USELESS

Alert: funding

Alert: spread

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: BingX against edgeX−0.241%70s7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$215as 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−$2232.233% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.875%+$87 · spread now −0.241%, 7d avg −0.045%

Together, before fees+0.962%+ Points / potential airdropedgeX: Active · farm board+$96 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.196% cheaper against edgeX than usual: you would sell low and buy high (spread −0.241% now, against its 7-day average of −0.045%). If the spread goes back, that is −$20 on $10k: about 11 days of funding at the current rate (+$2 a day). The two prices were read 70 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	edgeX USELESSUSDC	0.2822	0.0547	pay 0.0274% / 4h	2h 20m	$21K	$194K	10x
Short	BingX USELESS-USDT	0.2816	0.0606	get 0.0303% / 4h	2h 20m	—	$5.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now −0.241%Rate

Funding earned: $12.36
Price spread: −0.241% → −0.045%: −$19.58
Slippage, 4 orders: −$204.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$230.54
Costs to cover: 2.233%
Break-even: 137.6 days

Slippage from edgeX: live order book, 46 min ago; BingX: live order book, 10 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 edgeX live order book, 46 min ago	0.86 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	4.26 bp	17.9 bp −$18	85.8 bp −$858	443.3 bp −$44.3K	1065.8 bp −$532.9K

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	0.2810	−0.446%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2812	−0.368%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2814	−0.294%	$9.9M	$66.2M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2812	−0.375%	$7.1M	$8.4M	50x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2816	−0.226%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2808	−0.513%	$18K	$520K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2804	−0.648%	$605K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0126%	4h	0.2812	−0.372%	$5.2M	$10.3M	12x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2816	−0.223%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USD	+0.0506%	1h	0.2815	−0.251%	$29K	$200K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDClong	+0.0547%	4h	0.2822	long leg	$21K	$194K	10x
Binance USELESSUSDT	+0.0550%	4h	0.2815	−0.251%	$23.8M	$117.1M	50x	as long as short
Extended USELESS-USD	+0.0552%	1h	0.2814	−0.279%	$302K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0556%	4h	0.2813	−0.319%	$11.0M	$6.0M	50x	as long as short
Bitget USELESSUSDT	+0.0576%	4h	0.2815	−0.262%	$5.4M	$9.8M	20x	as long as short
BingX USELESS-USDTshort	+0.0606%	4h	0.2816	−0.241%	—	$5.1M	—
Bybit USELESSUSDT	+0.0670%	4h	0.2814	−0.287%	$27.4M	$46.4M	13x	as long as short
ApeX Omni USELESSUSDT	+0.0749%	1h	0.2821	−0.046%	$39K	$699K	25x	as long as short
Variational Omni USELESS	+0.0863%	4h	0.2817	−0.188%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1088%	4h	0.2816	−0.221%	$627K	$2.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1283%	4h	0.2816	−0.223%	$22K	$1.3M	10x	as long as short
Hyperliquid USELESS	+0.1371%	1h	0.2817	−0.188%	$14.1M	$20.7M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2984	+5.744%	$5K	$9K	5.5x	as long as short