Funding you earn now, next payment 00:00 UTC−0.0424%/8h= −46.5% APRnext payment −$2.12 per $10,000 · paid last 24h −0.144%
Price spread now: edgeX against Orderly−0.644%71s7-day average +0.076% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.690%−$69 on $10k
+Price spread, last 3 days (all we have)+0.846%+$85 · spread now −0.644%, 7d avg +0.076%
=Together, before fees+0.155%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and edgeX is 0.719% cheaper against Orderly than usual: you would sell low and buy high (−$72 if the spread goes back to its 7-day average of +0.076%). Swap the legs. The two prices were read 71 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 | Orderly PERP_USELESS_USDC | 0.2913 | 0.1117 | pay 0.0559% / 4h | 2h 47m | $22K | $1.4M | 10x |
| Short | edgeX USELESSUSDC | 0.2894 | 0.0693 | get 0.0346% / 4h | 2h 47m | $22K | $189K | 10x |
Orderly PERP_USELESS_USDC
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Orderly. 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
- −$89.14
- Price spread: −0.644% → +0.076%
- −$71.92
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$176.06
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 39 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 Orderly no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 39 min ago | 1.51 bp | 172.9 bp −$173 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0032% | 1h | 0.2875 | −1.288% | $41K | $697K | 25x | as long as short |
| Lighter USELESS | +0.0096% | 1h | 0.2922 | +0.340% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2919 | +0.240% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2922 | +0.333% | $10.3M | $65.3M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2908 | −0.141% | $28K | $135K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2915 | +0.086% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2907 | −0.175% | $20K | $376K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2903 | −0.326% | $576K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0152% | 4h | 0.2919 | +0.240% | $5.4M | $9.6M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2910 | −0.075% | $10K | — | 3x | as long as short |
ApeX Omni USELESSUSDT
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0256% | 4h | 0.2920 | +0.247% | $7.3M | $7.7M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0566% | 4h | 0.2923 | +0.374% | $5.5M | $8.7M | 20x | as long as short |
| Extended USELESS-USD | +0.0672% | 1h | 0.2924 | +0.411% | $306K | $967K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0672% | 4h | 0.2924 | +0.398% | $10.2M | $5.8M | 50x | as long as short |
| Binance USELESSUSDT | +0.0672% | 4h | 0.2924 | +0.398% | $25.2M | $109.2M | 50x | as long as short |
| edgeX USELESSUSDCshort | +0.0693% | 4h | 0.2894 | −0.644% | $22K | $189K | 10x | |
| Orderly PERP_USELESS_USDClong | +0.1117% | 4h | 0.2913 | long leg | $22K | $1.4M | 10x | |
| Variational Omni USELESS | +0.1192% | 4h | 0.2881 | −1.084% | $1.1M | $1.7M | — | as long as short |
| BingX USELESS-USDT | +0.1312% | 4h | 0.2924 | +0.391% | — | $4.9M | — | as long as short |
| Aster USELESSUSDT | +0.1322% | 4h | 0.2914 | +0.063% | $672K | $2.1M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1380% | 4h | 0.2924 | +0.395% | $29.4M | $42.6M | 13x | as long as short |
| Hyperliquid USELESS | +0.1540% | 1h | 0.2926 | +0.465% | $15.0M | $19.6M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1885% | 4h | 0.2900 | −0.436% | $1.3M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3071 | +5.459% | $5K | $10K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Variational Omni USELESS
BingX USELESS-USDT
Aster USELESSUSDT
Bybit USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP