Funding you earn now, next payment 00:00 UTC−0.0508%/8h= −55.7% APRnext payment −$2.54 per $10,000 · paid last 24h −0.096%
Price spread now: OKX against edgeX+0.182%7-day average −0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2442.437% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 3 days (all we have)−0.226%−$23 · spread now +0.182%, 7d avg −0.101%
=Together, before fees−0.390%+ Points / potential airdropedgeX: Active · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.282% dearer against edgeX than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of −0.101%): +$28 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 44 hours. At the pace of the last 7 days (−0.164% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.164% in total (about -8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.54 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 | 0.2849 | 0.0608 | pay 0.0304% / 4h | 2h 05m | $21K | $190K | 10x |
| Short | OKX USELESS-USDT-SWAP | 0.2854 | 0.0100 | get 0.0050% / 4h | 2h 05m | $10.1M | $64.3M | 10x |
edgeX USELESSUSDC
OKX USELESS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$106.75
- Price spread: +0.182% → −0.101%
- $28.25
- Slippage, 4 orders
- −$224.68
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$322.18
- Costs to cover
- 2.437%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 17 min ago; OKX: live order book, 4 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, 17 min ago | 1.53 bp | 34.5 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.24 bp | 23.2 bp −$23 | 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 | 0.2853 | +0.139% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2849 | +0.017% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAPshort | +0.0100% | 4h | 0.2854 | +0.182% | $10.1M | $64.3M | 10x | |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2852 | +0.125% | $28K | $139K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2853 | +0.146% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2852 | +0.104% | $20K | $388K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2837 | −0.401% | $570K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2854 | +0.191% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0284% | 4h | 0.2850 | +0.055% | $5.3M | $9.7M | 12x | as long as short |
| ApeX Omni USELESSUSDT | +0.0346% | 1h | 0.2849 | +0.013% | $41K | $698K | 25x | as long as short |
Lighter USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
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 | +0.0448% | 4h | 0.2850 | +0.041% | $7.1M | $7.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0524% | 4h | 0.2855 | +0.238% | $5.5M | $8.8M | 20x | as long as short |
| MEXC USELESS_USDT | +0.0590% | 4h | 0.2854 | +0.192% | $10.0M | $5.9M | 50x | as long as short |
| Extended USELESS-USD | +0.0592% | 1h | 0.2854 | +0.182% | $299K | $968K | 5x | as long as short |
| Binance USELESSUSDT | +0.0595% | 4h | 0.2856 | +0.252% | $24.3M | $110.7M | 50x | as long as short |
| edgeX USELESSUSDClong | +0.0608% | 4h | 0.2849 | long leg | $21K | $190K | 10x | |
| BingX USELESS-USDT | +0.1094% | 4h | 0.2857 | +0.297% | — | $4.9M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1205% | 4h | 0.2855 | +0.213% | $22K | $1.4M | 10x | as long as short |
| Aster USELESSUSDT | +0.1283% | 4h | 0.2854 | +0.182% | $661K | $2.2M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1377% | 4h | 0.2855 | +0.231% | $28.9M | $43.1M | 13x | as long as short |
| Variational Omni USELESS | +0.1388% | 4h | 0.2853 | +0.161% | $1.2M | $1.8M | — | as long as short |
| Hyperliquid USELESS | +0.1522% | 1h | 0.2858 | +0.311% | $14.6M | $19.8M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1621% | 4h | 0.2851 | +0.083% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3006 | +5.538% | $5K | $10K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
Binance USELESSUSDT
BingX USELESS-USDT
Orderly PERP_USELESS_USDC
Aster USELESSUSDT
Bybit USELESSUSDT
Variational Omni USELESS
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP