Funding you earn now, next payment 04:00 UTC−0.0873%/8h= −95.6% APRnext payment −$4.36 per $10,000 · paid last 24h −0.159%
Price spread now: edgeX against Orderly−0.412%71s7-day average +0.047% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.731%−$73 on $10k
+Price spread, last 4 days (all we have)+0.614%+$61 · spread now −0.412%, 7d avg +0.047%
=Together, before fees−0.117%+ Points / potential airdropedgeX: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and edgeX is 0.459% cheaper against Orderly than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of +0.047%). Swap the legs. The two prices were read 71 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 | Orderly PERP_USELESS_USDC | 0.2580 | 0.1326 | pay 0.0663% / 4h | 23m 39s | $19K | $1.2M | 10x |
| Short | edgeX USELESSUSDC | 0.2570 | 0.0453 | get 0.0227% / 4h | 23m 39s | $19K | $195K | 10x |
Orderly PERP_USELESS_USDC
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Orderly. 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
- −$183.32
- Price spread: −0.412% → +0.047%
- −$45.86
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$244.18
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 33 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 33 min ago | 1.37 bp | 28.7 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2583 | +0.112% | $1.2M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2588 | +0.283% | $11.5M | $22.4M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2584 | +0.150% | $29K | $64K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2583 | +0.105% | $31K | $224K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2583 | +0.089% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2581 | +0.012% | $17K | $522K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2579 | −0.039% | $577K | $1.0M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0192% | 1h | 0.2581 | +0.021% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0197% | 4h | 0.2580 | −0.012% | $8.9M | $63.2M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0230% | 4h | 0.2584 | +0.155% | $4.7M | $10.7M | 12x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0260% | 4h | 0.2581 | +0.043% | $6.4M | $8.7M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0324% | 4h | 0.2582 | +0.050% | $4.9M | $10.5M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0367% | 1h | 0.2566 | −0.554% | $33K | $693K | 25x | as long as short |
| Extended USELESS-USD | +0.0432% | 1h | 0.2581 | +0.028% | $112K | $1.2M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0434% | 4h | 0.2588 | +0.283% | $10.4M | $6.2M | 50x | as long as short |
| Binance USELESSUSDT | +0.0436% | 4h | 0.2584 | +0.147% | $21.5M | $122.5M | 50x | as long as short |
| edgeX USELESSUSDCshort | +0.0453% | 4h | 0.2570 | −0.412% | $19K | $195K | 10x | |
| Aster USELESSUSDT | +0.0489% | 4h | 0.2581 | +0.011% | $511K | $2.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.0498% | 4h | 0.2582 | +0.070% | — | $5.2M | — | as long as short |
| Bybit USELESSUSDT | +0.0512% | 4h | 0.2581 | +0.035% | $24.6M | $48.5M | 13x | as long as short |
| Variational Omni USELESS | +0.0681% | 4h | 0.2564 | −0.623% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0750% | 4h | 0.2580 | −0.008% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDClong | +0.1326% | 4h | 0.2580 | long leg | $19K | $1.2M | 10x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2721 | +5.464% | $5K | $11K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
ApeX Omni USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP