USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0546%/8h= +59.8% APRnext payment +$2.73 per $10,000 · paid last 24h +0.151%

Price spread now: BloFin against Bitget+0.134%105s7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as 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−$980.981% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.672%+$67 on $10k

Price spread, last 3 days (all we have)−0.203%−$20 · spread now +0.134%, 7d avg +0.068%

Together, before fees+0.469%+$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and BloFin is 0.066% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.068%. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USELESSUSDT	0.2902	0.0582	pay 0.0291% / 4h	3h 09m	$5.6M	$9.7M	20x
Short	BloFin USELESS-USDT	0.2906	0.1128	get 0.0564% / 4h	3h 09m	$1.2M	$2.1M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.134%Rate

Funding earned: $114.67
Price spread: +0.134% → +0.068%: $6.65
Slippage, 4 orders: −$74.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $23.21
Costs to cover: 0.981%
Break-even: 5.6 days

Slippage from Bitget: live order book, 4 min ago; BloFin: 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 Bitget live order book, 4 min ago	4.64 bp	31.2 bp −$31	112.2 bp −$1,122	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.02 bp	24.8 bp −$25	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	0.2903	+0.034%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2903	+0.021%	$32K	$69K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2896	−0.200%	$10.2M	$68.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2902	−0.024%	$49K	$176K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2904	+0.048%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2895	−0.248%	$19K	$512K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2894	−0.276%	$611K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0146%	4h	0.2897	−0.172%	$5.3M	$10.2M	12x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2898	−0.147%	$10K	—	3x	as long as short
Gate USELESS_USDT	+0.0440%	4h	0.2899	−0.103%	$7.3M	$8.5M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0441%	1h	0.2909	+0.234%	$40K	$699K	25x	as long as short
edgeX USELESSUSDC	+0.0486%	4h	0.2910	+0.279%	$22K	$193K	10x	as long as short
MEXC USELESS_USDT	+0.0510%	4h	0.2901	−0.034%	$11.2M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0510%	4h	0.2899	−0.093%	$24.5M	$116.9M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2904	+0.077%	$307K	$1.2M	5x	as long as short
Bitget USELESSUSDTlong	+0.0582%	4h	0.2902	long leg	$5.6M	$9.7M	20x
BingX USELESS-USDT	+0.0762%	4h	0.2897	−0.179%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0795%	4h	0.2899	−0.096%	$28.4M	$46.4M	13x	as long as short
Variational Omni USELESS	+0.0994%	4h	0.2915	+0.450%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1102%	4h	0.2901	−0.051%	$668K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1120%	1h	0.2904	+0.055%	$14.6M	$20.9M	3x	as long as short
BloFin USELESS-USDTshort	+0.1128%	4h	0.2906	+0.134%	$1.2M	$2.1M	12x
Orderly PERP_USELESS_USDC	+0.1252%	4h	0.2900	−0.076%	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3093	+6.571%	$5K	$9K	5.5x	as long as short