Funding you earn now, next payment 08:00 UTC+0.0503%/8h= +55.1% APRnext payment +$2.52 per $10,000 · paid last 24h −0.092%
Price spread now: Gate against edgeX+1.392%7-day average −0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$411as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$3963.957% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)−1.596%−$160 · spread now +1.392%, 7d avg −0.145%
=Together, before fees−1.750%+ Points / potential airdropedgeX: Active · farm board−$175 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Gate is 1.537% dearer against edgeX than usual: you sell high and buy low: +$154 more if the spread goes back to its 7-day average of −0.145%. Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour.
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 +$2.52 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 | edgeX USELESSUSDC | 0.2720 | 0.0207 | pay 0.0103% / 4h | 2h 16m | $20K | $196K | 10x |
| Short | Gate USELESS_USDT | 0.2758 | 0.0710 | get 0.0355% / 4h | 2h 16m | $6.9M | $8.6M | 50x |
edgeX USELESSUSDC
Gate USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against edgeX. 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
- $105.67
- Price spread: +1.392% → −0.145%
- $153.74
- Slippage, 4 orders
- −$371.68
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$136.27
- Costs to cover
- 3.957%
- Break-even
- 16.0 days
Slippage from edgeX: live order book, 30 min ago; Gate: live order book, 2 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 edgeX live order book, 30 min ago | 0.75 bp | 92.1 bp −$92 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 11.28 bp | 123.6 bp −$124 | 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 | 0.2760 | +1.466% | $1.3M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2763 | +1.591% | $12.1M | $23.3M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2756 | +1.326% | $539K | $2.1M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2755 | +1.285% | $29K | $19K | 3x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2758 | +1.389% | $5.2M | $10.4M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2762 | +1.550% | $27K | $253K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2761 | +1.506% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2759 | +1.455% | $19K | $518K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2757 | +1.378% | $649K | $1.1M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0108% | 4h | 0.2757 | +1.367% | $5.0M | $10.6M | 12x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Aster USELESSUSDT
Pacifica USELESS
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0144% | 1h | 0.2761 | +1.501% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0169% | 4h | 0.2761 | +1.517% | $9.5M | $67.8M | 10x | as long as short |
| edgeX USELESSUSDClong | +0.0207% | 4h | 0.2720 | long leg | $20K | $196K | 10x | |
| MEXC USELESS_USDT | +0.0236% | 4h | 0.2762 | +1.561% | $11.2M | $6.1M | 50x | as long as short |
| Binance USELESSUSDT | +0.0237% | 4h | 0.2763 | +1.572% | $23.0M | $122.9M | 50x | as long as short |
| Extended USELESS-USD | +0.0240% | 1h | 0.2760 | +1.490% | $137K | $1.2M | 5x | as long as short |
| Bybit USELESSUSDT | +0.0347% | 4h | 0.2758 | +1.396% | $26.0M | $48.7M | 13x | as long as short |
| BingX USELESS-USDT | +0.0348% | 4h | 0.2763 | +1.602% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0434% | 4h | 0.2715 | −0.179% | $1.0M | $1.8M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.0556% | 1h | 0.2772 | +1.918% | $49K | $698K | 25x | as long as short |
| BloFin USELESS-USDT | +0.0587% | 4h | 0.2759 | +1.444% | $1.1M | $2.1M | 12x | as long as short |
| Gate USELESS_USDTshort | +0.0710% | 4h | 0.2758 | +1.392% | $6.9M | $8.6M | 50x | |
| Orderly PERP_USELESS_USDC | +0.1150% | 4h | 0.2761 | +1.510% | $21K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2826 | +3.911% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
ApeX Omni USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP