Funding you earn now, next payment 22:00 UTC+0.0488%/8h= +53.4% APRpaid last 24h +0.109%
Price spread now: edgeX against Polymarket Perps−0.251%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
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)+0.071%+$7 · spread now −0.251%, 7d avg +0.059%
=Together, before fees+0.301%+ Points / potential airdropedgeX: Active · farm board+$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.310% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.251% now, against its 7-day average of +0.059%). If the spread goes back, that is −$31 on $10k: about 2.1 days of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.230% in total) that is about 9.4 days.
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 | Polymarket Perps USELESS-USD | 0.2863 | 0.0100 | pay 0.0013% / 1h | 2m 58s | $28K | $140K | 3x |
| Short | edgeX USELESSUSDC | 0.2856 | 0.0588 | get 0.0294% / 4h | 2h 02m | $21K | $190K | 10x |
Polymarket Perps USELESS-USD
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Polymarket Perps. 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
- $102.48
- Price spread: −0.251% → +0.059%
- −$31.02
- Slippage, 4 orders
- −$214.24
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$159.77
- Costs to cover
- 2.312%
- Break-even
- 17.9 days
Slippage from Polymarket Perps: live order book, 19 min ago; edgeX: live order book, 19 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 Polymarket Perps live order book, 19 min ago | 2.89 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 19 min ago | 1.53 bp | 160.6 bp −$161 | 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 | 0.2856 | −0.241% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2862 | −0.016% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2846 | −0.576% | $10.1M | $64.2M | 10x | as long as short |
| Polymarket Perps USELESS-USDlong | +0.0100% | 1h | 0.2863 | long leg | $28K | $140K | 3x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2861 | −0.066% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2858 | −0.154% | $20K | $388K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2837 | −0.922% | $572K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2855 | −0.260% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0304% | 4h | 0.2851 | −0.426% | $5.3M | $9.7M | 12x | as long as short |
| ApeX Omni USELESSUSDT | +0.0327% | 1h | 0.2850 | −0.451% | $41K | $698K | 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 | +0.0440% | 4h | 0.2853 | −0.332% | $7.1M | $7.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0528% | 4h | 0.2850 | −0.437% | $5.5M | $8.8M | 20x | as long as short |
| edgeX USELESSUSDCshort | +0.0588% | 4h | 0.2856 | −0.251% | $21K | $190K | 10x | |
| Extended USELESS-USD | +0.0600% | 1h | 0.2850 | −0.460% | $300K | $968K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0602% | 4h | 0.2855 | −0.283% | $10.0M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0603% | 4h | 0.2850 | −0.447% | $24.3M | $110.8M | 50x | as long as short |
| BingX USELESS-USDT | +0.1094% | 4h | 0.2850 | −0.461% | — | $4.9M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1217% | 4h | 0.2862 | −0.035% | $22K | $1.4M | 10x | as long as short |
| Aster USELESSUSDT | +0.1288% | 4h | 0.2857 | −0.199% | $662K | $2.2M | 10x | as long as short |
| Variational Omni USELESS | +0.1388% | 4h | 0.2853 | −0.338% | $1.2M | $1.8M | — | as long as short |
| Bybit USELESSUSDT | +0.1428% | 4h | 0.2848 | −0.510% | $28.9M | $43.1M | 13x | as long as short |
| Hyperliquid USELESS | +0.1518% | 1h | 0.2854 | −0.293% | $14.6M | $19.8M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1696% | 4h | 0.2862 | −0.017% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3006 | +5.012% | $5K | $10K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
BingX USELESS-USDT
Orderly PERP_USELESS_USDC
Aster USELESSUSDT
Variational Omni USELESS
Bybit USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP