Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%
Price spread now: edgeX against Binance+1.252%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$2232.235% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 3 days (all we have)−1.136%−$114 · spread now +1.252%, 7d avg +0.061%
=Together, before fees−1.145%+ Points / potential airdropedgeX: Active · farm board−$115 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 1.191% dearer against Binance than usual: you sell high and buy low, +$119 on $10k if it goes back to its 7-day average of +0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USELESSUSDT | 0.2944 | 0.0693 | pay 0.0347% / 4h | 2h 55m | $25.6M | $108.4M | 50x |
| Short | edgeX USELESSUSDC | 0.2980 | 0.0690 | get 0.0345% / 4h | 2h 55m | $22K | $188K | 10x |
Binance USELESSUSDT
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Binance. 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
- −$0.75
- Price spread: +1.252% → +0.061%
- $119.09
- Slippage, 4 orders
- −$204.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$105.11
- Costs to cover
- 2.235%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; edgeX: live order book, 31 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 Binance live order book, 3 min ago | 0.17 bp | 12.7 bp −$13 | 64.1 bp −$641 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 31 min ago | 1.51 bp | 172.9 bp −$173 | 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 | 0.2940 | −0.109% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2942 | −0.044% | $33K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2939 | −0.139% | $10.5M | $65.6M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2948 | +0.156% | $28K | $130K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2946 | +0.068% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2942 | −0.048% | $20K | $375K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2937 | −0.238% | $584K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0140% | 4h | 0.2941 | −0.085% | $5.4M | $9.5M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0256% | 1h | 0.2949 | +0.178% | $11K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0292% | 4h | 0.2939 | −0.146% | $7.3M | $7.6M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0328% | 1h | 0.2971 | +0.931% | $42K | $698K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0576% | 4h | 0.2936 | −0.268% | $5.6M | $8.7M | 20x | as long as short |
| edgeX USELESSUSDCshort | +0.0690% | 4h | 0.2980 | +1.252% | $22K | $188K | 10x | |
| Binance USELESSUSDTlong | +0.0693% | 4h | 0.2944 | long leg | $25.6M | $108.4M | 50x | |
| Extended USELESS-USD | +0.0696% | 1h | 0.2944 | +0.020% | $310K | $967K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0698% | 4h | 0.2942 | −0.041% | $21.7M | $5.7M | 50x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1116% | 4h | 0.2946 | +0.092% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1195% | 4h | 0.2985 | +1.420% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1377% | 4h | 0.2946 | +0.087% | $685K | $2.1M | 10x | as long as short |
| BingX USELESS-USDT | +0.1486% | 4h | 0.2938 | −0.190% | — | $4.9M | — | as long as short |
| Bybit USELESSUSDT | +0.1495% | 4h | 0.2943 | −0.017% | $29.7M | $42.3M | 13x | as long as short |
| Hyperliquid USELESS | +0.1666% | 1h | 0.2952 | +0.272% | $15.1M | $19.7M | 3x | as long as short |
| BloFin USELESS-USDT | +0.2076% | 4h | 0.2945 | +0.044% | $1.3M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3116 | +5.847% | $5K | $10K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP