Funding you earn now, next payment 04:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.45 per $10,000 · paid last 24h −0.041%
Price spread now: edgeX against BingX+0.347%70s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2182.182% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)−0.429%−$43 · spread now +0.347%, 7d avg +0.034%
=Together, before fees−0.517%+ Points / potential airdropedgeX: Active · farm board−$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.313% dearer against BingX than usual: you sell high and buy low (spread +0.347% now, against its 7-day average of +0.034%): +$31 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.088% in total) that is about 25 days. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX USELESS-USDT | 0.2616 | 0.0492 | pay 0.0246% / 4h | 4m 21s | — | $5.3M | — |
| Short | edgeX USELESSUSDC | 0.2625 | 0.0403 | get 0.0201% / 4h | 4m 21s | $20K | $196K | 10x |
BingX USELESS-USDT
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against BingX. 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
- −$18.74
- Price spread: +0.347% → +0.034%
- $31.32
- Slippage, 4 orders
- −$199.2
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$205.63
- Costs to cover
- 2.182%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; edgeX: live order book, 52 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 BingX live order book, 6 min ago | 2.67 bp | 22.0 bp −$22 | 60.6 bp −$606 | 418.7 bp −$41.9K | doesn't fit |
| Sell edgeX live order book, 52 min ago | 1.37 bp | 28.7 bp −$29 | 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 | 0.2614 | −0.103% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2614 | −0.092% | $28K | $53K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2616 | −0.023% | $28K | $228K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2615 | −0.065% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2607 | −0.359% | $18K | $523K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2616 | +0.011% | $589K | $1.0M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0184% | 1h | 0.2617 | +0.044% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0186% | 4h | 0.2615 | −0.031% | $8.9M | $63.6M | 10x | as long as short |
| Gate USELESS_USDT | +0.0206% | 4h | 0.2606 | −0.375% | $6.5M | $8.8M | 50x | as long as short |
| KuCoin USELESSUSDTM | +0.0234% | 4h | 0.2614 | −0.080% | $4.8M | $10.7M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
Gate USELESS_USDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0268% | 4h | 0.2615 | −0.057% | $5.0M | $10.4M | 20x | as long as short |
| Hyperliquid USELESS | +0.0391% | 1h | 0.2616 | +0.008% | $11.5M | $22.7M | 3x | as long as short |
| Binance USELESSUSDT | +0.0397% | 4h | 0.2616 | −0.022% | $21.7M | $121.8M | 50x | as long as short |
| Extended USELESS-USD | +0.0400% | 1h | 0.2613 | −0.113% | $113K | $1.1M | 5x | as long as short |
| edgeX USELESSUSDCshort | +0.0403% | 4h | 0.2625 | +0.347% | $20K | $196K | 10x | |
| MEXC USELESS_USDT | +0.0404% | 4h | 0.2615 | −0.034% | $10.5M | $6.2M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0482% | 1h | 0.2623 | +0.260% | $33K | $694K | 25x | as long as short |
| Aster USELESSUSDT | +0.0485% | 4h | 0.2617 | +0.024% | $525K | $2.4M | 10x | as long as short |
| BingX USELESS-USDTlong | +0.0492% | 4h | 0.2616 | long leg | — | $5.3M | — | |
| Bybit USELESSUSDT | +0.0505% | 4h | 0.2613 | −0.115% | $24.8M | $48.5M | 13x | as long as short |
| Variational Omni USELESS | +0.0639% | 4h | 0.2624 | +0.305% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0751% | 4h | 0.2617 | +0.042% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1319% | 4h | 0.2617 | +0.031% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2772 | +5.959% | $5K | $11K | 5.5x | as long as short |
Bitget USELESSUSDT
Hyperliquid USELESS
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
ApeX Omni USELESSUSDT
Aster USELESSUSDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP