USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0466%/8h= +51.0% APRnext payment +$2.33 per $10,000 · paid last 24h +0.056%

Price spread now: edgeX against Bitget+0.466%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$2422.420% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.509%−$51 · spread now +0.466%, 7d avg +0.060%

Together, before fees−0.406%+ Points / potential airdropedgeX: Active · farm board−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and edgeX is 0.406% dearer against Bitget than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of +0.060%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.33 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	Bitget USELESSUSDT	0.3032	0.0100	pay 0.0050% / 4h	3h 13m	$5.8M	$11.3M	20x
Short	edgeX USELESSUSDC	0.3046	0.0566	get 0.0283% / 4h	3h 13m	$23K	$201K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee edgeXbpOrdersPrice spread, now +0.466%Rate

Funding earned: $97.86
Price spread: +0.466% → +0.060%: $40.63
Slippage, 4 orders: −$221.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$103.54
Costs to cover: 2.420%
Break-even: 14.4 days

Slippage from Bitget: live order book, 5 min ago; edgeX: live order book, 18 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 Bitget live order book, 5 min ago	4.78 bp	28.5 bp −$28	93.9 bp −$939	doesn't fit	doesn't fit
Sell edgeX live order book, 18 min ago	1.85 bp	20.3 bp −$20	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	0.3051	+0.643%	$1.4M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.3046	+0.469%	$32K	$19K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.3032	+0.010%	$11.1M	$78.8M	10x	as long as short
Bitget USELESSUSDTlong	+0.0100%	4h	0.3032	long leg	$5.8M	$11.3M	20x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.3037	+0.165%	$29K	$284K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.3047	+0.515%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.3027	−0.165%	$34K	$549K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.3048	+0.524%	$693K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0110%	4h	0.3040	+0.280%	$5.6M	$11.0M	12x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	0.3054	+0.726%	$11K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster USELESSUSDT	+0.0343%	4h	0.3032	+0.019%	$659K	$2.4M	10x	as long as short
Gate USELESS_USDT	+0.0368%	4h	0.3026	−0.175%	$7.6M	$9.2M	50x	as long as short
edgeX USELESSUSDCshort	+0.0566%	4h	0.3046	+0.466%	$23K	$201K	10x
Extended USELESS-USD	+0.0584%	1h	0.3046	+0.469%	$293K	$1.7M	5x	as long as short
MEXC USELESS_USDT	+0.0586%	4h	0.3038	+0.218%	$15.2M	$6.9M	50x	as long as short
Binance USELESSUSDT	+0.0588%	4h	0.3034	+0.069%	$26.3M	$134.0M	50x	as long as short
Variational Omni USELESS	+0.0957%	4h	0.3044	+0.416%	$1.3M	$1.9M	—	as long as short
Orderly PERP_USELESS_USDC	+0.0968%	4h	0.3034	+0.076%	$22K	$1.9M	10x	as long as short
ApeX Omni USELESSUSDT	+0.1026%	1h	0.3046	+0.472%	$57K	$690K	25x	as long as short
Hyperliquid USELESS	+0.1184%	1h	0.3036	+0.152%	$13.8M	$24.3M	3x	as long as short
Bybit USELESSUSDT	+0.1276%	4h	0.3035	+0.102%	$30.6M	$53.4M	13x	as long as short
BingX USELESS-USDT	+0.1376%	4h	0.3030	−0.049%	—	$5.6M	—	as long as short
BloFin USELESS-USDT	+0.1713%	4h	0.3055	+0.769%	$1.3M	$2.4M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3189	+5.185%	$5K	$11K	5.5x	as long as short