USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0364%/8h= −39.8% APRnext payment −$1.82 per $10,000 · paid last 24h −0.068%

Price spread now: BingX against BloFin+0.252%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$730.729% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.494%−$49 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.252%, 7d avg −0.040%

Together, before fees−0.492%−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.291% dearer against BloFin than usual: you sell high and buy low (spread +0.252% now, against its 7-day average of −0.040%): +$29 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin USELESS-USDT	0.2859	0.1530	pay 0.0765% / 4h	2h 11m	$1.2M	$1.9M	12x
Short	BingX USELESS-USDT	0.2867	0.1166	get 0.0583% / 4h	2h 11m	—	$4.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now +0.252%Rate

Funding earned: −$76.4
Price spread: +0.252% → −0.040%: $29.13
Slippage, 4 orders: −$50.91
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$120.17
Costs to cover: 0.729%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; BingX: live order book, 9 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 BloFin live order book, 7 min ago	2.38 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	2.20 bp	18.9 bp −$19	73.1 bp −$731	378.6 bp −$37.9K	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	0.2860	+0.028%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2861	+0.055%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2864	+0.157%	$10.2M	$64.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2858	−0.049%	$28K	$138K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2862	+0.080%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2846	−0.476%	$20K	$385K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2853	−0.213%	$571K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0232%	4h	0.2859	−0.003%	$5.3M	$9.7M	12x	as long as short
Aevo USELESS-PERP	+0.0240%	1h	0.2857	−0.092%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0371%	1h	0.2918	+2.046%	$41K	$700K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0376%	4h	0.2857	−0.087%	$7.1M	$7.8M	50x	as long as short
Bitget USELESSUSDT	+0.0528%	4h	0.2865	+0.185%	$5.5M	$8.8M	20x	as long as short
Binance USELESSUSDT	+0.0615%	4h	0.2865	+0.206%	$24.6M	$110.4M	50x	as long as short
Extended USELESS-USD	+0.0616%	1h	0.2859	−0.034%	$301K	$968K	5x	as long as short
MEXC USELESS_USDT	+0.0624%	4h	0.2863	+0.129%	$10.1M	$5.9M	50x	as long as short
edgeX USELESSUSDC	+0.0650%	4h	0.2925	+2.283%	$22K	$191K	10x	as long as short
BingX USELESS-USDTshort	+0.1166%	4h	0.2867	+0.252%	—	$4.9M	—
Bybit USELESSUSDT	+0.1174%	4h	0.2864	+0.157%	$29.0M	$43.0M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.1183%	4h	0.2858	−0.066%	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1298%	4h	0.2858	−0.049%	$660K	$2.2M	10x	as long as short
Variational Omni USELESS	+0.1330%	4h	0.2930	+2.449%	$1.2M	$1.7M	—	as long as short
BloFin USELESS-USDTlong	+0.1530%	4h	0.2859	long leg	$1.2M	$1.9M	12x
Hyperliquid USELESS	+0.1559%	1h	0.2866	+0.237%	$14.7M	$19.7M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3027	+5.861%	$5K	$10K	5.5x	as long as short