Funding you earn now, next payment 22:00 UTC−0.4311%/8h= −472.1% APRpaid last 24h +1.401%
Price spread now: edgeX against Injective−4.583%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$129 a day on $10k at the current rate, and edgeX is 4.583% cheaper against Injective than usual: you would sell low and buy high (−$458 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USELESS/USDC PERP | 0.3080 | 0.5000 | pay 0.0625% / 1h | 51m 42s | $5K | $10K | 5.5x |
| Short | edgeX USELESSUSDC | 0.2939 | 0.0689 | get 0.0344% / 4h | 2h 51m | $22K | $188K | 10x |
Injective USELESS/USDC PERP
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Injective. 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
- −$905.34
- Price spread: −4.583% → 0.000%
- −$458.28
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$1,372.64
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; edgeX: live order book, 35 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 35 min ago | 1.51 bp | 172.9 bp −$173 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2865 | −6.977% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2871 | −6.803% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2868 | −6.889% | $10.1M | $64.3M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2878 | −6.545% | $29K | $134K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2877 | −6.607% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2875 | −6.669% | $19K | $376K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2867 | −6.928% | $569K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0142% | 4h | 0.2862 | −7.068% | $5.3M | $9.6M | 12x | as long as short |
| Gate USELESS_USDT | +0.0156% | 4h | 0.2865 | −6.984% | $7.1M | $7.7M | 50x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2880 | −6.503% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Gate USELESS_USDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0328% | 1h | 0.2971 | −3.542% | $42K | $698K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0568% | 4h | 0.2870 | −6.808% | $5.5M | $8.8M | 20x | as long as short |
| MEXC USELESS_USDT | +0.0670% | 4h | 0.2869 | −6.841% | $21.0M | $5.8M | 50x | as long as short |
| Binance USELESSUSDT | +0.0671% | 4h | 0.2870 | −6.821% | $24.8M | $109.4M | 50x | as long as short |
| Extended USELESS-USD | +0.0672% | 1h | 0.2869 | −6.844% | $301K | $967K | 5x | as long as short |
| edgeX USELESSUSDCshort | +0.0689% | 4h | 0.2939 | −4.583% | $22K | $188K | 10x | |
| Orderly PERP_USELESS_USDC | +0.1113% | 4h | 0.2878 | −6.545% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1195% | 4h | 0.2985 | −3.075% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1295% | 4h | 0.2868 | −6.886% | $662K | $2.1M | 10x | as long as short |
| Hyperliquid USELESS | +0.1299% | 1h | 0.2868 | −6.876% | $14.7M | $19.6M | 3x | as long as short |
| Bybit USELESSUSDT | +0.1404% | 4h | 0.2871 | −6.802% | $28.9M | $42.7M | 13x | as long as short |
| BingX USELESS-USDT | +0.1468% | 4h | 0.2871 | −6.795% | — | $4.9M | — | as long as short |
| BloFin USELESS-USDT | +0.2000% | 4h | 0.2893 | −6.058% | $1.3M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERPlong | +0.5000% | 1h | 0.3080 | long leg | $5K | $10K | 5.5x |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Aster USELESSUSDT
Hyperliquid USELESS
Bybit USELESSUSDT
BingX USELESS-USDT
BloFin USELESS-USDT