Funding you earn now, next payment 12:00 UTC−0.0535%/8h= −58.6% APRnext payment −$2.68 per $10,000 · paid last 24h −0.193%
Price spread now: edgeX against Orderly+0.128%7-day average +0.060% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.796%−$80 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.128%, 7d avg +0.060%
=Together, before fees−0.722%+ Points / potential airdropedgeX: Active · farm board−$72 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.068% dearer against Orderly than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of +0.060%): +$7 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_USELESS_USDC | 0.2954 | 0.1114 | pay 0.0557% / 4h | 1h 54m | $24K | $1.9M | 10x |
| Short | edgeX USELESSUSDC | 0.2957 | 0.0579 | get 0.0290% / 4h | 1h 54m | $22K | $200K | 10x |
Orderly PERP_USELESS_USDC
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Orderly. 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
- −$112.39
- Price spread: +0.128% → +0.060%
- $6.85
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$120.54
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 54 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 54 min ago | 0.68 bp | 74.2 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
USELESS on 24 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USELESS/USDC PERP | +0.0033% | 1h | 0.3187 | +7.916% | $5K | $10K | 5.5x | as long as short |
| Lighter USELESS | +0.0096% | 1h | 0.2957 | +0.098% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2956 | +0.067% | $31K | $18K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2948 | −0.207% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2953 | −0.024% | — | $1.3M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2951 | −0.088% | $39K | $546K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2948 | −0.190% | $691K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0114% | 4h | 0.2955 | +0.044% | $5.5M | $10.6M | 12x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0120% | 4h | 0.2957 | +0.102% | $11.0M | $74.3M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2948 | −0.195% | $11K | — | 3x | as long as short |
Injective USELESS/USDC PERP
Lighter USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0250% | 4h | 0.2956 | +0.078% | $5.8M | $10.8M | 20x | as long as short |
| Gate USELESS_USDT | +0.0350% | 4h | 0.2954 | +0.030% | $7.4M | $8.4M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0377% | 1h | 0.2937 | −0.562% | $56K | $688K | 25x | as long as short |
| Aster USELESSUSDT | +0.0474% | 4h | 0.2959 | +0.198% | $641K | $2.4M | 10x | as long as short |
| edgeX USELESSUSDCshort | +0.0579% | 4h | 0.2957 | +0.128% | $22K | $200K | 10x | |
| MEXC USELESS_USDT | +0.0602% | 4h | 0.2958 | +0.152% | $15.7M | $7.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0608% | 1h | 0.2957 | +0.104% | $281K | $1.7M | 5x | as long as short |
| Binance USELESSUSDT | +0.0609% | 4h | 0.2958 | +0.135% | $25.4M | $131.5M | 50x | as long as short |
| Hyperliquid USELESS | +0.0939% | 1h | 0.2959 | +0.179% | $13.7M | $23.4M | 3x | as long as short |
| BingX USELESS-USDT | +0.1048% | 4h | 0.2956 | +0.095% | — | $5.7M | — | as long as short |
| Orderly PERP_USELESS_USDClong | +0.1114% | 4h | 0.2954 | long leg | $24K | $1.9M | 10x | |
| Bybit USELESSUSDT | +0.1121% | 4h | 0.2957 | +0.122% | $29.1M | $52.3M | 13x | as long as short |
| Variational Omni USELESS | +0.1163% | 4h | 0.2963 | +0.332% | $1.2M | $1.9M | — | as long as short |
| BloFin USELESS-USDT | +0.1497% | 4h | 0.2956 | +0.074% | $1.3M | $2.3M | 12x | as long as short |
Bitget USELESSUSDT
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Aster USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
Binance USELESSUSDT
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT