Funding you earn now, next payment 02:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.037%
Price spread now: Bybit against Extended−0.129%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2052.055% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.129%, 7d avg +0.010%
=Together, before fees+0.164%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.140% cheaper against Extended than usual: you would sell low and buy high (spread −0.129% now, against its 7-day average of +0.010%). If the spread goes back, that is −$14 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.029% in total) that is about 34 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended USELESS-USD | 0.2820 | 0.0560 | pay 0.0070% / 1h | 25m 50s | $302K | $1.2M | 5x |
| Short | Bybit USELESSUSDT | 0.2817 | 0.0595 | get 0.0297% / 4h | 2h 25m | $27.4M | $46.4M | 13x |
Extended USELESS-USD
Bybit USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $7.28
- Price spread: −0.129% → +0.010%
- −$13.96
- Slippage, 4 orders
- −$189.47
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$212.15
- Costs to cover
- 2.055%
- Break-even
- 211.0 days
Slippage from Extended: live order book, 2 min ago; Bybit: 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 Extended live order book, 2 min ago | 63.81 bp | 82.1 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.54 bp | 20.6 bp −$21 | 96.1 bp −$961 | doesn't fit | doesn't fit |
USELESS on 23 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 | 0.2815 | −0.183% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2823 | +0.092% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2814 | −0.225% | $9.9M | $66.4M | 10x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2823 | +0.094% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2819 | −0.037% | $18K | $518K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2814 | −0.232% | $605K | $1.2M | 20x | as long as short |
| Gate USELESS_USDT | +0.0110% | 4h | 0.2807 | −0.473% | $7.1M | $8.4M | 50x | as long as short |
| KuCoin USELESSUSDTM | +0.0122% | 4h | 0.2818 | −0.101% | $5.2M | $10.3M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2814 | −0.235% | $10K | — | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0536% | 1h | 0.2823 | +0.105% | $31K | $198K | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Gate USELESS_USDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Polymarket Perps USELESS-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0542% | 4h | 0.2814 | −0.223% | $21K | $193K | 10x | as long as short |
| BingX USELESS-USDT | +0.0542% | 4h | 0.2815 | −0.179% | — | $5.1M | — | as long as short |
| MEXC USELESS_USDT | +0.0556% | 4h | 0.2820 | −0.030% | $11.0M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0556% | 4h | 0.2816 | −0.158% | $23.8M | $117.5M | 50x | as long as short |
| Extended USELESS-USDlong | +0.0560% | 1h | 0.2820 | long leg | $302K | $1.2M | 5x | |
| Bitget USELESSUSDT | +0.0582% | 4h | 0.2812 | −0.289% | $5.4M | $9.9M | 20x | as long as short |
| Bybit USELESSUSDTshort | +0.0595% | 4h | 0.2817 | −0.129% | $27.4M | $46.4M | 13x | |
| ApeX Omni USELESSUSDT | +0.0703% | 1h | 0.2807 | −0.477% | $39K | $699K | 25x | as long as short |
| Variational Omni USELESS | +0.0829% | 4h | 0.2823 | +0.090% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1079% | 4h | 0.2821 | +0.026% | $648K | $2.3M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1274% | 4h | 0.2820 | −0.009% | $22K | $1.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1334% | 1h | 0.2818 | −0.090% | $14.1M | $20.9M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2984 | +5.792% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
BingX USELESS-USDT
MEXC USELESS_USDT
Binance USELESSUSDT
Bitget USELESSUSDT
ApeX Omni USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP