Funding you earn now, next payment 09:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.005%
Price spread now: edgeX against Extended+0.051%113s7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$408as 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−$4064.056% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.051%, 7d avg +0.049%
=Together, before fees−0.045%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 113 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 | Extended USELESS-USD | 0.2999 | 0.0480 | pay 0.0060% / 1h | 35m 44s | $285K | $1.7M | 5x |
| Short | edgeX USELESSUSDC | 0.3001 | 0.0465 | get 0.0233% / 4h | 3h 35m | $22K | $199K | 10x |
Extended USELESS-USD
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Extended. 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
- −$3.14
- Price spread: +0.051% → +0.049%
- $0.17
- Slippage, 4 orders
- −$391.63
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$408.6
- Costs to cover
- 4.056%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; edgeX: live order book, 61 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 Extended live order book, 3 min ago | 71.20 bp | 88.4 bp −$88 | 422.5 bp −$4,225 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 61 min ago | 3.29 bp | 70.0 bp −$70 | 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 | 0.2999 | +0.013% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2995 | −0.135% | $32K | $19K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2994 | −0.167% | $7.5M | $8.9M | 50x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2998 | −0.031% | $5.5M | $10.9M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2999 | +0.013% | $5.7M | $11.3M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2980 | −0.634% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.3005 | +0.196% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2999 | −0.007% | $20K | $515K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2997 | −0.067% | $688K | $1.3M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0109% | 4h | 0.2998 | −0.027% | $10.9M | $78.5M | 10x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0200% | 1h | 0.3001 | +0.054% | $11K | — | 3x | as long as short |
| Aster USELESSUSDT | +0.0343% | 4h | 0.2995 | −0.137% | $628K | $2.3M | 10x | as long as short |
| edgeX USELESSUSDCshort | +0.0465% | 4h | 0.3001 | +0.051% | $22K | $199K | 10x | |
| MEXC USELESS_USDT | +0.0476% | 4h | 0.3004 | +0.156% | $14.1M | $6.6M | 50x | as long as short |
| Extended USELESS-USDlong | +0.0480% | 1h | 0.2999 | long leg | $285K | $1.7M | 5x | |
| Binance USELESSUSDT | +0.0496% | 4h | 0.3002 | +0.106% | $25.8M | $132.7M | 50x | as long as short |
| BingX USELESS-USDT | +0.0762% | 4h | 0.2999 | −0.014% | — | $5.5M | — | as long as short |
| Variational Omni USELESS | +0.0817% | 4h | 0.3007 | +0.265% | $1.2M | $1.9M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.0958% | 4h | 0.2999 | −0.004% | $22K | $1.9M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1101% | 4h | 0.3000 | +0.043% | $29.8M | $53.2M | 13x | as long as short |
| Hyperliquid USELESS | +0.1129% | 1h | 0.3009 | +0.323% | $13.5M | $24.3M | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.1295% | 1h | 0.3002 | +0.099% | $56K | $699K | 25x | as long as short |
| BloFin USELESS-USDT | +0.1307% | 4h | 0.2981 | −0.601% | $1.3M | $2.3M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3176 | +5.891% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
Aster USELESSUSDT
MEXC USELESS_USDT
Binance USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
Bybit USELESSUSDT
Hyperliquid USELESS
ApeX Omni USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP