Funding you earn now, next payment 09:00 UTC−0.1347%/8h= −147.5% APRnext payment −$1.68 per $10,000 · paid last 24h +0.062%
Price spread now: Extended against ApeX Omni−0.011%92s7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$155as 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−$1701.699% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now −0.011%, 7d avg −0.009%
=Together, before fees−0.010%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$40 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.149%, so the current rate has only just turned against you. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.68 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 | ApeX Omni USELESSUSDT | 0.3001 | 0.1819 | pay 0.0227% / 1h | 39m 52s | $56K | $699K | 25x |
| Short | Extended USELESS-USD | 0.3001 | 0.0472 | get 0.0059% / 1h | 39m 52s | $285K | $1.7M | 5x |
ApeX Omni USELESSUSDT
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against ApeX Omni. 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
- −$282.81
- Price spread: −0.011% → −0.009%
- −$0.19
- Slippage, 4 orders
- −$154.94
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$452.94
- Costs to cover
- 1.699%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 59 min ago; Extended: live order book, 3 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 ApeX Omni live order book, 59 min ago | 10.30 bp | 18.2 bp −$18 | 110.4 bp −$1,104 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 49.32 bp | 67.3 bp −$67 | 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 | 0.2999 | −0.073% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2998 | −0.087% | $32K | $19K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2997 | −0.120% | $7.5M | $8.9M | 50x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2997 | −0.133% | $5.5M | $10.9M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.3002 | +0.020% | $5.7M | $11.3M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2990 | −0.360% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.3001 | −0.007% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.3004 | +0.090% | $20K | $515K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2995 | −0.197% | $686K | $1.3M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0119% | 4h | 0.3002 | +0.033% | $10.9M | $78.2M | 10x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0200% | 1h | 0.3001 | −0.009% | $11K | — | 3x | as long as short |
| Aster USELESSUSDT | +0.0342% | 4h | 0.3001 | −0.010% | $629K | $2.2M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0441% | 4h | 0.3007 | +0.202% | $22K | $200K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0468% | 4h | 0.3002 | +0.047% | $14.0M | $6.5M | 50x | as long as short |
| Binance USELESSUSDT | +0.0470% | 4h | 0.3004 | +0.089% | $25.7M | $131.7M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0472% | 1h | 0.3001 | −0.011% | $285K | $1.7M | 5x | |
| BingX USELESS-USDT | +0.0616% | 4h | 0.3005 | +0.123% | — | $5.5M | — | as long as short |
| Bybit USELESSUSDT | +0.0737% | 4h | 0.3003 | +0.073% | $29.8M | $53.0M | 13x | as long as short |
| Variational Omni USELESS | +0.0820% | 4h | 0.3004 | +0.105% | $1.3M | $1.9M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.0957% | 4h | 0.3001 | −0.003% | $22K | $1.8M | 10x | as long as short |
| Hyperliquid USELESS | +0.1115% | 1h | 0.3007 | +0.203% | $13.5M | $24.2M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1482% | 4h | 0.3005 | +0.137% | $1.3M | $2.3M | 12x | as long as short |
| ApeX Omni USELESSUSDTlong | +0.1819% | 1h | 0.3001 | long leg | $56K | $699K | 25x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3188 | +6.225% | $5K | $10K | 5.5x | as long as short |
Aevo USELESS-PERP
Aster USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP