Funding you earn now, next payment 03:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.003%
Price spread now: Extended against MEXC−0.079%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$1961.962% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.079%, 7d avg −0.039%
=Together, before fees+0.085%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.040% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USELESS_USDT | 0.2837 | 0.0590 | pay 0.0295% / 4h | 1h 54m | $11.1M | $6.0M | 50x |
| Short | Extended USELESS-USD | 0.2835 | 0.0592 | get 0.0074% / 1h | 54m 57s | $301K | $1.1M | 5x |
MEXC USELESS_USDT
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.42
- Price spread: −0.079% → −0.039%
- −$3.98
- Slippage, 4 orders
- −$183.25
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$199.81
- Costs to cover
- 1.962%
- Break-even
- 3337.1 days
Slippage from MEXC: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago | 1.60 bp | 12.3 bp −$12 | 44.1 bp −$441 | 151.5 bp −$15.2K | doesn't fit |
| Sell Extended live order book, 3 min ago | 70.50 bp | 88.6 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
USELESS on 23 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 | 0.2835 | −0.070% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2835 | −0.067% | $32K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2829 | −0.289% | $7.1M | $8.4M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2834 | −0.088% | $30K | $206K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2836 | −0.049% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2833 | −0.145% | $18K | $504K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2831 | −0.215% | $619K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0122% | 4h | 0.2835 | −0.067% | $10.0M | $66.4M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0191% | 1h | 0.2812 | −0.878% | $39K | $699K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2831 | −0.216% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
Aevo USELESS-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0236% | 4h | 0.2836 | −0.021% | $5.2M | $10.4M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0576% | 4h | 0.2834 | −0.099% | $5.4M | $9.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0580% | 4h | 0.2819 | −0.640% | $21K | $194K | 10x | as long as short |
| MEXC USELESS_USDTlong | +0.0590% | 4h | 0.2837 | long leg | $11.1M | $6.0M | 50x | |
| Binance USELESSUSDT | +0.0592% | 4h | 0.2837 | −0.011% | $24.0M | $117.0M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0592% | 1h | 0.2835 | −0.079% | $301K | $1.1M | 5x | |
| BingX USELESS-USDT | +0.0956% | 4h | 0.2837 | −0.014% | — | $5.1M | — | as long as short |
| Variational Omni USELESS | +0.0958% | 4h | 0.2846 | +0.338% | $1.2M | $1.7M | — | as long as short |
| Bybit USELESSUSDT | +0.0988% | 4h | 0.2835 | −0.074% | $27.5M | $46.2M | 13x | as long as short |
| Aster USELESSUSDT | +0.1139% | 4h | 0.2833 | −0.145% | $630K | $2.2M | 10x | as long as short |
| Hyperliquid USELESS | +0.1265% | 1h | 0.2839 | +0.088% | $14.1M | $20.8M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1343% | 4h | 0.2836 | −0.018% | $22K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2998 | +5.682% | $5K | $9K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
edgeX USELESSUSDC
Binance USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Bybit USELESSUSDT
Aster USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP