Funding you earn now, next payment 04:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.47 per $10,000 · paid last 24h −0.037%
Price spread now: Bitget against edgeX−0.375%64s7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$248as 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−$2392.392% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 3 days (all we have)+0.372%+$37 · spread now −0.375%, 7d avg −0.062%
=Together, before fees+0.286%+ Points / potential airdropedgeX: Active · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.313% cheaper against edgeX than usual: you would sell low and buy high (spread −0.375% now, against its 7-day average of −0.062%). If the spread goes back, that is −$31 on $10k: about 11 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour. The two prices were read 64 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 | 0.2910 | 0.0486 | pay 0.0243% / 4h | 3h 08m | $22K | $193K | 10x |
| Short | Bitget USELESSUSDT | 0.2899 | 0.0580 | get 0.0290% / 4h | 3h 08m | $5.6M | $9.7M | 20x |
edgeX USELESSUSDC
Bitget USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against edgeX. 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
- $19.76
- Price spread: −0.375% → −0.062%
- −$31.28
- Slippage, 4 orders
- −$218.15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$250.67
- Costs to cover
- 2.392%
- Break-even
- 95.8 days
Slippage from edgeX: live order book, 63 min ago; Bitget: live order book, 5 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, 63 min ago | 0.71 bp | 101.3 bp −$101 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.64 bp | 30.9 bp −$31 | 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 | 0.2895 | −0.515% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2896 | −0.477% | $32K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2900 | −0.354% | $10.2M | $68.4M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2897 | −0.443% | $49K | $177K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2900 | −0.340% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2901 | −0.309% | $19K | $512K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2897 | −0.443% | $612K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0140% | 4h | 0.2897 | −0.467% | $5.3M | $10.2M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2901 | −0.333% | $10K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0340% | 4h | 0.2894 | −0.553% | $7.3M | $8.5M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0441% | 1h | 0.2909 | −0.045% | $40K | $699K | 25x | as long as short |
| edgeX USELESSUSDClong | +0.0486% | 4h | 0.2910 | long leg | $22K | $193K | 10x | |
| Binance USELESSUSDT | +0.0506% | 4h | 0.2898 | −0.430% | $24.5M | $116.9M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0510% | 4h | 0.2895 | −0.509% | $11.2M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0512% | 1h | 0.2894 | −0.560% | $307K | $1.2M | 5x | as long as short |
| Bitget USELESSUSDTshort | +0.0580% | 4h | 0.2899 | −0.375% | $5.6M | $9.7M | 20x | |
| BingX USELESS-USDT | +0.0762% | 4h | 0.2897 | −0.460% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0795% | 4h | 0.2899 | −0.392% | $28.4M | $46.5M | 13x | as long as short |
| Variational Omni USELESS | +0.0994% | 4h | 0.2915 | +0.171% | $1.2M | $1.7M | — | as long as short |
| BloFin USELESS-USDT | +0.1053% | 4h | 0.2898 | −0.409% | $1.2M | $2.1M | 12x | as long as short |
| Aster USELESSUSDT | +0.1102% | 4h | 0.2894 | −0.557% | $666K | $2.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1115% | 1h | 0.2899 | −0.399% | $14.5M | $20.9M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1252% | 4h | 0.2900 | −0.354% | $22K | $1.4M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3093 | +6.274% | $5K | $9K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
Binance USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Aster USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP