USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.56 per $10,000 · paid last 24h +0.103%

Price spread now: edgeX against Gate+1.445%52s7-day average +0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as 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−$3023.019% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 3 days (all we have)−1.277%−$128 · spread now +1.445%, 7d avg +0.167%

Together, before fees−1.136%+ Points / potential airdropedgeX: Active · farm board−$114 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 1.279% dearer against Gate than usual: you sell high and buy low: +$128 more if the spread goes back to its 7-day average of +0.167%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USELESS_USDT	0.2759	0.0424	pay 0.0212% / 4h	1h 30m	$6.9M	$8.0M	50x
Short	edgeX USELESSUSDC	0.2798	0.0537	get 0.0268% / 4h	1h 30m	$21K	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +1.445%Rate

Funding earned: $23.7
Price spread: +1.445% → +0.167%: $127.88
Slippage, 4 orders: −$277.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$150.33
Costs to cover: 3.019%
Break-even: 51.4 days

Slippage from Gate: live order book, 3 min ago; edgeX: live order book, 51 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 Gate live order book, 3 min ago	6.98 bp	48.7 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 51 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	0.2754	−0.160%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2752	−0.226%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2758	−0.029%	$9.7M	$63.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2758	−0.029%	$26K	$145K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2766	+0.265%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2787	+1.044%	$36K	$437K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2755	−0.138%	$565K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2766	+0.265%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0341%	1h	0.2789	+1.102%	$40K	$698K	25x	as long as short
KuCoin USELESSUSDTM	+0.0352%	4h	0.2752	−0.228%	$5.1M	$9.8M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDTlong	+0.0424%	4h	0.2759	long leg	$6.9M	$8.0M	50x
Binance USELESSUSDT	+0.0521%	4h	0.2756	−0.077%	$23.3M	$112.9M	50x	as long as short
Extended USELESS-USD	+0.0528%	1h	0.2754	−0.160%	$289K	$965K	5x	as long as short
MEXC USELESS_USDT	+0.0528%	4h	0.2755	−0.141%	$9.9M	$5.8M	50x	as long as short
edgeX USELESSUSDCshort	+0.0537%	4h	0.2798	+1.445%	$21K	$191K	10x
Bitget USELESSUSDT	+0.0542%	4h	0.2755	−0.134%	$5.4M	$9.1M	20x	as long as short
Hyperliquid USELESS	+0.1074%	1h	0.2748	−0.392%	$13.4M	$20.4M	3x	as long as short
Aster USELESSUSDT	+0.1181%	4h	0.2754	−0.178%	$637K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1252%	4h	0.2768	+0.348%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1436%	4h	0.2755	−0.127%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1454%	4h	0.2759	+0.007%	$27.7M	$44.1M	13x	as long as short
Variational Omni USELESS	+0.1528%	4h	0.2815	+2.044%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1879%	4h	0.2767	+0.305%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2976	+7.884%	$5K	$9K	5.5x	as long as short