USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0227%/8h= −24.8% APRnext payment −$1.13 per $10,000 · paid last 24h −0.103%

Price spread now: OKX against MEXC+0.158%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$680.682% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 7 days−0.170%−$17 · spread now +0.158%, 7d avg −0.071%

Together, before fees−0.361%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.228% dearer against MEXC than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of −0.071%): +$23 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 7 days (−0.192% in total) that is about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC USELESS_USDT	0.2601	0.0430	pay 0.0215% / 4h	14m 31s	$10.5M	$6.2M	50x
Short	OKX USELESS-USDT-SWAP	0.2605	0.0203	get 0.0102% / 4h	14m 31s	$8.9M	$63.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$47.6
Price spread: +0.158% → −0.071%: $22.84
Slippage, 4 orders: −$50.22
Fee MEXC: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$92.98
Costs to cover: 0.682%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; OKX: live order book, 4 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	1.73 bp	22.9 bp −$23	55.5 bp −$555	178.6 bp −$17.9K	596.3 bp −$298.2K
Sell OKX live order book, 4 min ago	1.93 bp	15.5 bp −$15	doesn't fit	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	0.2597	−0.165%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2598	−0.139%	$28K	$66K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2604	+0.088%	$29K	$226K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2610	+0.342%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2596	−0.219%	$18K	$523K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2595	−0.235%	$580K	$1.0M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	0.2601	−0.008%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAPshort	+0.0203%	4h	0.2605	+0.158%	$8.9M	$63.4M	10x
Hyperliquid USELESS	+0.0219%	1h	0.2605	+0.156%	$11.4M	$22.7M	3x	as long as short
Gate USELESS_USDT	+0.0236%	4h	0.2599	−0.100%	$6.5M	$8.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0244%	4h	0.2599	−0.088%	$4.7M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0294%	4h	0.2601	−0.004%	$4.9M	$10.4M	20x	as long as short
edgeX USELESSUSDC	+0.0416%	4h	0.2606	+0.184%	$19K	$197K	10x	as long as short
ApeX Omni USELESSUSDT	+0.0424%	1h	0.2603	+0.069%	$33K	$694K	25x	as long as short
Binance USELESSUSDT	+0.0425%	4h	0.2602	+0.030%	$21.6M	$121.8M	50x	as long as short
MEXC USELESS_USDTlong	+0.0430%	4h	0.2601	long leg	$10.5M	$6.2M	50x
Extended USELESS-USD	+0.0432%	1h	0.2599	−0.073%	$113K	$1.2M	5x	as long as short
BingX USELESS-USDT	+0.0480%	4h	0.2600	−0.065%	—	$5.3M	—	as long as short
Aster USELESSUSDT	+0.0481%	4h	0.2598	−0.115%	$517K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0510%	4h	0.2600	−0.035%	$24.7M	$48.3M	13x	as long as short
Variational Omni USELESS	+0.0639%	4h	0.2602	+0.042%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0740%	4h	0.2596	−0.200%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1320%	4h	0.2599	−0.069%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2757	+5.978%	$5K	$11K	5.5x	as long as short