Funding you earn now, next payment 00:00 UTC+0.1297%/8h= +142.0% APRnext payment +$6.48 per $10,000 · paid last 24h +0.089%
Price spread now: BloFin against MEXC−0.116%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$620.617% of the position
Funding, last 7 days+0.551%+$55 on $10k
+Price spread, last 3 days (all we have)−0.174%−$17 · spread now −0.116%, 7d avg +0.009%
=Funding pays, the price is against you. BloFin is 0.125% cheaper against MEXC than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of +0.009%). If the spread goes back, that is −$13 on $10k: about 8 hours of funding at the current rate (+$39 a day). At the pace of the last 7 days (+0.551% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.551% in total (about 28.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.48 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 | MEXC USELESS_USDT | 0.2837 | 0.0578 | pay 0.0289% / 4h | 1h 48m | $10.0M | $5.7M | 50x |
| Short | BloFin USELESS-USDT | 0.2834 | 0.1875 | get 0.0937% / 4h | 1h 48m | $1.2M | $1.9M | 12x |
MEXC USELESS_USDT
BloFin USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $272.3
- Price spread: −0.116% → +0.009%
- −$12.55
- Slippage, 4 orders
- −$41.66
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $198.09
- Costs to cover
- 0.617%
- Break-even
- 1.9 days
Slippage from MEXC: live order book, 4 min ago; BloFin: live order book, 4 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, 4 min ago | 3.20 bp | 12.0 bp −$12 | 46.8 bp −$468 | 167.8 bp −$16.8K | doesn't fit |
| Sell BloFin live order book, 4 min ago | 2.66 bp | 18.8 bp −$19 | 31.6 bp −$316 | 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 | 0.2837 | −0.011% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2834 | −0.092% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2833 | −0.162% | $10.0M | $64.2M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2819 | −0.638% | $40K | $699K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2833 | −0.145% | $27K | $141K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2831 | −0.211% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2841 | +0.141% | $27K | $410K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2818 | −0.687% | $575K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2832 | −0.195% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0306% | 4h | 0.2830 | −0.257% | $5.3M | $9.7M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0352% | 4h | 0.2832 | −0.194% | $7.1M | $7.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0534% | 4h | 0.2838 | +0.025% | $5.5M | $8.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0553% | 4h | 0.2837 | −0.012% | $21K | $191K | 10x | as long as short |
| Extended USELESS-USD | +0.0576% | 1h | 0.2836 | −0.040% | $298K | $968K | 5x | as long as short |
| Binance USELESSUSDT | +0.0578% | 4h | 0.2837 | −0.014% | $23.9M | $111.6M | 50x | as long as short |
| MEXC USELESS_USDTlong | +0.0578% | 4h | 0.2837 | long leg | $10.0M | $5.7M | 50x | |
| Hyperliquid USELESS | +0.1190% | 1h | 0.2842 | +0.162% | $14.6M | $19.8M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1226% | 4h | 0.2833 | −0.134% | $22K | $1.4M | 10x | as long as short |
| Aster USELESSUSDT | +0.1253% | 4h | 0.2830 | −0.256% | $654K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1360% | 4h | 0.2838 | +0.046% | — | $4.9M | — | as long as short |
| Variational Omni USELESS | +0.1461% | 4h | 0.2842 | +0.187% | $1.2M | $1.8M | — | as long as short |
| Bybit USELESSUSDT | +0.1466% | 4h | 0.2835 | −0.085% | $28.8M | $43.3M | 13x | as long as short |
| BloFin USELESS-USDTshort | +0.1875% | 4h | 0.2834 | −0.116% | $1.2M | $1.9M | 12x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3032 | +6.873% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
Binance USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Aster USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Bybit USELESSUSDT
Injective USELESS/USDC PERP