USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0342%/8h= −37.4% APRnext payment −$1.71 per $10,000 · paid last 24h +0.125%

Price spread now: BingX against Gate+0.485%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1921.920% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.247%+$25 on $10k

Price spread, last 7 days−0.376%−$38 · spread now +0.485%, 7d avg +0.098%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.387% dearer against Gate than usual: you sell high and buy low (spread +0.485% now, against its 7-day average of +0.098%): +$39 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 3.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.247%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USELESS_USDT	0.2722	0.0768	pay 0.0384% / 4h	2h 20m	$6.8M	$8.6M	50x
Short	BingX USELESS-USDT	0.2735	0.0426	get 0.0213% / 4h	2h 20m	—	$5.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.485%Rate

Funding earned: −$71.82
Price spread: +0.485% → +0.098%: $38.67
Slippage, 4 orders: −$167.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$225.16
Costs to cover: 1.920%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; BingX: live order book, 15 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 Gate live order book, 3 min ago	7.96 bp	55.7 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	3.91 bp	21.4 bp −$21	71.7 bp −$717	436.2 bp −$43.6K	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	0.2746	+0.867%	$1.3M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2731	+0.323%	$11.8M	$22.9M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2755	+1.191%	$540K	$2.1M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2723	+0.033%	$29K	$18K	3x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2767	+1.638%	$5.1M	$10.6M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2733	+0.389%	$5.2M	$10.4M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2731	+0.305%	$26K	$251K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2736	+0.500%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2766	+1.609%	$19K	$518K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2763	+1.502%	$651K	$1.1M	20x	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	+0.0136%	1h	0.2734	+0.445%	$10K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0156%	4h	0.2766	+1.598%	$9.5M	$67.7M	10x	as long as short
edgeX USELESSUSDC	+0.0193%	4h	0.2705	−0.629%	$20K	$196K	10x	as long as short
Extended USELESS-USD	+0.0208%	1h	0.2733	+0.414%	$117K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0208%	4h	0.2768	+1.690%	$11.2M	$6.1M	50x	as long as short
Binance USELESSUSDT	+0.0210%	4h	0.2758	+1.297%	$23.0M	$122.4M	50x	as long as short
Bybit USELESSUSDT	+0.0359%	4h	0.2764	+1.532%	$26.0M	$48.6M	13x	as long as short
ApeX Omni USELESSUSDT	+0.0391%	1h	0.2701	−0.779%	$48K	$698K	25x	as long as short
BingX USELESS-USDTshort	+0.0426%	4h	0.2735	+0.485%	—	$5.3M	—
Variational Omni USELESS	+0.0434%	4h	0.2715	−0.265%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0627%	4h	0.2721	−0.037%	$1.1M	$2.0M	12x	as long as short
Gate USELESS_USDTlong	+0.0768%	4h	0.2722	long leg	$6.8M	$8.6M	50x
Orderly PERP_USELESS_USDC	+0.1148%	4h	0.2734	+0.419%	$21K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2826	+3.820%	$5K	$11K	5.5x	as long as short