USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0252%/8h= +27.6% APRnext payment +$1.26 per $10,000 · paid last 24h +0.073%

Price spread now: Bybit against Bitget+0.028%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1091.089% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days−0.121%−$12 · spread now +0.028%, 7d avg −0.018%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.046% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.018%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.141% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.26 per $10,000. 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	Bitget USELESSUSDT	0.2545	0.0458	pay 0.0229% / 4h	51m 33s	$4.9M	$10.4M	20x
Short	Bybit USELESSUSDT	0.2546	0.0710	get 0.0355% / 4h	51m 33s	$24.4M	$48.6M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.028%Rate

Funding earned: $52.89
Price spread: +0.028% → −0.018%: $4.56
Slippage, 4 orders: −$85.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$51.5
Costs to cover: 1.089%
Break-even: 13.8 days

Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	4.12 bp	35.6 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.36 bp	17.5 bp −$17	58.8 bp −$588	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	0.2541	−0.161%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2547	+0.058%	$11.5M	$22.6M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2543	−0.070%	$28K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2543	−0.083%	$6.4M	$8.6M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2545	+0.012%	$35K	$219K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2549	+0.145%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2546	+0.028%	$17K	$518K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2545	+0.012%	$558K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0209%	4h	0.2546	+0.035%	$8.9M	$62.5M	10x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2552	+0.252%	$9K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0242%	4h	0.2546	+0.016%	$4.6M	$10.6M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0323%	1h	0.2548	+0.110%	$32K	$698K	25x	as long as short
Bitget USELESSUSDTlong	+0.0458%	4h	0.2545	long leg	$4.9M	$10.4M	20x
Binance USELESSUSDT	+0.0531%	4h	0.2548	+0.106%	$21.3M	$122.9M	50x	as long as short
Extended USELESS-USD	+0.0536%	1h	0.2547	+0.055%	$112K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0536%	4h	0.2547	+0.055%	$10.2M	$6.2M	50x	as long as short
edgeX USELESSUSDC	+0.0545%	4h	0.2551	+0.221%	$19K	$196K	10x	as long as short
Aster USELESSUSDT	+0.0668%	4h	0.2543	−0.101%	$503K	$2.4M	10x	as long as short
Bybit USELESSUSDTshort	+0.0710%	4h	0.2546	+0.028%	$24.4M	$48.6M	13x
BingX USELESS-USDT	+0.0714%	4h	0.2548	+0.106%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0899%	4h	0.2557	+0.461%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0992%	4h	0.2551	+0.228%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1342%	4h	0.2550	+0.189%	$19K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2703	+6.188%	$5K	$11K	5.5x	as long as short