Funding you earn now, next payment 12:00 UTC−0.0886%/8h= −97.0% APRnext payment −$4.43 per $10,000 · paid last 24h −0.040%
Price spread now: edgeX against Bybit+0.369%61s7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$230as 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−$2222.215% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.369%, 7d avg +0.044%
=Together, before fees−0.288%+ Points / potential airdropedgeX: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.326% dearer against Bybit than usual: you sell high and buy low (spread +0.369% now, against its 7-day average of +0.044%): +$33 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.082% in total) that is about 28 days. The two prices were read 61 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 -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.43 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 | Bybit USELESSUSDT | 0.3008 | 0.1478 | pay 0.0739% / 4h | 3h 00m | $30.1M | $53.2M | 13x |
| Short | edgeX USELESSUSDC | 0.3019 | 0.0593 | get 0.0296% / 4h | 3h 00m | $23K | $200K | 10x |
Bybit USELESSUSDT
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bybit. 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
- −$185.96
- Price spread: +0.369% → +0.044%
- $32.56
- Slippage, 4 orders
- −$201.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$374.93
- Costs to cover
- 2.215%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; edgeX: live order book, 31 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 Bybit live order book, 3 min ago | 1.00 bp | 15.7 bp −$16 | 35.1 bp −$351 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 31 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 | 0.3011 | +0.093% | $1.4M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.3007 | −0.033% | $32K | $19K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.3007 | −0.037% | $11.2M | $78.0M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.3008 | −0.017% | $5.5M | $10.9M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.3008 | +0.003% | $5.9M | $11.4M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.3001 | −0.233% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.3007 | −0.043% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2993 | −0.499% | $40K | $561K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.3000 | −0.256% | $683K | $1.3M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.3010 | +0.066% | $11K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster USELESSUSDT | +0.0333% | 4h | 0.3006 | −0.053% | $661K | $2.4M | 10x | as long as short |
| Gate USELESS_USDT | +0.0432% | 4h | 0.3004 | −0.123% | $7.6M | $9.3M | 50x | as long as short |
| edgeX USELESSUSDCshort | +0.0593% | 4h | 0.3019 | +0.369% | $23K | $200K | 10x | |
| MEXC USELESS_USDT | +0.0596% | 4h | 0.3009 | +0.047% | $15.2M | $7.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0599% | 4h | 0.3005 | −0.119% | $26.1M | $134.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0600% | 1h | 0.3007 | −0.025% | $290K | $1.6M | 5x | as long as short |
| ApeX Omni USELESSUSDT | +0.0892% | 1h | 0.3011 | +0.096% | $56K | $691K | 25x | as long as short |
| Orderly PERP_USELESS_USDC | +0.0989% | 4h | 0.3008 | −0.017% | $22K | $2.0M | 10x | as long as short |
| Variational Omni USELESS | +0.1077% | 4h | 0.3011 | +0.083% | $1.3M | $1.7M | — | as long as short |
| Hyperliquid USELESS | +0.1239% | 1h | 0.3014 | +0.186% | $13.8M | $24.0M | 3x | as long as short |
| BingX USELESS-USDT | +0.1358% | 4h | 0.3011 | +0.096% | — | $5.7M | — | as long as short |
| Bybit USELESSUSDTlong | +0.1478% | 4h | 0.3008 | long leg | $30.1M | $53.2M | 13x | |
| BloFin USELESS-USDT | +0.1953% | 4h | 0.3009 | +0.020% | $1.3M | $2.4M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3188 | +5.994% | $5K | $11K | 5.5x | as long as short |
Aster USELESSUSDT
Gate USELESS_USDT
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
ApeX Omni USELESSUSDT
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Hyperliquid USELESS
BingX USELESS-USDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP