Funding you earn now, next payment 12:00 UTC+0.0433%/8h= +47.4% APRnext payment +$2.16 per $10,000 · paid last 24h +0.101%
Price spread now: edgeX against OKX−1.016%7-day average +0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$316as in the Price arb table
costs, in and out, $10k−$2082.076% of the position
Funding, last 7 days+0.203%+$20 on $10k
+Price spread, last 4 days (all we have)+1.061%+$106 · spread now −1.016%, 7d avg +0.068%
=Together, before fees+1.263%+ Points / potential airdropedgeX: Active · farm board+$126 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 1.085% cheaper against OKX than usual: you would sell low and buy high (spread −1.016% now, against its 7-day average of +0.068%). If the spread goes back, that is −$108 on $10k: about 8.4 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.203% in total) that is about 37 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.203% in total (about 10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.16 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USELESS-USDT-SWAP | 0.2959 | 0.0122 | pay 0.0061% / 4h | 1h 57m | $11.0M | $74.5M | 10x |
| Short | edgeX USELESSUSDC | 0.2929 | 0.0555 | get 0.0278% / 4h | 1h 57m | $22K | $202K | 10x |
OKX USELESS-USDT-SWAP
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against OKX. 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
- $90.93
- Price spread: −1.016% → +0.068%
- −$108.46
- Slippage, 4 orders
- −$188.58
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$225.11
- Costs to cover
- 2.076%
- Break-even
- 24.3 days
Slippage from OKX: live order book, 5 min ago; edgeX: live order book, 52 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 OKX live order book, 5 min ago | 1.02 bp | 16.6 bp −$17 | 77.9 bp −$779 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 52 min ago | 0.68 bp | 74.2 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
USELESS on 24 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USELESS/USDC PERP | +0.0033% | 1h | 0.3187 | +7.722% | $5K | $10K | 5.5x | as long as short |
| Lighter USELESS | +0.0096% | 1h | 0.2959 | 0.000% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2943 | −0.551% | $31K | $18K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2950 | −0.311% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2953 | −0.206% | — | $1.3M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2952 | −0.230% | $39K | $546K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2948 | −0.368% | $691K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0110% | 4h | 0.2958 | −0.027% | $5.5M | $10.6M | 12x | as long as short |
| OKX USELESS-USDT-SWAPlong | +0.0122% | 4h | 0.2959 | long leg | $11.0M | $74.5M | 10x | |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2947 | −0.396% | $11K | — | 3x | as long as short |
Injective USELESS/USDC PERP
Lighter USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERPShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0244% | 4h | 0.2960 | +0.037% | $5.8M | $10.8M | 20x | as long as short |
| Gate USELESS_USDT | +0.0290% | 4h | 0.2953 | −0.186% | $7.4M | $8.3M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0377% | 1h | 0.2937 | −0.740% | $56K | $688K | 25x | as long as short |
| Aster USELESSUSDT | +0.0461% | 4h | 0.2959 | +0.020% | $641K | $2.4M | 10x | as long as short |
| edgeX USELESSUSDCshort | +0.0555% | 4h | 0.2929 | −1.016% | $22K | $202K | 10x | |
| Extended USELESS-USD | +0.0592% | 1h | 0.2960 | +0.047% | $280K | $1.7M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0592% | 4h | 0.2959 | +0.014% | $15.6M | $7.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0593% | 4h | 0.2961 | +0.078% | $25.4M | $131.7M | 50x | as long as short |
| Hyperliquid USELESS | +0.0947% | 1h | 0.2961 | +0.081% | $13.6M | $23.3M | 3x | as long as short |
| BingX USELESS-USDT | +0.1038% | 4h | 0.2960 | +0.041% | — | $5.7M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1106% | 4h | 0.2959 | +0.010% | $24K | $1.9M | 10x | as long as short |
| Variational Omni USELESS | +0.1137% | 4h | 0.2922 | −1.235% | $1.2M | $1.9M | — | as long as short |
| Bybit USELESSUSDT | +0.1139% | 4h | 0.2959 | 0.000% | $29.1M | $52.3M | 13x | as long as short |
| BloFin USELESS-USDT | +0.1434% | 4h | 0.2955 | −0.128% | $1.3M | $2.3M | 12x | as long as short |
Bitget USELESSUSDT
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Aster USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Hyperliquid USELESS
BingX USELESS-USDT
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Bybit USELESSUSDT
BloFin USELESS-USDT