Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC−0.050%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$570.575% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.063%+$6 · spread now −0.050%, 7d avg 0.000%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.050% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USELESS_USDT | 0.2611 | 0.0434 | pay 0.0217% / 4h | 22m 18s | $10.5M | $6.2M | 50x |
| Short | Binance USELESSUSDT | 0.2609 | 0.0433 | get 0.0217% / 4h | 22m 18s | $21.8M | $122.7M | 50x |
MEXC USELESS_USDT
Binance USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- −$0.18
- Price spread: −0.050% → 0.000%
- −$4.99
- Slippage, 4 orders
- −$39.47
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$62.64
- Costs to cover
- 0.575%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Binance: live order book, 6 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 MEXC live order book, 1 min ago | 0.19 bp | 8.9 bp −$9 | 58.0 bp −$580 | 143.1 bp −$14.3K | 564.4 bp −$282.2K |
| Sell Binance live order book, 6 min ago | 0.19 bp | 17.8 bp −$18 | 54.4 bp −$544 | 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 | 0.2610 | −0.031% | $1.2M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2603 | −0.276% | $11.6M | $22.5M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2580 | −1.156% | $29K | $64K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2603 | −0.306% | $31K | $224K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2602 | −0.314% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2612 | +0.046% | $18K | $522K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2610 | −0.034% | $584K | $1.0M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0192% | 1h | 0.2615 | +0.151% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0198% | 4h | 0.2607 | −0.142% | $9.0M | $64.0M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0224% | 4h | 0.2604 | −0.272% | $4.7M | $10.7M | 12x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0248% | 4h | 0.2611 | −0.004% | $6.5M | $8.7M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0318% | 4h | 0.2615 | +0.180% | $5.0M | $10.5M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0339% | 1h | 0.2574 | −1.402% | $33K | $693K | 25x | as long as short |
| Extended USELESS-USD | +0.0432% | 1h | 0.2611 | +0.030% | $113K | $1.2M | 5x | as long as short |
| Binance USELESSUSDTshort | +0.0433% | 4h | 0.2609 | −0.050% | $21.8M | $122.7M | 50x | |
| MEXC USELESS_USDTlong | +0.0434% | 4h | 0.2611 | long leg | $10.5M | $6.2M | 50x | |
| edgeX USELESSUSDC | +0.0441% | 4h | 0.2578 | −1.244% | $19K | $196K | 10x | as long as short |
| Aster USELESSUSDT | +0.0480% | 4h | 0.2606 | −0.164% | $516K | $2.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.0484% | 4h | 0.2611 | +0.011% | $24.7M | $48.5M | 13x | as long as short |
| BingX USELESS-USDT | +0.0488% | 4h | 0.2616 | +0.211% | — | $5.2M | — | as long as short |
| Variational Omni USELESS | +0.0681% | 4h | 0.2564 | −1.776% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0752% | 4h | 0.2582 | −1.076% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1330% | 4h | 0.2615 | +0.165% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2735 | +4.781% | $5K | $11K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
ApeX Omni USELESSUSDT
Extended USELESS-USD
edgeX USELESSUSDC
Aster USELESSUSDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP