USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0476%/8h= +52.1% APRnext payment +$2.38 per $10,000 · paid last 24h +0.096%

Price spread now: edgeX against OKX+0.391%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$2352.348% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 3 days (all we have)−0.359%−$36 · spread now +0.391%, 7d avg +0.100%

Together, before fees−0.195%+ Points / potential airdropedgeX: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and edgeX is 0.291% dearer against OKX than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.100%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.164% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.38 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	OKX USELESS-USDT-SWAP	0.2833	0.0100	pay 0.0050% / 4h	1h 43m	$10.0M	$64.2M	10x
Short	edgeX USELESSUSDC	0.2844	0.0576	get 0.0288% / 4h	1h 43m	$21K	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.391%Rate

Funding earned: $100.01
Price spread: +0.391% → +0.100%: $29.1
Slippage, 4 orders: −$215.82
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$105.71
Costs to cover: 2.348%
Break-even: 14.4 days

Slippage from OKX: live order book, 5 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 OKX live order book, 5 min ago	1.23 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 38 min ago	1.53 bp	160.6 bp −$161	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	+0.173%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2839	+0.187%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAPlong	+0.0100%	4h	0.2833	long leg	$10.0M	$64.2M	10x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2838	+0.148%	$27K	$142K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2839	+0.205%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2836	+0.106%	$27K	$410K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2834	+0.025%	$580K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	0.2841	+0.256%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0328%	4h	0.2834	+0.028%	$5.3M	$9.7M	12x	as long as short
Gate USELESS_USDT	+0.0392%	4h	0.2831	−0.071%	$7.1M	$7.9M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0536%	4h	0.2839	+0.201%	$5.5M	$8.9M	20x	as long as short
Binance USELESSUSDT	+0.0569%	4h	0.2836	+0.074%	$24.0M	$111.8M	50x	as long as short
Extended USELESS-USD	+0.0576%	1h	0.2838	+0.152%	$299K	$965K	5x	as long as short
MEXC USELESS_USDT	+0.0576%	4h	0.2837	+0.127%	$10.0M	$5.7M	50x	as long as short
edgeX USELESSUSDCshort	+0.0576%	4h	0.2844	+0.391%	$21K	$191K	10x
ApeX Omni USELESSUSDT	+0.0635%	1h	0.2839	+0.198%	$40K	$700K	25x	as long as short
Hyperliquid USELESS	+0.1167%	1h	0.2840	+0.222%	$14.4M	$19.9M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1240%	4h	0.2836	+0.092%	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1257%	4h	0.2840	+0.224%	$656K	$2.2M	10x	as long as short
BingX USELESS-USDT	+0.1394%	4h	0.2835	+0.071%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1493%	4h	0.2836	+0.092%	$28.7M	$43.4M	13x	as long as short
Variational Omni USELESS	+0.1517%	4h	0.2835	+0.045%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1925%	4h	0.2843	+0.325%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3032	+7.013%	$5K	$9K	5.5x	as long as short