data as of
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Funding arb /

USELESS

all USELESS markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC+0.0033%/8h
next payment, per $10,000+$0.17paid, last 24h+0.003%paid, last 7 days+0.009%to open and close $10k−$243
Long on edgeXShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX USELESSUSDC0.27760.0441pay 0.0220% / 4h1h 46m$21K$184K10x
ShortMEXC USELESS_USDT0.27430.0474get 0.0237% / 4h1h 46m$16.5M$4.1M50x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$6.98
Slippage, 4 orders
−$225.56
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee MEXC: 4 bp × 2 orders
−$8
Net
−$235.58
Break-even
243.1 days
Slippage from edgeX: live order book, 7 min ago; MEXC: live order book, 4 min ago.

Price risk

price view
Price gap now
−1.172%
Avg gap 7d
−0.073%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 7 min ago5.61 bp174.3 bp −$174doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago0.18 bp6.2 bp −$641.9 bp −$419147.0 bp −$14.7Kdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−0.5000%1h$3K$25K5.5xas long as short
Lighter USELESS+0.0096%1h$1.3M$835K3xas long as short
Pacifica USELESS+0.0100%1h$27K$103K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.3M$49.2M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.3M$5.2M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.0M$6.0M12xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$41K$679K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h$53K$201K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.2M10xas long as short
HTX USELESS-USDT+0.0100%4h$20K$287K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.0100%4h$496K$1.4M20xas long as short
Bitget USELESSUSDT+0.0186%4h$5.2M$5.8M20xas long as short
Aevo USELESS-PERP+0.0200%1h$10K—3xas long as short
Hyperliquid USELESS+0.0252%1h$11.9M$12.9M3xas long as short
edgeX USELESSUSDClong+0.0441%4h$21K$184K10x
Extended USELESS-USD+0.0472%1h$258K$915K5xas long as short
Bybit USELESSUSDT+0.0474%4h$26.7M$31.7M13xas long as short
MEXC USELESS_USDTshort+0.0474%4h$16.5M$4.1M50x
Binance USELESSUSDT+0.0476%4h$23.3M$80.2M50xas long as short
BingX USELESS-USDT+0.0508%4h—$3.8M—as long as short
Variational Omni USELESS+0.0690%4h$1.2M$1.4M—as long as short
BloFin USELESS-USDT+0.0759%4h$1.2M$1.5M12xas long as short
Aster USELESSUSDT+0.0867%4h$578K$1.1M10xas long as short
Orderly PERP_USELESS_USDC+0.1119%4h$18K$1.4M10xas long as short