USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0388%/8h= −42.5% APRnext payment −$1.94 per $10,000 · paid last 24h +0.092%

Price spread now: edgeX against Gate+0.271%82s7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$267as 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−$2822.819% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.271%, 7d avg +0.146%

Together, before fees+0.038%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.125% dearer against Gate than usual: you sell high and buy low (spread +0.271% now, against its 7-day average of +0.146%): +$12 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 7 days funding on this pair paid +0.154%, so the current rate has only just turned against you. The two prices were read 82 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 0.154% in total (about 8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.94 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	Gate USELESS_USDT	0.2837	0.0646	pay 0.0323% / 4h	1h 04m	$7.1M	$8.7M	50x
Short	edgeX USELESSUSDC	0.2845	0.0258	get 0.0129% / 4h	1h 04m	$21K	$197K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.271%Rate

Funding earned: −$81.48
Price spread: +0.271% → +0.146%: $12.49
Slippage, 4 orders: −$257.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$350.9
Costs to cover: 2.819%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; edgeX: live order book, 38 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 Gate live order book, 4 min ago	6.87 bp	51.3 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 38 min ago	1.08 bp	71.0 bp −$71	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	0.2838	+0.046%	$1.3M	$1.3M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2836	−0.030%	$30K	$19K	3x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2839	+0.060%	$5.2M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2838	+0.042%	$5.5M	$10.5M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2841	+0.130%	$28K	$267K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2841	+0.148%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2843	+0.211%	$20K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2842	+0.173%	$651K	$1.2M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0109%	4h	0.2838	+0.049%	$9.8M	$71.0M	10x	as long as short
Aster USELESSUSDT	+0.0126%	4h	0.2841	+0.148%	$556K	$2.2M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0152%	1h	0.2838	+0.022%	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0193%	1h	0.2840	+0.102%	$12.4M	$23.4M	3x	as long as short
edgeX USELESSUSDCshort	+0.0258%	4h	0.2845	+0.271%	$21K	$197K	10x
Binance USELESSUSDT	+0.0263%	4h	0.2840	+0.099%	$23.6M	$124.6M	50x	as long as short
Extended USELESS-USD	+0.0264%	1h	0.2839	+0.084%	$242K	$896K	5x	as long as short
MEXC USELESS_USDT	+0.0268%	4h	0.2840	+0.116%	$11.9M	$6.2M	50x	as long as short
Bybit USELESSUSDT	+0.0482%	4h	0.2838	+0.056%	$26.8M	$49.4M	13x	as long as short
BingX USELESS-USDT	+0.0508%	4h	0.2840	+0.102%	—	$5.3M	—	as long as short
ApeX Omni USELESSUSDT	+0.0529%	1h	0.2843	+0.215%	$52K	$701K	25x	as long as short
Variational Omni USELESS	+0.0561%	4h	0.2851	+0.479%	$1.2M	$1.9M	—	as long as short
Gate USELESS_USDTlong	+0.0646%	4h	0.2837	long leg	$7.1M	$8.7M	50x
BloFin USELESS-USDT	+0.0738%	4h	0.2839	+0.067%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0951%	4h	0.2840	+0.109%	$22K	$1.5M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3013	+6.218%	$5K	$11K	5.5x	as long as short