Funding you earn now, next payment 22:00 UTC−0.0507%/8h= −55.5% APRpaid last 24h −0.109%
Price spread now: Polymarket Perps against edgeX−0.895%64s7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$254as 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−$2312.312% of the position
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 3 days (all we have)+1.075%+$107 · spread now −0.895%, 7d avg −0.059%
=Together, before fees+0.845%+ Points / potential airdropedgeX: Active · farm board+$84 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Polymarket Perps is 0.836% cheaper against edgeX than usual: you would sell low and buy high (−$84 if the spread goes back to its 7-day average of −0.059%). Swap the legs. 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 | edgeX USELESSUSDC | 0.2863 | 0.0607 | pay 0.0303% / 4h | 2h 07m | $21K | $190K | 10x |
| Short | Polymarket Perps USELESS-USD | 0.2838 | 0.0100 | get 0.0013% / 1h | 7m 46s | $28K | $139K | 3x |
edgeX USELESSUSDC
Polymarket Perps USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$106.46
- Price spread: −0.895% → −0.059%
- −$83.58
- Slippage, 4 orders
- −$214.24
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$421.27
- Costs to cover
- 2.312%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 14 min ago; Polymarket Perps: live order book, 14 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, 14 min ago | 1.53 bp | 34.5 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 14 min ago | 2.89 bp | 28.3 bp −$28 | 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 | 0.2847 | −0.591% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2846 | −0.608% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2846 | −0.598% | $10.1M | $64.2M | 10x | as long as short |
| Polymarket Perps USELESS-USDshort | +0.0100% | 1h | 0.2838 | −0.895% | $28K | $139K | 3x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2844 | −0.664% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2849 | −0.514% | $20K | $387K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2828 | −1.230% | $566K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2841 | −0.783% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0258% | 4h | 0.2839 | −0.860% | $5.3M | $9.7M | 12x | as long as short |
| ApeX Omni USELESSUSDT | +0.0306% | 1h | 0.2856 | −0.259% | $41K | $699K | 25x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTM
ApeX Omni USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0426% | 4h | 0.2840 | −0.814% | $7.1M | $7.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0526% | 4h | 0.2848 | −0.535% | $5.5M | $8.8M | 20x | as long as short |
| Binance USELESSUSDT | +0.0591% | 4h | 0.2848 | −0.542% | $24.3M | $110.8M | 50x | as long as short |
| Extended USELESS-USD | +0.0592% | 1h | 0.2848 | −0.551% | $299K | $968K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0594% | 4h | 0.2849 | −0.517% | $10.0M | $5.9M | 50x | as long as short |
| edgeX USELESSUSDClong | +0.0607% | 4h | 0.2863 | long leg | $21K | $190K | 10x | |
| BingX USELESS-USDT | +0.1108% | 4h | 0.2848 | −0.545% | — | $4.9M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1190% | 4h | 0.2844 | −0.678% | $21K | $1.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1254% | 4h | 0.2848 | −0.556% | $28.9M | $43.1M | 13x | as long as short |
| Aster USELESSUSDT | +0.1269% | 4h | 0.2843 | −0.720% | $658K | $2.2M | 10x | as long as short |
| Variational Omni USELESS | +0.1295% | 4h | 0.2859 | −0.153% | $1.2M | $1.7M | — | as long as short |
| BloFin USELESS-USDT | +0.1525% | 4h | 0.2850 | −0.462% | $1.2M | $1.9M | 12x | as long as short |
| Hyperliquid USELESS | +0.1527% | 1h | 0.2851 | −0.443% | $14.6M | $19.8M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3027 | +5.716% | $5K | $10K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
BingX USELESS-USDT
Orderly PERP_USELESS_USDC
Bybit USELESSUSDT
Aster USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Hyperliquid USELESS
Injective USELESS/USDC PERP