Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.3956%/8h= +433.2% APRpaid last 24h −0.767%

Price spread now: Injective against Aster+6.166%77s7-day average — · you sell dearer than you buy

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

Long on Aster 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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$119 a day on $10k at the current rate, and Injective is 6.166% dearer against Aster than usual: you sell high and buy low: +$617 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 77 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	Aster USELESSUSDT	0.2739	0.1044	pay 0.0522% / 4h	1h 46m	$586K	$2.3M	10x
Short	Injective USELESS/USDC PERP	0.2908	0.5000	get 0.0625% / 1h	46m 03s	$5K	$9K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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 AsterbpFee InjectivebpOrdersPrice spread, now +6.166%Rate

Funding earned: $830.74
Price spread: +6.166% → 0.000%: $616.56
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,439.28
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 2 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 Aster live order book, 2 min ago	5.11 bp	21.4 bp −$21	101.2 bp −$1,012	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	0.2739	−0.026%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2742	+0.093%	$31K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2738	−0.066%	$6.8M	$8.5M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2742	+0.099%	$32K	$209K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2743	+0.131%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2746	+0.245%	$18K	$505K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2737	−0.080%	$601K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0129%	4h	0.2737	−0.091%	$9.7M	$64.3M	10x	as long as short
ApeX Omni USELESSUSDT	+0.0197%	1h	0.2758	+0.679%	$38K	$693K	25x	as long as short
KuCoin USELESSUSDTM	+0.0206%	4h	0.2738	−0.066%	$5.1M	$10.4M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0224%	1h	0.2741	+0.050%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0530%	4h	0.2735	−0.153%	$5.2M	$9.9M	20x	as long as short
MEXC USELESS_USDT	+0.0580%	4h	0.2742	+0.113%	$10.7M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0582%	4h	0.2741	+0.069%	$23.2M	$117.8M	50x	as long as short
Extended USELESS-USD	+0.0584%	1h	0.2743	+0.144%	$291K	$1.1M	5x	as long as short
edgeX USELESSUSDC	+0.0589%	4h	0.2761	+0.792%	$21K	$195K	10x	as long as short
Hyperliquid USELESS	+0.0788%	1h	0.2742	+0.096%	$13.5M	$20.9M	3x	as long as short
BingX USELESS-USDT	+0.0898%	4h	0.2741	+0.062%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0917%	4h	0.2739	−0.029%	$26.5M	$46.4M	13x	as long as short
Variational Omni USELESS	+0.0956%	4h	0.2742	+0.101%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDTlong	+0.1044%	4h	0.2739	long leg	$586K	$2.3M	10x
BloFin USELESS-USDT	+0.1190%	4h	0.2744	+0.168%	—	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1342%	4h	0.2740	+0.015%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERPshort	+0.5000%	1h	0.2908	+6.166%	$5K	$9K	5.5x