Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.002%
Price spread now: edgeX against MEXC−0.311%83s7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$221as 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−$2202.201% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.280%+$28 · spread now −0.311%, 7d avg +0.027%
=Together, before fees+0.270%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.338% cheaper against MEXC than usual: you would sell low and buy high (spread −0.311% now, against its 7-day average of +0.027%). If the spread goes back, that is −$34 on $10k: about 4 months of funding at the current rate ($0 a day). The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USELESS_USDT | 0.2830 | 0.0540 | pay 0.0270% / 4h | 2h 28m | $11.0M | $6.0M | 50x |
| Short | edgeX USELESSUSDC | 0.2821 | 0.0550 | get 0.0275% / 4h | 2h 28m | $21K | $195K | 10x |
MEXC USELESS_USDT
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against MEXC. 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
- $2.02
- Price spread: −0.311% → +0.027%
- −$33.81
- Slippage, 4 orders
- −$203.11
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$251.9
- Costs to cover
- 2.201%
- Break-even
- 878.0 days
Slippage from MEXC: live order book, 5 min ago; edgeX: live order book, 39 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 MEXC live order book, 5 min ago | 0.35 bp | 7.9 bp −$8 | 47.9 bp −$479 | 118.5 bp −$11.8K | doesn't fit |
| Sell edgeX live order book, 39 min ago | 0.86 bp | 151.7 bp −$152 | 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 | 0.2827 | −0.099% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2818 | −0.428% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2826 | −0.152% | $10.0M | $66.8M | 10x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2831 | +0.049% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2827 | −0.110% | $18K | $519K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2815 | −0.516% | $605K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0134% | 4h | 0.2824 | −0.205% | $5.2M | $10.3M | 12x | as long as short |
| Gate USELESS_USDT | +0.0140% | 4h | 0.2819 | −0.399% | $7.1M | $8.4M | 50x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2822 | −0.275% | $10K | — | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0538% | 1h | 0.2824 | −0.205% | $31K | $198K | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
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_USDTlong | +0.0540% | 4h | 0.2830 | long leg | $11.0M | $6.0M | 50x | |
| Binance USELESSUSDT | +0.0541% | 4h | 0.2826 | −0.134% | $23.9M | $117.6M | 50x | as long as short |
| Extended USELESS-USD | +0.0544% | 1h | 0.2828 | −0.054% | $302K | $1.2M | 5x | as long as short |
| edgeX USELESSUSDCshort | +0.0550% | 4h | 0.2821 | −0.311% | $21K | $195K | 10x | |
| Bitget USELESSUSDT | +0.0572% | 4h | 0.2825 | −0.173% | $5.4M | $9.9M | 20x | as long as short |
| BingX USELESS-USDT | +0.0596% | 4h | 0.2826 | −0.124% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0647% | 4h | 0.2825 | −0.166% | $27.5M | $46.5M | 13x | as long as short |
| ApeX Omni USELESSUSDT | +0.0827% | 1h | 0.2826 | −0.138% | $39K | $699K | 25x | as long as short |
| Variational Omni USELESS | +0.0851% | 4h | 0.2824 | −0.222% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1053% | 4h | 0.2817 | −0.444% | $647K | $2.3M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1278% | 4h | 0.2826 | −0.134% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1328% | 1h | 0.2828 | −0.053% | $14.1M | $20.9M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2984 | +5.438% | $5K | $9K | 5.5x | as long as short |
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