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: Bitget against edgeX+0.824%84s7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$266as 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−$2582.584% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 3 days (all we have)−0.872%−$87 · spread now +0.824%, 7d avg −0.062%
=Together, before fees−0.949%+ Points / potential airdropedgeX: Active · farm board−$95 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.887% dearer against edgeX than usual: you sell high and buy low (spread +0.824% now, against its 7-day average of −0.062%): +$89 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.076% in total) that is about 3 months. The two prices were read 84 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 -0.076% 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 | edgeX USELESSUSDC | 0.2803 | 0.0496 | pay 0.0248% / 4h | 12m 03s | $21K | $193K | 10x |
| Short | Bitget USELESSUSDT | 0.2826 | 0.0298 | get 0.0149% / 4h | 12m 03s | $5.4M | $9.4M | 20x |
edgeX USELESSUSDC
Bitget USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against edgeX. 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
- −$41.6
- Price spread: +0.824% → −0.062%
- $88.65
- Slippage, 4 orders
- −$237.35
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$211.3
- Costs to cover
- 2.584%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 65 min ago; Bitget: live order book, 1 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, 65 min ago | 1.28 bp | 84.4 bp −$84 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 5.14 bp | 24.2 bp −$24 | 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 | 0.2825 | +0.771% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2821 | +0.631% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2826 | +0.803% | $9.9M | $66.7M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2799 | −0.150% | $39K | $702K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2824 | +0.735% | $39K | $161K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2823 | +0.692% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2819 | +0.578% | $19K | $498K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2822 | +0.653% | $576K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2824 | +0.738% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0204% | 4h | 0.2826 | +0.803% | $5.2M | $10.0M | 12x | 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
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDTshort | +0.0298% | 4h | 0.2826 | +0.824% | $5.4M | $9.4M | 20x | |
| Gate USELESS_USDT | +0.0364% | 4h | 0.2822 | +0.667% | $7.1M | $8.3M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0492% | 4h | 0.2823 | +0.696% | $10.4M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0494% | 4h | 0.2827 | +0.831% | $23.8M | $116.5M | 50x | as long as short |
| Extended USELESS-USD | +0.0496% | 1h | 0.2824 | +0.753% | $297K | $966K | 5x | as long as short |
| edgeX USELESSUSDClong | +0.0496% | 4h | 0.2803 | long leg | $21K | $193K | 10x | |
| BingX USELESS-USDT | +0.0890% | 4h | 0.2826 | +0.820% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.0950% | 4h | 0.2827 | +0.860% | $27.8M | $45.8M | 13x | as long as short |
| Aster USELESSUSDT | +0.1057% | 4h | 0.2819 | +0.552% | $648K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1081% | 4h | 0.2807 | +0.123% | $1.2M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1217% | 4h | 0.2823 | +0.713% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1323% | 4h | 0.2825 | +0.774% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1537% | 1h | 0.2828 | +0.885% | $14.1M | $21.1M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2971 | +5.979% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
BingX USELESS-USDT
Bybit USELESSUSDT
Aster USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP