Funding you earn now, next payment 04:00 UTC+0.0438%/8h= +48.0% APRpaid last 24h +0.112%
Price spread now: edgeX against Lighter−0.123%79s7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as 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−$2102.099% of the position
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.123%, 7d avg +0.066%
=Together, before fees+0.046%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.189% cheaper against Lighter than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of +0.066%). If the spread goes back, that is −$19 on $10k: about 35 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.126% in total) that is about 11 days. The two prices were read 79 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 0.126% in total (about 6.6% a year). A funding rate is set anew for every payment. 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 | Lighter USELESS | 0.2548 | 0.0096 | pay 0.0012% / 1h | 52m 16s | $1.2M | $1.2M | 3x |
| Short | edgeX USELESSUSDC | 0.2544 | 0.0534 | get 0.0267% / 4h | 52m 16s | $19K | $195K | 10x |
Lighter USELESS
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Lighter. 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
- $92.08
- Price spread: −0.123% → +0.066%
- −$18.92
- Slippage, 4 orders
- −$200.95
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$136.79
- Costs to cover
- 2.099%
- Break-even
- 17.4 days
Slippage from Lighter: live order book, 4 min ago; edgeX: 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 Lighter live order book, 4 min ago | 3.73 bp | 10.4 bp −$10 | 67.2 bp −$672 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 1.37 bp | 28.7 bp −$29 | 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 USELESSlong | +0.0096% | 1h | 0.2548 | long leg | $1.2M | $1.2M | 3x | |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2550 | +0.079% | $11.6M | $22.6M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2553 | +0.196% | $28K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2542 | −0.212% | $6.4M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2548 | +0.008% | $35K | $219K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2549 | +0.051% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2546 | −0.067% | $17K | $518K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2545 | −0.082% | $558K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0212% | 4h | 0.2549 | +0.055% | $8.9M | $62.5M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2552 | +0.157% | $9K | — | 3x | as long as short |
Hyperliquid USELESS
Pacifica USELESS
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0248% | 4h | 0.2547 | −0.027% | $4.6M | $10.6M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0466% | 4h | 0.2548 | +0.004% | $4.9M | $10.4M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0473% | 1h | 0.2549 | +0.055% | $33K | $699K | 25x | as long as short |
| edgeX USELESSUSDCshort | +0.0534% | 4h | 0.2544 | −0.123% | $19K | $195K | 10x | |
| Extended USELESS-USD | +0.0536% | 1h | 0.2548 | +0.030% | $112K | $1.2M | 5x | as long as short |
| Binance USELESSUSDT | +0.0537% | 4h | 0.2549 | +0.062% | $21.3M | $122.8M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0540% | 4h | 0.2550 | +0.075% | $10.2M | $6.2M | 50x | as long as short |
| Aster USELESSUSDT | +0.0681% | 4h | 0.2547 | −0.034% | $504K | $2.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.0714% | 4h | 0.2547 | −0.004% | — | $5.3M | — | as long as short |
| Bybit USELESSUSDT | +0.0728% | 4h | 0.2550 | +0.098% | $24.5M | $48.6M | 13x | as long as short |
| Variational Omni USELESS | +0.0899% | 4h | 0.2557 | +0.366% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0992% | 4h | 0.2551 | +0.133% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1342% | 4h | 0.2550 | +0.094% | $19K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2703 | +6.088% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
ApeX Omni USELESSUSDT
Extended USELESS-USD
Binance USELESSUSDT
MEXC USELESS_USDT
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP