Funding you earn now, next payment 09:00 UTC−0.0419%/8h= −45.9% APRpaid last 24h +0.097%
Price spread now: BingX against ApeX Omni+0.541%113s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$740.740% of the position
Funding, last 7 days+0.232%+$23 on $10k
+Price spread, last 4 days (all we have)−0.564%−$56 · spread now +0.541%, 7d avg +0.013%
=The price spread pays, funding is against you. BingX is 0.529% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.541% now, against its 7-day average of +0.013%): +$53 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 4.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.232%, so the current rate has only just turned against you. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.232% in total (about 12.1% a year). A funding rate is set anew for every payment. 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 | ApeX Omni USELESSUSDT | 0.2992 | 0.1381 | pay 0.0173% / 1h | 45m 44s | $56K | $700K | 25x |
| Short | BingX USELESS-USDT | 0.3008 | 0.0962 | get 0.0481% / 4h | 3h 45m | — | $5.5M | — |
ApeX Omni USELESSUSDT
BingX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against ApeX Omni. 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
- −$88.08
- Price spread: +0.541% → +0.013%
- $52.88
- Slippage, 4 orders
- −$54.04
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$109.24
- Costs to cover
- 0.740%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 53 min ago; BingX: live order book, 5 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 ApeX Omni live order book, 53 min ago | 10.30 bp | 18.2 bp −$18 | 110.4 bp −$1,104 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 4.35 bp | 19.3 bp −$19 | 66.0 bp −$660 | 326.7 bp −$32.7K | 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 | 0.3005 | +0.434% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.3004 | +0.414% | $32K | $19K | 3x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.3004 | +0.418% | $5.8M | $11.2M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.3005 | +0.424% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.3017 | +0.832% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.3015 | +0.785% | $20K | $516K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.3014 | +0.749% | $689K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0108% | 4h | 0.3005 | +0.441% | $5.5M | $10.9M | 12x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0113% | 4h | 0.3005 | +0.445% | $10.8M | $77.9M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0192% | 1h | 0.3016 | +0.813% | $11K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster USELESSUSDT | +0.0345% | 4h | 0.3006 | +0.475% | $599K | $2.2M | 10x | as long as short |
| Gate USELESS_USDT | +0.0360% | 4h | 0.3006 | +0.455% | $7.5M | $8.7M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0412% | 4h | 0.2995 | +0.099% | $22K | $199K | 10x | as long as short |
| Extended USELESS-USD | +0.0448% | 1h | 0.3002 | +0.340% | $285K | $1.7M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0450% | 4h | 0.3006 | +0.475% | $13.9M | $6.5M | 50x | as long as short |
| Binance USELESSUSDT | +0.0458% | 4h | 0.3003 | +0.368% | $25.3M | $130.7M | 50x | as long as short |
| Variational Omni USELESS | +0.0836% | 4h | 0.3010 | +0.617% | $1.3M | $1.9M | — | as long as short |
| BingX USELESS-USDTshort | +0.0962% | 4h | 0.3008 | +0.541% | — | $5.5M | — | |
| Orderly PERP_USELESS_USDC | +0.0970% | 4h | 0.3014 | +0.742% | $22K | $1.8M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1085% | 4h | 0.3002 | +0.334% | $29.6M | $52.5M | 13x | as long as short |
| Hyperliquid USELESS | +0.1196% | 1h | 0.3008 | +0.528% | $13.5M | $24.1M | 3x | as long as short |
| ApeX Omni USELESSUSDTlong | +0.1381% | 1h | 0.2992 | long leg | $56K | $700K | 25x | |
| BloFin USELESS-USDT | +0.1783% | 4h | 0.3000 | +0.281% | $1.2M | $2.3M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3175 | +6.113% | $5K | $10K | 5.5x | as long as short |
Aster USELESSUSDT
Gate USELESS_USDT
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
Bybit USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP