Funding you earn now, next payment 08:00 UTC+0.0269%/8h= +29.4% APRnext payment +$1.34 per $10,000 · paid last 24h +0.092%
Price spread now: edgeX against Gate+0.413%52s7-day average +0.151% · you sell dearer than you buy
Net, funding: paid 7d − costs−$319as 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−$3353.347% of the position
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 4 days (all we have)−0.253%−$25 · spread now +0.413%, 7d avg +0.151%
=Together, before fees−0.100%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and edgeX is 0.262% dearer against Gate than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.151%. The two prices were read 52 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 0.154% in total (about 8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.34 per $10,000. 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 | Gate USELESS_USDT | 0.2623 | 0.0100 | pay 0.0050% / 4h | 3h 50m | $6.5M | $8.6M | 50x |
| Short | edgeX USELESSUSDC | 0.2634 | 0.0369 | get 0.0184% / 4h | 3h 50m | $20K | $196K | 10x |
Gate USELESS_USDT
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Gate. 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
- $56.41
- Price spread: +0.413% → +0.151%
- $26.2
- Slippage, 4 orders
- −$310.66
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$252.05
- Costs to cover
- 3.347%
- Break-even
- 38.3 days
Slippage from Gate: live order book, 3 min ago; edgeX: live order book, 1 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 Gate live order book, 3 min ago | 8.75 bp | 61.4 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 1 min ago | 0.95 bp | 44.2 bp −$44 | 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 | 0.2629 | +0.248% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2629 | +0.220% | $28K | $47K | 3x | as long as short |
| Bybit USELESSUSDT | +0.0100% | 4h | 0.2622 | −0.038% | $24.8M | $48.4M | 13x | as long as short |
| Gate USELESS_USDTlong | +0.0100% | 4h | 0.2623 | long leg | $6.5M | $8.6M | 50x | |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2623 | −0.008% | $27K | $229K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2631 | +0.316% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2628 | +0.206% | $18K | $522K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2631 | +0.316% | $600K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0158% | 4h | 0.2622 | −0.027% | $8.9M | $63.6M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0176% | 1h | 0.2626 | +0.119% | $9K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Bybit USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0208% | 4h | 0.2627 | +0.145% | $4.8M | $10.7M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0224% | 4h | 0.2621 | −0.084% | $5.0M | $10.3M | 20x | as long as short |
| Binance USELESSUSDT | +0.0359% | 4h | 0.2622 | −0.015% | $21.8M | $121.7M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0364% | 4h | 0.2622 | −0.027% | $10.6M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0368% | 1h | 0.2621 | −0.070% | $112K | $1.1M | 5x | as long as short |
| edgeX USELESSUSDCshort | +0.0369% | 4h | 0.2634 | +0.413% | $20K | $196K | 10x | |
| BingX USELESS-USDT | +0.0374% | 4h | 0.2620 | −0.095% | — | $5.3M | — | as long as short |
| Aster USELESSUSDT | +0.0393% | 4h | 0.2629 | +0.224% | $520K | $2.4M | 10x | as long as short |
| BloFin USELESS-USDT | +0.0447% | 4h | 0.2630 | +0.259% | $1.1M | $1.9M | 12x | as long as short |
| Hyperliquid USELESS | +0.0523% | 1h | 0.2621 | −0.063% | $11.5M | $22.6M | 3x | as long as short |
| Variational Omni USELESS | +0.0559% | 4h | 0.2630 | +0.274% | $1.0M | $1.8M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.0666% | 1h | 0.2634 | +0.427% | $36K | $695K | 25x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1306% | 4h | 0.2632 | +0.351% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2780 | +5.994% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Binance USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
BingX USELESS-USDT
Aster USELESSUSDT
BloFin USELESS-USDT
Hyperliquid USELESS
Variational Omni USELESS
ApeX Omni USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP