200%4h$532K$1.2M20xas long as short
Variational Omni USELESS+0.0325%4h$1.3M$1.5M—as long as short
BingX USELESS-USDTshort+0.0398%4h—$4.4M—
MEXC USELESS_USDTlong+0.0406%4h$19.0M$4.9M50x
edgeX USELESSUSDC+0.0406%4h$22K$185K10xas long as short
Binance USELESSUSDT+0.0413%4h$24.7M$92.1M50xas long as short
Extended USELESS-USD+0.0416%1h$272K$915K5xas long as short
BloFin USELESS-USDT+0.0422%4h$1.2M$1.7M12xas long as short
Hyperliquid USELESS+0.0928%1h$14.2M$15.2M3xas long as short
Orderly PERP_USELESS_USDC+0.0936%4h$22K$1.4M10xas long as short
Aster USELESSUSDT+0.0998%4h$701K$1.7M10xas long as short