USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0494%/8h= +54.1% APRnext payment +$2.47 per $10,000 · paid last 24h +0.073%

Price spread now: BloFin against Bybit+0.840%62s7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as 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−$740.741% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.529%+$53 on $10k

Price spread, last 4 days (all we have)−1.486%−$149 · spread now +0.840%, 7d avg +0.015%

Together, before fees−0.956%−$96 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and BloFin is 0.825% dearer against Bybit than usual: you sell high and buy low: +$83 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 62 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	Bybit USELESSUSDT	0.2976	0.0898	pay 0.0449% / 4h	3h 38m	$29.5M	$53.0M	13x
Short	BloFin USELESS-USDT	0.3001	0.1392	get 0.0696% / 4h	3h 38m	$1.3M	$2.3M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.840%Rate

Funding earned: $103.79
Price spread: +0.840% → +0.015%: $82.51
Slippage, 4 orders: −$51.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: $112.18
Costs to cover: 0.741%
Break-even: from the start

Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 5 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 Bybit live order book, 1 min ago	0.17 bp	18.6 bp −$19	50.2 bp −$502	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	6.28 bp	17.7 bp −$18	43.2 bp −$432	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	0.2981	+0.168%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2994	+0.581%	$32K	$19K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2969	−0.262%	$7.5M	$8.9M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2994	+0.608%	$5.5M	$10.9M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2981	+0.155%	$5.7M	$11.3M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.3003	+0.900%	$29K	$284K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.3000	+0.800%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2978	+0.044%	$20K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2997	+0.695%	$688K	$1.3M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0111%	4h	0.2979	+0.087%	$10.9M	$77.8M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0200%	1h	0.3001	+0.833%	$11K	—	3x	as long as short
Aster USELESSUSDT	+0.0339%	4h	0.2986	+0.326%	$626K	$2.3M	10x	as long as short
edgeX USELESSUSDC	+0.0459%	4h	0.3007	+1.026%	$22K	$199K	10x	as long as short
MEXC USELESS_USDT	+0.0472%	4h	0.2978	+0.047%	$14.0M	$6.6M	50x	as long as short
Binance USELESSUSDT	+0.0479%	4h	0.2981	+0.148%	$25.6M	$132.0M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.3000	+0.793%	$285K	$1.7M	5x	as long as short
BingX USELESS-USDT	+0.0616%	4h	0.2981	+0.168%	—	$5.5M	—	as long as short
Variational Omni USELESS	+0.0820%	4h	0.3004	+0.932%	$1.3M	$1.9M	—	as long as short
Bybit USELESSUSDTlong	+0.0898%	4h	0.2976	long leg	$29.5M	$53.0M	13x
Orderly PERP_USELESS_USDC	+0.0962%	4h	0.3003	+0.887%	$22K	$1.9M	10x	as long as short
Hyperliquid USELESS	+0.1069%	1h	0.2983	+0.235%	$13.4M	$24.2M	3x	as long as short
ApeX Omni USELESSUSDT	+0.1365%	1h	0.3001	+0.827%	$56K	$699K	25x	as long as short
BloFin USELESS-USDTshort	+0.1392%	4h	0.3001	+0.840%	$1.3M	$2.3M	12x
Injective USELESS/USDC PERP	+0.5000%	1h	0.3178	+6.773%	$5K	$11K	5.5x	as long as short