USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0489%/8h= −53.6% APRnext payment −$2.45 per $10,000 · paid last 24h −0.104%

Price spread now: edgeX against BloFin+0.524%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$301as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$2422.416% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.592%−$59 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.524%, 7d avg +0.033%

Together, before fees−0.784%+ Points / potential airdropedgeX: Active · farm board−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.491% dearer against BloFin than usual: you sell high and buy low (spread +0.524% now, against its 7-day average of +0.033%): +$49 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin USELESS-USDT	0.2626	0.0794	pay 0.0397% / 4h	3h 10m	$1.1M	$1.9M	12x
Short	edgeX USELESSUSDC	0.2640	0.0305	get 0.0152% / 4h	3h 10m	$20K	$196K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now +0.524%Rate

Funding earned: −$102.77
Price spread: +0.524% → +0.033%: $49.08
Slippage, 4 orders: −$220.57
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$295.25
Costs to cover: 2.416%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; edgeX: live order book, 41 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 BloFin live order book, 2 min ago	6.45 bp	22.7 bp −$23	46.9 bp −$469	doesn't fit	doesn't fit
Sell edgeX live order book, 41 min ago	0.95 bp	44.2 bp −$44	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	0.2624	−0.072%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2628	+0.084%	$28K	$18K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2625	−0.046%	$25K	$237K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2625	−0.061%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2625	−0.046%	$18K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2626	−0.011%	$609K	$1.1M	20x	as long as short
Gate USELESS_USDT	+0.0102%	4h	0.2628	+0.080%	$6.6M	$8.6M	50x	as long as short
Aster USELESSUSDT	+0.0121%	4h	0.2631	+0.186%	$520K	$2.4M	10x	as long as short
Bitget USELESSUSDT	+0.0134%	4h	0.2630	+0.148%	$5.0M	$10.3M	20x	as long as short
Aevo USELESS-PERP	+0.0160%	1h	0.2621	−0.215%	$9K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX USELESS-USDT-SWAP	+0.0161%	4h	0.2632	+0.217%	$8.9M	$63.6M	10x	as long as short
KuCoin USELESSUSDTM	+0.0186%	4h	0.2630	+0.129%	$4.8M	$10.7M	12x	as long as short
Binance USELESSUSDT	+0.0303%	4h	0.2632	+0.203%	$22.0M	$121.5M	50x	as long as short
Extended USELESS-USD	+0.0304%	1h	0.2625	−0.038%	$112K	$1.1M	5x	as long as short
edgeX USELESSUSDCshort	+0.0305%	4h	0.2640	+0.524%	$20K	$196K	10x
MEXC USELESS_USDT	+0.0306%	4h	0.2627	+0.023%	$10.6M	$6.1M	50x	as long as short
Hyperliquid USELESS	+0.0358%	1h	0.2632	+0.209%	$11.5M	$22.6M	3x	as long as short
ApeX Omni USELESSUSDT	+0.0369%	1h	0.2634	+0.293%	$36K	$695K	25x	as long as short
Bybit USELESSUSDT	+0.0545%	4h	0.2631	+0.194%	$24.8M	$48.4M	13x	as long as short
Variational Omni USELESS	+0.0589%	4h	0.2624	−0.089%	$1.0M	$1.8M	—	as long as short
BingX USELESS-USDT	+0.0594%	4h	0.2633	+0.251%	—	$5.3M	—	as long as short
BloFin USELESS-USDTlong	+0.0794%	4h	0.2626	long leg	$1.1M	$1.9M	12x
Orderly PERP_USELESS_USDC	+0.1272%	4h	0.2626	−0.008%	$20K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2792	+6.324%	$5K	$11K	5.5x	as long as short