USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.44 per $10,000 · paid last 24h −0.028%

Price spread now: Bitget against MEXC+0.042%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$760.759% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.042%, 7d avg −0.014%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.056% dearer against MEXC than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.014%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.086% in total) that is about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC USELESS_USDT	0.2849	0.0614	pay 0.0307% / 4h	2h 10m	$10.0M	$5.9M	50x
Short	Bitget USELESSUSDT	0.2851	0.0526	get 0.0263% / 4h	2h 10m	$5.5M	$8.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$18.48
Price spread: +0.042% → −0.014%: $5.61
Slippage, 4 orders: −$55.91
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$88.78
Costs to cover: 0.759%
Break-even: never at this rate

Slippage from MEXC: live order book, 8 min ago; Bitget: live order book, 8 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 MEXC live order book, 8 min ago	1.87 bp	9.9 bp −$10	45.4 bp −$454	115.6 bp −$11.6K	doesn't fit
Sell Bitget live order book, 8 min ago	4.25 bp	21.2 bp −$21	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	0.2849	−0.007%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2863	+0.474%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2852	+0.077%	$10.1M	$64.1M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2862	+0.425%	$28K	$138K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2855	+0.186%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2867	+0.611%	$20K	$386K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2846	−0.119%	$570K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0228%	4h	0.2849	−0.004%	$5.3M	$9.7M	12x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2855	+0.205%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0371%	1h	0.2918	+2.404%	$41K	$700K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0376%	4h	0.2844	−0.190%	$7.1M	$7.8M	50x	as long as short
Bitget USELESSUSDTshort	+0.0526%	4h	0.2851	+0.042%	$5.5M	$8.8M	20x
MEXC USELESS_USDTlong	+0.0614%	4h	0.2849	long leg	$10.0M	$5.9M	50x
Binance USELESSUSDT	+0.0615%	4h	0.2846	−0.139%	$24.4M	$110.5M	50x	as long as short
Extended USELESS-USD	+0.0616%	1h	0.2848	−0.044%	$299K	$968K	5x	as long as short
edgeX USELESSUSDC	+0.0650%	4h	0.2925	+2.642%	$22K	$191K	10x	as long as short
BingX USELESS-USDT	+0.1166%	4h	0.2847	−0.095%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1173%	4h	0.2854	+0.168%	$28.9M	$43.0M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.1189%	4h	0.2857	+0.256%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1295%	4h	0.2859	+0.334%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1298%	4h	0.2851	+0.062%	$660K	$2.2M	10x	as long as short
BloFin USELESS-USDT	+0.1530%	4h	0.2859	+0.351%	$1.2M	$1.9M	12x	as long as short
Hyperliquid USELESS	+0.1547%	1h	0.2851	+0.056%	$14.6M	$19.7M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3027	+6.233%	$5K	$10K	5.5x	as long as short