Funding you earn now, next payment 04:00 UTC−0.0450%/8h= −49.2% APRnext payment −$2.25 per $10,000 · paid last 24h −0.100%
Price spread now: OKX against edgeX+0.043%61s7-day average −0.089% · you sell dearer than you buy
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−$2272.271% of the position
Funding, last 7 days−0.181%−$18 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.043%, 7d avg −0.089%
=Together, before fees−0.148%+ Points / potential airdropedgeX: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.132% dearer against edgeX than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.089%): +$13 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.181% in total) that is about 5.1 days. The two prices were read 61 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 -0.181% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.25 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 | 0.2821 | 0.0550 | pay 0.0275% / 4h | 2h 28m | $21K | $195K | 10x |
| Short | OKX USELESS-USDT-SWAP | 0.2822 | 0.0100 | get 0.0050% / 4h | 2h 28m | $10.0M | $66.7M | 10x |
edgeX USELESSUSDC
OKX USELESS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$94.42
- Price spread: +0.043% → −0.089%
- $13.23
- Slippage, 4 orders
- −$208.08
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$308.27
- Costs to cover
- 2.271%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 38 min ago; OKX: live order book, 5 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, 38 min ago | 0.86 bp | 33.8 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.53 bp | 18.9 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
USELESS on 23 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 | 0.2817 | −0.163% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2818 | −0.116% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAPshort | +0.0100% | 4h | 0.2822 | +0.043% | $10.0M | $66.7M | 10x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2820 | −0.049% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2814 | −0.262% | $18K | $519K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2798 | −0.822% | $601K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0134% | 4h | 0.2811 | −0.350% | $5.2M | $10.3M | 12x | as long as short |
| Gate USELESS_USDT | +0.0140% | 4h | 0.2817 | −0.148% | $7.1M | $8.4M | 50x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2806 | −0.550% | $10K | — | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0538% | 1h | 0.2824 | +0.107% | $31K | $198K | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Gate USELESS_USDT
Aevo USELESS-PERP
Polymarket Perps USELESS-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC USELESS_USDT | +0.0540% | 4h | 0.2821 | 0.000% | $11.0M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0541% | 4h | 0.2823 | +0.050% | $23.9M | $117.5M | 50x | as long as short |
| Extended USELESS-USD | +0.0544% | 1h | 0.2822 | +0.033% | $302K | $1.2M | 5x | as long as short |
| edgeX USELESSUSDClong | +0.0550% | 4h | 0.2821 | long leg | $21K | $195K | 10x | |
| Bitget USELESSUSDT | +0.0572% | 4h | 0.2822 | +0.039% | $5.4M | $9.9M | 20x | as long as short |
| BingX USELESS-USDT | +0.0632% | 4h | 0.2826 | +0.174% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0647% | 4h | 0.2820 | −0.042% | $27.4M | $46.5M | 13x | as long as short |
| ApeX Omni USELESSUSDT | +0.0827% | 1h | 0.2826 | +0.174% | $39K | $699K | 25x | as long as short |
| Variational Omni USELESS | +0.0851% | 4h | 0.2824 | +0.090% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1053% | 4h | 0.2812 | −0.305% | $646K | $2.3M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1269% | 4h | 0.2809 | −0.439% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1322% | 1h | 0.2822 | +0.039% | $14.1M | $20.9M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2984 | +5.768% | $5K | $9K | 5.5x | as long as short |
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Bitget USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
ApeX Omni USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP