Funding you earn now, next payment 04:00 UTC+0.0224%/8h= +24.5% APRnext payment +$1.12 per $10,000 · paid last 24h +0.040%
Price spread now: BingX against MEXC+0.050%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$740.744% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 7 days−0.078%−$8 · spread now +0.050%, 7d avg −0.016%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.066% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.016%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USELESS_USDT | 0.2821 | 0.0578 | pay 0.0289% / 4h | 1h 59m | $11.0M | $5.9M | 50x |
| Short | BingX USELESS-USDT | 0.2823 | 0.0802 | get 0.0401% / 4h | 1h 59m | — | $5.1M | — |
MEXC USELESS_USDT
BingX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $47.04
- Price spread: +0.050% → −0.016%
- $6.56
- Slippage, 4 orders
- −$56.43
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$20.83
- Costs to cover
- 0.744%
- Break-even
- 10.1 days
Slippage from MEXC: live order book, 4 min ago; BingX: 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, 4 min ago | 0.18 bp | 10.5 bp −$11 | 50.7 bp −$507 | 172.0 bp −$17.2K | doesn't fit |
| Sell BingX live order book, 6 min ago | 3.03 bp | 20.8 bp −$21 | 68.8 bp −$688 | 365.0 bp −$36.5K | 1017.5 bp −$508.7K |
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 | −0.213% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2823 | +0.057% | $31K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2816 | −0.206% | $7.1M | $8.4M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2819 | −0.085% | $28K | $204K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2818 | −0.124% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2821 | 0.000% | $18K | $503K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2808 | −0.461% | $611K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0121% | 4h | 0.2821 | −0.032% | $9.9M | $66.1M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2818 | −0.107% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0226% | 4h | 0.2819 | −0.082% | $5.2M | $10.4M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0552% | 4h | 0.2812 | −0.344% | $21K | $195K | 10x | as long as short |
| MEXC USELESS_USDTlong | +0.0578% | 4h | 0.2821 | long leg | $11.0M | $5.9M | 50x | |
| Bitget USELESSUSDT | +0.0582% | 4h | 0.2819 | −0.071% | $5.4M | $9.9M | 20x | as long as short |
| Extended USELESS-USD | +0.0592% | 1h | 0.2816 | −0.189% | $300K | $1.1M | 5x | as long as short |
| Binance USELESSUSDT | +0.0595% | 4h | 0.2823 | +0.055% | $23.9M | $117.0M | 50x | as long as short |
| Hyperliquid USELESS | +0.0603% | 1h | 0.2818 | −0.114% | $14.0M | $20.7M | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0736% | 1h | 0.2808 | −0.475% | $39K | $700K | 25x | as long as short |
| BingX USELESS-USDTshort | +0.0802% | 4h | 0.2823 | +0.050% | — | $5.1M | — | |
| Variational Omni USELESS | +0.0921% | 4h | 0.2810 | −0.400% | $1.2M | $1.7M | — | as long as short |
| Bybit USELESSUSDT | +0.1007% | 4h | 0.2817 | −0.156% | $27.4M | $46.2M | 13x | as long as short |
| Aster USELESSUSDT | +0.1107% | 4h | 0.2819 | −0.088% | $627K | $2.3M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1340% | 4h | 0.2819 | −0.085% | $22K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2990 | +5.976% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
Bitget USELESSUSDT
Extended USELESS-USD
Binance USELESSUSDT
Hyperliquid USELESS
ApeX Omni USELESSUSDT
Variational Omni USELESS
Bybit USELESSUSDT
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP