Funding you earn now, next payment 00:00 UTC−0.0757%/8h= −82.9% APRnext payment −$3.79 per $10,000 · paid last 24h −0.015%
Price spread now: edgeX against Bybit−0.315%91s7-day average +0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$245as 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−$2422.418% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 3 days (all we have)+0.478%+$48 · spread now −0.315%, 7d avg +0.072%
=Together, before fees+0.445%+ Points / potential airdropedgeX: Active · farm board+$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and edgeX is 0.387% cheaper against Bybit than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of +0.072%). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.79 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 | Bybit USELESSUSDT | 0.2903 | 0.1450 | pay 0.0725% / 4h | 2h 50m | $29.2M | $42.7M | 13x |
| Short | edgeX USELESSUSDC | 0.2894 | 0.0693 | get 0.0346% / 4h | 2h 50m | $22K | $189K | 10x |
Bybit USELESSUSDT
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bybit. 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
- −$159
- Price spread: −0.315% → +0.072%
- −$38.71
- Slippage, 4 orders
- −$221.82
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$439.53
- Costs to cover
- 2.418%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; edgeX: live order book, 36 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 Bybit live order book, 4 min ago | 0.17 bp | 20.5 bp −$21 | 84.5 bp −$845 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 36 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 | 0.2896 | −0.224% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2890 | −0.451% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2897 | −0.200% | $10.3M | $65.0M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2894 | −0.307% | $41K | $697K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2900 | −0.114% | $28K | $135K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2900 | −0.090% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2894 | −0.307% | $20K | $376K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2895 | −0.272% | $575K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0138% | 4h | 0.2900 | −0.114% | $5.4M | $9.6M | 12x | as long as short |
| Gate USELESS_USDT | +0.0194% | 4h | 0.2893 | −0.338% | $7.2M | $7.7M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2897 | −0.214% | $10K | — | 3x | as long as short |
| Bitget USELESSUSDT | +0.0572% | 4h | 0.2897 | −0.207% | $5.5M | $8.8M | 20x | as long as short |
| Binance USELESSUSDT | +0.0661% | 4h | 0.2900 | −0.107% | $25.1M | $109.5M | 50x | as long as short |
| Extended USELESS-USD | +0.0664% | 1h | 0.2899 | −0.138% | $305K | $967K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0670% | 4h | 0.2898 | −0.152% | $21.3M | $5.8M | 50x | as long as short |
| edgeX USELESSUSDCshort | +0.0693% | 4h | 0.2894 | −0.315% | $22K | $189K | 10x | |
| Orderly PERP_USELESS_USDC | +0.1117% | 4h | 0.2899 | −0.127% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1192% | 4h | 0.2881 | −0.757% | $1.1M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1292% | 4h | 0.2893 | −0.356% | $667K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1394% | 4h | 0.2901 | −0.072% | — | $4.9M | — | as long as short |
| Hyperliquid USELESS | +0.1446% | 1h | 0.2904 | +0.024% | $14.8M | $19.6M | 3x | as long as short |
| Bybit USELESSUSDTlong | +0.1450% | 4h | 0.2903 | long leg | $29.2M | $42.7M | 13x | |
| BloFin USELESS-USDT | +0.1917% | 4h | 0.2877 | −0.885% | $1.3M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3054 | +5.212% | $5K | $10K | 5.5x | as long as short |
Aevo USELESS-PERP
Bitget USELESSUSDT
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Aster USELESSUSDT
BingX USELESS-USDT
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP