Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.001%
Price spread now: MEXC against edgeX−1.117%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$311as in the Price arb table
costs, in and out, $10k−$2012.008% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+1.102%+$110 · spread now −1.117%, 7d avg −0.011%
=Together, before fees+1.114%+ Points / potential airdropedgeX: Active · farm board+$111 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: MEXC is 1.106% cheaper against edgeX than usual: you would sell low and buy high, −$111 on $10k if it goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX USELESSUSDC | 0.2691 | 0.0216 | pay 0.0108% / 4h | 2h 38m | $20K | $195K | 10x |
| Short | MEXC USELESS_USDT | 0.2661 | 0.0222 | get 0.0111% / 4h | 2h 38m | $10.8M | $6.0M | 50x |
edgeX USELESSUSDC
MEXC USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $1.36
- Price spread: −1.117% → −0.011%
- −$110.6
- Slippage, 4 orders
- −$183.82
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$310.06
- Costs to cover
- 2.008%
- Break-even
- 1602.0 days
Slippage from edgeX: live order book, 8 min ago; MEXC: live order book, 4 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, 8 min ago | 0.75 bp | 92.1 bp −$92 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.56 bp | 6.8 bp −$7 | 40.6 bp −$406 | 140.0 bp −$14.0K | 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 | 0.2660 | −1.161% | $1.2M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2659 | −1.183% | $11.5M | $22.8M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2655 | −1.351% | $520K | $2.3M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2643 | −1.788% | $28K | $18K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2643 | −1.785% | $25K | $246K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2661 | −1.120% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2653 | −1.421% | $18K | $519K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2657 | −1.269% | $630K | $1.1M | 20x | as long as short |
| Bitget USELESSUSDT | +0.0108% | 4h | 0.2657 | −1.258% | $5.1M | $10.4M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0120% | 4h | 0.2655 | −1.343% | $4.8M | $10.6M | 12x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Aster USELESSUSDT
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Bitget USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0136% | 1h | 0.2657 | −1.289% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0139% | 4h | 0.2660 | −1.161% | $9.1M | $64.8M | 10x | as long as short |
| Extended USELESS-USD | +0.0200% | 1h | 0.2661 | −1.140% | $113K | $1.1M | 5x | as long as short |
| Binance USELESSUSDT | +0.0202% | 4h | 0.2661 | −1.120% | $22.2M | $122.1M | 50x | as long as short |
| edgeX USELESSUSDClong | +0.0216% | 4h | 0.2691 | long leg | $20K | $195K | 10x | |
| MEXC USELESS_USDTshort | +0.0222% | 4h | 0.2661 | −1.117% | $10.8M | $6.0M | 50x | |
| Bybit USELESSUSDT | +0.0345% | 4h | 0.2656 | −1.291% | $25.1M | $48.5M | 13x | as long as short |
| BingX USELESS-USDT | +0.0390% | 4h | 0.2660 | −1.169% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0513% | 4h | 0.2699 | +0.293% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0585% | 4h | 0.2659 | −1.195% | $1.1M | $2.0M | 12x | as long as short |
| Gate USELESS_USDT | +0.0590% | 4h | 0.2652 | −1.458% | $6.6M | $8.6M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0844% | 1h | 0.2694 | +0.102% | $48K | $698K | 25x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1197% | 4h | 0.2657 | −1.254% | $21K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2826 | +5.014% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
Extended USELESS-USD
Binance USELESSUSDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP