USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.11 per $10,000 · paid last 24h −0.065%

Price spread now: OKX against Bitget+0.011%7-day average −0.053% · 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−$93as in the Price arb table

costs, in and out, $10k−$990.992% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days−0.075%−$8 · spread now +0.011%, 7d avg −0.053%

Together, before fees−0.175%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.065% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.053%. Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USELESSUSDT	0.2659	0.0108	pay 0.0054% / 4h	3h 01m	$5.1M	$10.3M	20x
Short	OKX USELESS-USDT-SWAP	0.2660	0.0131	get 0.0065% / 4h	3h 01m	$9.0M	$64.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $4.75
Price spread: +0.011% → −0.053%: $6.47
Slippage, 4 orders: −$77.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$87.96
Costs to cover: 0.992%
Break-even: 136.6 days

Slippage from Bitget: live order book, 2 min ago; OKX: 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, 2 min ago	5.47 bp	32.7 bp −$33	106.2 bp −$1,062	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.50 bp	18.8 bp −$19	95.7 bp −$957	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	0.2654	−0.188%	$1.2M	$1.2M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2654	−0.198%	$524K	$2.3M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2650	−0.357%	$28K	$18K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2654	−0.184%	$6.6M	$8.7M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2654	−0.207%	$26K	$240K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2657	−0.079%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2648	−0.436%	$18K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2656	−0.139%	$621K	$1.1M	20x	as long as short
Bitget USELESSUSDTlong	+0.0108%	4h	0.2659	long leg	$5.1M	$10.3M	20x
OKX USELESS-USDT-SWAPshort	+0.0131%	4h	0.2660	+0.011%	$9.0M	$64.4M	10x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0152%	1h	0.2654	−0.200%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0154%	4h	0.2652	−0.252%	$4.8M	$10.7M	12x	as long as short
Binance USELESSUSDT	+0.0270%	4h	0.2660	+0.018%	$22.2M	$121.4M	50x	as long as short
edgeX USELESSUSDC	+0.0271%	4h	0.2656	−0.107%	$20K	$197K	10x	as long as short
Extended USELESS-USD	+0.0272%	1h	0.2655	−0.159%	$112K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0278%	4h	0.2656	−0.117%	$10.7M	$6.1M	50x	as long as short
Hyperliquid USELESS	+0.0320%	1h	0.2657	−0.068%	$11.6M	$22.5M	3x	as long as short
ApeX Omni USELESSUSDT	+0.0392%	1h	0.2653	−0.233%	$37K	$695K	25x	as long as short
Bybit USELESSUSDT	+0.0437%	4h	0.2655	−0.147%	$25.0M	$48.3M	13x	as long as short
BingX USELESS-USDT	+0.0546%	4h	0.2660	+0.038%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0550%	4h	0.2654	−0.192%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0732%	4h	0.2653	−0.222%	$1.1M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1257%	4h	0.2653	−0.214%	$20K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2808	+5.592%	$5K	$11K	5.5x	as long as short