Funding you earn now, next payment 00:00 UTC−0.0404%/8h= −44.2% APRpaid last 24h −0.028%
Price spread now: Extended against BingX−0.035%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$240as in the Funding arb table
Net, price: spread back to 7d avg − costs−$238as in the Price arb table
costs, in and out, $10k−$2372.368% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)−0.167%−$17 · spread now −0.035%, 7d avg −0.027%
=Together, before fees−0.197%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% 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 | BingX USELESS-USDT | 0.2805 | 0.0868 | pay 0.0434% / 4h | 3h 59m | — | $5.0M | — |
| Short | Extended USELESS-USD | 0.2804 | 0.0464 | get 0.0058% / 1h | 59m 45s | $295K | $836K | 5x |
BingX USELESS-USDT
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against BingX. 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
- −$84.84
- Price spread: −0.035% → −0.027%
- −$0.8
- Slippage, 4 orders
- −$221.75
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$322.39
- Costs to cover
- 2.368%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Extended: live order book, 13 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 BingX live order book, 10 min ago | 3.38 bp | 22.3 bp −$22 | 73.3 bp −$733 | 472.4 bp −$47.2K | doesn't fit |
| Sell Extended live order book, 13 min ago | 81.54 bp | 100.0 bp −$100 | 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 | 0.2802 | −0.082% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2801 | −0.114% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2799 | −0.193% | $9.8M | $66.0M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2797 | −0.271% | $39K | $702K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2798 | −0.235% | $41K | $165K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2803 | −0.039% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2795 | −0.328% | $18K | $501K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2796 | −0.324% | $581K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0158% | 4h | 0.2798 | −0.242% | $5.2M | $10.0M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2817 | +0.431% | $10K | — | 3x | 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
KuCoin USELESSUSDTM
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0270% | 4h | 0.2803 | −0.046% | $5.3M | $9.4M | 20x | as long as short |
| Gate USELESS_USDT | +0.0330% | 4h | 0.2796 | −0.296% | $7.0M | $8.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0460% | 4h | 0.2800 | −0.158% | $21K | $193K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0462% | 4h | 0.2803 | −0.053% | $10.4M | $5.9M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0464% | 1h | 0.2804 | −0.035% | $295K | $836K | 5x | |
| Binance USELESSUSDT | +0.0466% | 4h | 0.2804 | −0.034% | $23.6M | $116.2M | 50x | as long as short |
| BingX USELESS-USDTlong | +0.0868% | 4h | 0.2805 | long leg | — | $5.0M | — | |
| Bybit USELESSUSDT | +0.0924% | 4h | 0.2800 | −0.164% | $27.5M | $45.7M | 13x | as long as short |
| Variational Omni USELESS | +0.0990% | 4h | 0.2797 | −0.254% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1018% | 4h | 0.2801 | −0.119% | $644K | $2.3M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1201% | 4h | 0.2797 | −0.285% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1306% | 4h | 0.2803 | −0.064% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1376% | 1h | 0.2806 | +0.061% | $14.0M | $21.1M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2962 | +5.594% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
Gate USELESS_USDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP