USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.38 per $10,000 · paid last 24h −0.039%

Price spread now: Bitget against Binance+0.202%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$990.993% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 7 days−0.150%−$15 · spread now +0.202%, 7d avg −0.017%

Together, before fees−0.246%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.218% dearer against Binance than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of −0.017%): +$22 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2542	0.0522	pay 0.0261% / 4h	48m 56s	$21.2M	$123.1M	50x
Short	Bitget USELESSUSDT	0.2547	0.0446	get 0.0223% / 4h	48m 56s	$4.9M	$10.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.202%Rate

Funding earned: −$15.93
Price spread: +0.202% → −0.017%: $21.83
Slippage, 4 orders: −$77.32
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$93.42
Costs to cover: 0.993%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bitget: 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 Binance live order book, 9 min ago	0.20 bp	13.2 bp −$13	67.9 bp −$679	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.12 bp	33.2 bp −$33	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	0.2542	+0.005%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2544	+0.068%	$11.5M	$22.7M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2536	−0.247%	$28K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2540	−0.089%	$6.4M	$8.6M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2542	−0.018%	$35K	$219K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2543	+0.052%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2537	−0.203%	$17K	$518K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2541	−0.026%	$557K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2543	+0.025%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0217%	4h	0.2549	+0.257%	$8.9M	$62.7M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0234%	4h	0.2542	+0.013%	$4.6M	$10.6M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0268%	1h	0.2544	+0.076%	$32K	$698K	25x	as long as short
Bitget USELESSUSDTshort	+0.0446%	4h	0.2547	+0.202%	$4.9M	$10.4M	20x
Extended USELESS-USD	+0.0520%	1h	0.2544	+0.080%	$112K	$1.2M	5x	as long as short
Binance USELESSUSDTlong	+0.0522%	4h	0.2542	long leg	$21.2M	$123.1M	50x
MEXC USELESS_USDT	+0.0530%	4h	0.2544	+0.084%	$10.2M	$6.2M	50x	as long as short
edgeX USELESSUSDC	+0.0545%	4h	0.2551	+0.344%	$19K	$196K	10x	as long as short
Aster USELESSUSDT	+0.0656%	4h	0.2543	+0.056%	$504K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0680%	4h	0.2546	+0.151%	$24.4M	$48.7M	13x	as long as short
BingX USELESS-USDT	+0.0714%	4h	0.2544	+0.068%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0842%	4h	0.2544	+0.062%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0937%	4h	0.2543	+0.029%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1328%	4h	0.2542	−0.015%	$19K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2703	+6.342%	$5K	$11K	5.5x	as long as short