Funding you earn now, next payment 00:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.99 per $10,000 · paid last 24h +0.025%
Price spread now: edgeX against Bitget−0.118%7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$230as in the Funding arb table
Net, price: spread back to 7d avg − costs−$255as in the Price arb table
costs, in and out, $10k−$2372.375% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 3 days (all we have)+0.166%+$17 · spread now −0.118%, 7d avg +0.062%
=Together, before fees+0.242%+ Points / potential airdropedgeX: Active · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.180% cheaper against Bitget than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.062%). If the spread goes back, that is −$18 on $10k: about 3.0 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.076% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.99 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 | Bitget USELESSUSDT | 0.2822 | 0.0298 | pay 0.0149% / 4h | 11m 19s | $5.3M | $9.4M | 20x |
| Short | edgeX USELESSUSDC | 0.2818 | 0.0496 | get 0.0248% / 4h | 11m 19s | $21K | $192K | 10x |
Bitget USELESSUSDT
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bitget. 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
- $41.67
- Price spread: −0.118% → +0.062%
- −$18.01
- Slippage, 4 orders
- −$216.47
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$213.81
- Costs to cover
- 2.375%
- Break-even
- 42.9 days
Slippage from Bitget: live order book, 2 min ago; edgeX: live order book, just now.
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 Bitget live order book, 2 min ago | 5.14 bp | 36.2 bp −$36 | 116.3 bp −$1,163 | doesn't fit | doesn't fit |
| Sell edgeX live order book, just now | 0.71 bp | 75.7 bp −$76 | 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 | 0.2824 | +0.096% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2824 | +0.096% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2822 | 0.000% | $9.9M | $66.7M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2822 | −0.007% | $39K | $162K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2825 | +0.110% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2819 | −0.085% | $19K | $498K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2822 | −0.011% | $576K | $1.2M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0102% | 1h | 0.2812 | −0.347% | $39K | $701K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2824 | +0.073% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0202% | 4h | 0.2818 | −0.135% | $5.2M | $10.0M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
ApeX Omni USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDTlong | +0.0298% | 4h | 0.2822 | long leg | $5.3M | $9.4M | 20x | |
| Gate USELESS_USDT | +0.0364% | 4h | 0.2819 | −0.099% | $7.0M | $8.3M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0494% | 4h | 0.2823 | +0.057% | $10.4M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0494% | 4h | 0.2823 | +0.057% | $23.8M | $116.5M | 50x | as long as short |
| Extended USELESS-USD | +0.0496% | 1h | 0.2823 | +0.037% | $297K | $966K | 5x | as long as short |
| edgeX USELESSUSDCshort | +0.0496% | 4h | 0.2818 | −0.118% | $21K | $192K | 10x | |
| BingX USELESS-USDT | +0.0890% | 4h | 0.2823 | +0.035% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.0943% | 4h | 0.2823 | +0.032% | $27.7M | $45.8M | 13x | as long as short |
| Variational Omni USELESS | +0.1029% | 4h | 0.2823 | +0.044% | $1.2M | $1.8M | — | as long as short |
| Aster USELESSUSDT | +0.1067% | 4h | 0.2820 | −0.074% | $648K | $2.3M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1217% | 4h | 0.2823 | +0.050% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1321% | 4h | 0.2824 | +0.067% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1525% | 1h | 0.2824 | +0.078% | $14.1M | $21.1M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2971 | +5.280% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP