Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against edgeX−0.934%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$312as in the Price arb table

costs, in and out, $10k−$2232.227% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 3 days (all we have)+0.958%+$96 · spread now −0.934%, 7d avg −0.041%

Together, before fees+0.968%+ Points / potential airdropedgeX: Active · farm board+$97 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: Binance is 0.893% cheaper against edgeX than usual: you would sell low and buy high, −$89 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX USELESSUSDC	0.2844	0.0488	pay 0.0244% / 4h	2h 54m	$21K	$193K	10x
Short	Binance USELESSUSDT	0.2818	0.0488	get 0.0244% / 4h	2h 54m	$23.8M	$117.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.934%Rate

Funding earned: −$0.02
Price spread: −0.934% → −0.041%: −$89.33
Slippage, 4 orders: −$203.72
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$312.07
Costs to cover: 2.227%
Break-even: never at this rate

Slippage from edgeX: live order book, 12 min ago; Binance: live order book, 3 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 edgeX live order book, 12 min ago	0.86 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.17 bp	19.2 bp −$19	74.9 bp −$749	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	0.2810	−1.201%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2818	−0.913%	$31K	$69K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2819	−0.881%	$9.9M	$66.9M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2809	−1.239%	$7.1M	$8.3M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2834	−0.368%	$39K	$698K	25x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2811	−1.173%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2810	−1.225%	$18K	$514K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2806	−1.359%	$593K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0120%	4h	0.2811	−1.180%	$5.2M	$10.2M	12x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2811	−1.174%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps USELESS-USD	+0.0390%	1h	0.2814	−1.064%	$45K	$183K	3x	as long as short
Extended USELESS-USD	+0.0488%	1h	0.2815	−1.036%	$295K	$1.2M	5x	as long as short
Binance USELESSUSDTshort	+0.0488%	4h	0.2818	−0.934%	$23.8M	$117.4M	50x
edgeX USELESSUSDClong	+0.0488%	4h	0.2844	long leg	$21K	$193K	10x
MEXC USELESS_USDT	+0.0492%	4h	0.2816	−1.018%	$11.0M	$6.0M	50x	as long as short
Bitget USELESSUSDT	+0.0586%	4h	0.2818	−0.930%	$5.4M	$9.9M	20x	as long as short
BingX USELESS-USDT	+0.0692%	4h	0.2822	−0.800%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0829%	4h	0.2818	−0.944%	$27.5M	$46.6M	13x	as long as short
Hyperliquid USELESS	+0.0848%	1h	0.2813	−1.120%	$14.0M	$21.1M	3x	as long as short
Variational Omni USELESS	+0.0962%	4h	0.2815	−1.049%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1039%	4h	0.2809	−1.258%	$646K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1051%	4h	0.2811	−1.173%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1244%	4h	0.2811	−1.180%	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2975	+4.590%	$5K	$9K	5.5x	as long as short