USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0130%/8h= +14.2% APRnext payment +$0.65 per $10,000 · paid last 24h +0.039%

Price spread now: MEXC against Bitget+0.050%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$880.877% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.115%−$11 · spread now +0.050%, 7d avg +0.016%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.033% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USELESSUSDT	0.2625	0.0236	pay 0.0118% / 4h	3h 54m	$5.0M	$10.4M	20x
Short	MEXC USELESS_USDT	0.2627	0.0366	get 0.0183% / 4h	3h 54m	$10.6M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.050%Rate

Funding earned: $27.3
Price spread: +0.050% → +0.016%: $3.31
Slippage, 4 orders: −$67.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$57.06
Costs to cover: 0.877%
Break-even: 21.6 days

Slippage from Bitget: live order book, 4 min ago; MEXC: 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	3.06 bp	31.7 bp −$32	110.0 bp −$1,100	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.76 bp	19.9 bp −$20	59.1 bp −$591	130.8 bp −$13.1K	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	0.2625	−0.030%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2625	−0.011%	$28K	$47K	3x	as long as short
Bybit USELESSUSDT	+0.0100%	4h	0.2627	+0.046%	$24.8M	$48.5M	13x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2625	−0.019%	$28K	$228K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2624	−0.038%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2624	−0.057%	$18K	$522K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2626	+0.019%	$595K	$1.1M	20x	as long as short
Gate USELESS_USDT	+0.0148%	4h	0.2621	−0.160%	$6.5M	$8.6M	50x	as long as short
OKX USELESS-USDT-SWAP	+0.0159%	4h	0.2627	+0.072%	$8.9M	$63.9M	10x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	0.2611	−0.536%	$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	+0.0216%	4h	0.2622	−0.133%	$4.8M	$10.7M	12x	as long as short
Bitget USELESSUSDTlong	+0.0236%	4h	0.2625	long leg	$5.0M	$10.4M	20x
MEXC USELESS_USDTshort	+0.0366%	4h	0.2627	+0.050%	$10.6M	$6.0M	50x
Extended USELESS-USD	+0.0368%	1h	0.2626	+0.005%	$113K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0370%	4h	0.2624	−0.057%	$21.8M	$121.9M	50x	as long as short
edgeX USELESSUSDC	+0.0375%	4h	0.2614	−0.418%	$19K	$196K	10x	as long as short
BingX USELESS-USDT	+0.0390%	4h	0.2627	+0.080%	—	$5.3M	—	as long as short
Aster USELESSUSDT	+0.0425%	4h	0.2622	−0.125%	$520K	$2.4M	10x	as long as short
Hyperliquid USELESS	+0.0507%	1h	0.2627	+0.061%	$11.5M	$22.5M	3x	as long as short
Variational Omni USELESS	+0.0591%	4h	0.2626	+0.034%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0611%	4h	0.2626	+0.034%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1303%	4h	0.2626	+0.042%	$19K	$1.2M	10x	as long as short
ApeX Omni USELESSUSDT	+0.1577%	1h	0.2616	−0.358%	$33K	$694K	25x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2779	+5.835%	$5K	$11K	5.5x	as long as short