USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.4900%/8h= +536.5% APRnext payment +$6.13 per $10,000 · paid last 24h −0.316%

Price spread now: Injective against ApeX Omni+5.684%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$147 a day on $10k at the current rate, and Injective is 5.684% dearer against ApeX Omni than usual: you sell high and buy low: +$568 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni USELESSUSDT	0.2618	0.0100	pay 0.0013% / 1h	31m 58s	$36K	$696K	25x
Short	Injective USELESS/USDC PERP	0.2767	0.5000	get 0.0625% / 1h	31m 58s	$5K	$11K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 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 ApeX OmnibpFee InjectivebpOrdersPrice spread, now +5.684%Rate

Funding earned: $1,029
Price spread: +5.684% → 0.000%: $568.37
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,587.35
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 22 min ago; Injective: no order-book sample. 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 ApeX Omni live order book, 22 min ago	7.60 bp	15.9 bp −$16	104.3 bp −$1,043	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	0.2609	−0.344%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2616	−0.068%	$28K	$18K	3x	as long as short
ApeX Omni USELESSUSDTlong	+0.0100%	1h	0.2618	long leg	$36K	$696K	25x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2614	−0.145%	$25K	$233K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2611	−0.256%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2602	−0.607%	$18K	$520K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2613	−0.199%	$599K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0168%	1h	0.2612	−0.225%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0190%	4h	0.2608	−0.367%	$8.8M	$63.0M	10x	as long as short
Bitget USELESSUSDT	+0.0210%	4h	0.2605	−0.489%	$5.0M	$10.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0218%	4h	0.2614	−0.168%	$4.7M	$10.7M	12x	as long as short
Aster USELESSUSDT	+0.0261%	4h	0.2609	−0.359%	$516K	$2.4M	10x	as long as short
edgeX USELESSUSDC	+0.0356%	4h	0.2618	+0.003%	$19K	$197K	10x	as long as short
Extended USELESS-USD	+0.0360%	1h	0.2612	−0.230%	$112K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0360%	4h	0.2608	−0.397%	$10.5M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0361%	4h	0.2608	−0.384%	$21.8M	$121.9M	50x	as long as short
Hyperliquid USELESS	+0.0390%	1h	0.2606	−0.474%	$11.4M	$22.7M	3x	as long as short
Gate USELESS_USDT	+0.0520%	4h	0.2610	−0.321%	$6.5M	$8.6M	50x	as long as short
Variational Omni USELESS	+0.0590%	4h	0.2630	+0.443%	$1.1M	$1.8M	—	as long as short
BingX USELESS-USDT	+0.0822%	4h	0.2605	−0.493%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.1038%	4h	0.2607	−0.413%	$24.6M	$48.5M	13x	as long as short
BloFin USELESS-USDT	+0.1063%	4h	0.2619	+0.042%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1301%	4h	0.2612	−0.210%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERPshort	+0.5000%	1h	0.2767	+5.684%	$5K	$11K	5.5x