Funding you earn now, next payment 22:00 UTC+0.0593%/8h= +64.9% APRpaid last 24h +0.109%
Price spread now: edgeX against Polymarket Perps−0.202%64s7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$310as 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−$3333.335% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 3 days (all we have)+0.146%+$15 · spread now −0.202%, 7d avg +0.060%
=Together, before fees+0.376%+ Points / potential airdropedgeX: Active · farm board+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.261% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.202% now, against its 7-day average of +0.060%). If the spread goes back, that is −$26 on $10k: about 35 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.230% in total) that is about 8.0 days. The two prices were read 64 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 0.230% in total (about 12.0% 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 | Polymarket Perps USELESS-USD | 0.2900 | 0.0100 | pay 0.0013% / 1h | 49m 40s | $28K | $135K | 3x |
| Short | edgeX USELESSUSDC | 0.2894 | 0.0693 | get 0.0346% / 4h | 2h 49m | $22K | $189K | 10x |
Polymarket Perps USELESS-USD
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Polymarket Perps. 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
- $124.48
- Price spread: −0.202% → +0.060%
- −$26.13
- Slippage, 4 orders
- −$316.46
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$235.12
- Costs to cover
- 3.335%
- Break-even
- 20.2 days
Slippage from Polymarket Perps: live order book, 37 min ago; edgeX: live order book, 37 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 Polymarket Perps live order book, 37 min ago | 2.86 bp | 50.3 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 37 min ago | 1.51 bp | 172.9 bp −$173 | 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 | 0.2897 | −0.090% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2900 | +0.007% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2896 | −0.110% | $10.3M | $64.8M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2894 | −0.193% | $41K | $697K | 25x | as long as short |
| Polymarket Perps USELESS-USDlong | +0.0100% | 1h | 0.2900 | long leg | $28K | $135K | 3x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2900 | +0.024% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2894 | −0.193% | $20K | $376K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2895 | −0.159% | $575K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0132% | 4h | 0.2898 | −0.066% | $5.4M | $9.6M | 12x | as long as short |
| Gate USELESS_USDT | +0.0208% | 4h | 0.2890 | −0.317% | $7.2M | $7.7M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2897 | −0.100% | $10K | — | 3x | as long as short |
| Bitget USELESSUSDT | +0.0566% | 4h | 0.2896 | −0.138% | $5.5M | $8.7M | 20x | as long as short |
| MEXC USELESS_USDT | +0.0660% | 4h | 0.2899 | −0.003% | $21.3M | $5.8M | 50x | as long as short |
| Binance USELESSUSDT | +0.0672% | 4h | 0.2899 | −0.013% | $25.1M | $109.5M | 50x | as long as short |
| Extended USELESS-USD | +0.0672% | 1h | 0.2899 | −0.020% | $305K | $967K | 5x | as long as short |
| edgeX USELESSUSDCshort | +0.0693% | 4h | 0.2894 | −0.202% | $22K | $189K | 10x | |
| Orderly PERP_USELESS_USDC | +0.1117% | 4h | 0.2899 | −0.014% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1192% | 4h | 0.2881 | −0.644% | $1.1M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1321% | 4h | 0.2894 | −0.179% | $668K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1394% | 4h | 0.2898 | −0.045% | — | $4.9M | — | as long as short |
| Hyperliquid USELESS | +0.1443% | 1h | 0.2905 | +0.183% | $14.8M | $19.6M | 3x | as long as short |
| Bybit USELESSUSDT | +0.1450% | 4h | 0.2901 | +0.055% | $29.2M | $42.7M | 13x | as long as short |
| BloFin USELESS-USDT | +0.1917% | 4h | 0.2877 | −0.773% | $1.3M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3054 | +5.332% | $5K | $10K | 5.5x | as long as short |
Aevo USELESS-PERP
Bitget USELESSUSDT
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Aster USELESSUSDT
BingX USELESS-USDT
Hyperliquid USELESS
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP