USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0134%/8h= +14.6% APRnext payment +$0.67 per $10,000 · paid last 24h +0.136%

Price spread now: Bybit against Gate+0.155%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1371.370% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.155%, 7d avg +0.075%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.080% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USELESS_USDT	0.2906	0.0668	pay 0.0334% / 4h	3h 13m	$7.3M	$8.4M	50x
Short	Bybit USELESSUSDT	0.2910	0.0802	get 0.0401% / 4h	3h 13m	$28.5M	$46.4M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.155%Rate

Funding earned: $28.08
Price spread: +0.155% → +0.075%: $8
Slippage, 4 orders: −$111.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$100.95
Costs to cover: 1.370%
Break-even: 32.2 days

Slippage from Gate: live order book, 5 min ago; Bybit: 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 Gate live order book, 5 min ago	7.16 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.17 bp	19.6 bp −$20	63.0 bp −$630	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	0.2924	+0.626%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2910	+0.151%	$33K	$69K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2909	+0.124%	$10.3M	$68.5M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2921	+0.527%	$50K	$175K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2924	+0.640%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2925	+0.644%	$19K	$511K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2916	+0.344%	$616K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0150%	4h	0.2907	+0.034%	$5.4M	$10.2M	12x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2925	+0.648%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0387%	1h	0.2874	−1.098%	$40K	$699K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0470%	4h	0.2878	−0.975%	$21K	$194K	10x	as long as short
MEXC USELESS_USDT	+0.0486%	4h	0.2910	+0.134%	$11.2M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0503%	4h	0.2908	+0.083%	$24.6M	$116.6M	50x	as long as short
Extended USELESS-USD	+0.0504%	1h	0.2909	+0.112%	$308K	$1.2M	5x	as long as short
Bitget USELESSUSDT	+0.0554%	4h	0.2907	+0.041%	$5.6M	$9.6M	20x	as long as short
Gate USELESS_USDTlong	+0.0668%	4h	0.2906	long leg	$7.3M	$8.4M	50x
Bybit USELESSUSDTshort	+0.0802%	4h	0.2910	+0.155%	$28.5M	$46.4M	13x
BingX USELESS-USDT	+0.0866%	4h	0.2908	+0.059%	—	$5.1M	—	as long as short
Variational Omni USELESS	+0.0969%	4h	0.2879	−0.919%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1077%	4h	0.2917	+0.374%	$671K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1148%	1h	0.2924	+0.619%	$14.7M	$21.0M	3x	as long as short
BloFin USELESS-USDT	+0.1192%	4h	0.2913	+0.258%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1245%	4h	0.2925	+0.671%	$23K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3049	+4.931%	$5K	$9K	5.5x	as long as short