Funding you earn now, next payment 04:00 UTC−0.0059%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.042%
Price spread now: edgeX against BingX+0.216%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$206as in the Price arb table
costs, in and out, $10k−$2232.233% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)−0.851%−$85 · spread now +0.216%, 7d avg +0.045%
=Together, before fees−0.938%+ Points / potential airdropedgeX: Active · farm board−$94 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.171% dearer against BingX than usual: you sell high and buy low (spread +0.216% now, against its 7-day average of +0.045%): +$17 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX USELESS-USDT | 0.2816 | 0.0606 | pay 0.0303% / 4h | 2h 20m | — | $5.1M | — |
| Short | edgeX USELESSUSDC | 0.2822 | 0.0547 | get 0.0274% / 4h | 2h 20m | $21K | $194K | 10x |
BingX USELESS-USDT
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against BingX. 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
- −$12.36
- Price spread: +0.216% → +0.045%
- $17.14
- Slippage, 4 orders
- −$204.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$218.54
- Costs to cover
- 2.233%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; edgeX: live order book, 46 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 BingX live order book, 9 min ago | 4.26 bp | 19.9 bp −$20 | 77.3 bp −$773 | 445.9 bp −$44.6K | 1117.9 bp −$559.0K |
| Sell edgeX live order book, 46 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 | 0.2815 | −0.039% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2820 | +0.148% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2812 | −0.149% | $9.9M | $66.2M | 10x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2821 | +0.174% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2806 | −0.369% | $18K | $519K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2808 | −0.288% | $605K | $1.2M | 20x | as long as short |
| Gate USELESS_USDT | +0.0108% | 4h | 0.2815 | −0.032% | $7.1M | $8.4M | 50x | as long as short |
| KuCoin USELESSUSDTM | +0.0130% | 4h | 0.2818 | +0.050% | $5.2M | $10.3M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2818 | +0.071% | $10K | — | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0516% | 1h | 0.2819 | +0.117% | $29K | $200K | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Gate USELESS_USDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Polymarket Perps USELESS-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDCshort | +0.0547% | 4h | 0.2822 | +0.216% | $21K | $194K | 10x | |
| MEXC USELESS_USDT | +0.0552% | 4h | 0.2816 | −0.018% | $11.0M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0556% | 4h | 0.2814 | −0.092% | $23.8M | $117.2M | 50x | as long as short |
| Extended USELESS-USD | +0.0560% | 1h | 0.2817 | +0.022% | $302K | $1.1M | 5x | as long as short |
| Bitget USELESSUSDT | +0.0580% | 4h | 0.2812 | −0.163% | $5.4M | $9.8M | 20x | as long as short |
| BingX USELESS-USDTlong | +0.0606% | 4h | 0.2816 | long leg | — | $5.1M | — | |
| Bybit USELESSUSDT | +0.0704% | 4h | 0.2812 | −0.160% | $27.3M | $46.4M | 13x | as long as short |
| ApeX Omni USELESSUSDT | +0.0749% | 1h | 0.2821 | +0.170% | $39K | $699K | 25x | as long as short |
| Variational Omni USELESS | +0.0863% | 4h | 0.2817 | +0.028% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1088% | 4h | 0.2818 | +0.067% | $628K | $2.3M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1283% | 4h | 0.2818 | +0.078% | $22K | $1.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1365% | 1h | 0.2815 | −0.039% | $14.1M | $20.7M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2984 | +5.973% | $5K | $9K | 5.5x | as long as short |
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Bitget USELESSUSDT
Bybit USELESSUSDT
ApeX Omni USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP