USELESS

Alert: funding

Alert: spread

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: BingX against edgeX−0.346%70s7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$209as 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

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.427%+$43 · spread now −0.346%, 7d avg −0.034%

Together, before fees+0.516%+ Points / potential airdropedgeX: Active · farm board+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.312% cheaper against edgeX than usual: you would sell low and buy high (spread −0.346% now, against its 7-day average of −0.034%). If the spread goes back, that is −$31 on $10k: about 12 days of funding at the current rate (+$3 a day). 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	edgeX USELESSUSDC	0.2625	0.0403	pay 0.0201% / 4h	4m 14s	$20K	$196K	10x
Short	BingX USELESS-USDT	0.2616	0.0492	get 0.0246% / 4h	4m 14s	—	$5.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.346%Rate

Funding earned: $18.74
Price spread: −0.346% → −0.034%: −$31.2
Slippage, 4 orders: −$199.2
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$230.65
Costs to cover: 2.182%
Break-even: 93.1 days

Slippage from edgeX: live order book, 52 min ago; BingX: live order book, 6 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, 52 min ago	1.37 bp	147.2 bp −$147	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	2.67 bp	20.3 bp −$20	69.2 bp −$692	343.7 bp −$34.4K	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	−0.449%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2614	−0.438%	$28K	$53K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2616	−0.369%	$28K	$228K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2615	−0.411%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2607	−0.704%	$18K	$523K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2616	−0.334%	$589K	$1.0M	20x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	0.2617	−0.302%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0186%	4h	0.2615	−0.376%	$8.9M	$63.6M	10x	as long as short
Gate USELESS_USDT	+0.0206%	4h	0.2606	−0.719%	$6.5M	$8.8M	50x	as long as short
KuCoin USELESSUSDTM	+0.0234%	4h	0.2614	−0.426%	$4.8M	$10.7M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0268%	4h	0.2615	−0.403%	$5.0M	$10.4M	20x	as long as short
Hyperliquid USELESS	+0.0391%	1h	0.2616	−0.338%	$11.5M	$22.7M	3x	as long as short
Binance USELESSUSDT	+0.0397%	4h	0.2616	−0.368%	$21.7M	$121.8M	50x	as long as short
Extended USELESS-USD	+0.0400%	1h	0.2613	−0.459%	$113K	$1.1M	5x	as long as short
edgeX USELESSUSDClong	+0.0403%	4h	0.2625	long leg	$20K	$196K	10x
MEXC USELESS_USDT	+0.0404%	4h	0.2615	−0.380%	$10.5M	$6.2M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0482%	1h	0.2623	−0.087%	$33K	$694K	25x	as long as short
Aster USELESSUSDT	+0.0485%	4h	0.2617	−0.322%	$525K	$2.4M	10x	as long as short
BingX USELESS-USDTshort	+0.0492%	4h	0.2616	−0.346%	—	$5.3M	—
Bybit USELESSUSDT	+0.0505%	4h	0.2613	−0.460%	$24.8M	$48.5M	13x	as long as short
Variational Omni USELESS	+0.0639%	4h	0.2624	−0.042%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0751%	4h	0.2617	−0.304%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1319%	4h	0.2617	−0.315%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2772	+5.592%	$5K	$11K	5.5x	as long as short