USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.4488%/8h= +491.4% APRnext payment +$5.61 per $10,000 · paid last 24h −1.146%

Price spread now: Injective against Extended+6.373%7-day average — · you sell dearer than you buy

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

Long on Extended 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 airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$135 a day on $10k at the current rate, and Injective is 6.373% dearer against Extended than usual: you sell high and buy low: +$637 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	Extended USELESS-USD	0.2815	0.0512	pay 0.0064% / 1h	32m 52s	$297K	$966K	5x
Short	Injective USELESS/USDC PERP	0.2995	0.5000	get 0.0625% / 1h	32m 52s	$5K	$9K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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 ExtendedbpFee InjectivebpOrdersPrice spread, now +6.373%Rate

Funding earned: $942.48
Price spread: +6.373% → 0.000%: $637.32
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,574.78
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 45 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 Extended live order book, 45 min ago	7.80 bp	72.4 bp −$72	doesn't fit	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	0.2813	−0.102%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2819	+0.115%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2814	−0.048%	$9.9M	$66.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2818	+0.083%	$34K	$156K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2820	+0.172%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2814	−0.038%	$19K	$495K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2813	−0.102%	$569K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2814	−0.036%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0235%	1h	0.2810	−0.194%	$39K	$701K	25x	as long as short
KuCoin USELESSUSDTM	+0.0282%	4h	0.2814	−0.045%	$5.2M	$10.0M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0340%	4h	0.2815	−0.013%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0386%	4h	0.2811	−0.159%	$7.0M	$8.3M	50x	as long as short
edgeX USELESSUSDC	+0.0506%	4h	0.2813	−0.093%	$21K	$192K	10x	as long as short
MEXC USELESS_USDT	+0.0508%	4h	0.2814	−0.052%	$10.4M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0512%	4h	0.2813	−0.098%	$23.6M	$116.0M	50x	as long as short
Extended USELESS-USDlong	+0.0512%	1h	0.2815	long leg	$297K	$966K	5x
BingX USELESS-USDT	+0.1040%	4h	0.2814	−0.045%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1057%	4h	0.2816	+0.033%	$27.8M	$45.7M	13x	as long as short
Aster USELESSUSDT	+0.1112%	4h	0.2813	−0.083%	$647K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1218%	4h	0.2814	−0.037%	$1.2M	$1.8M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1344%	4h	0.2818	+0.101%	$22K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.1381%	4h	0.2821	+0.186%	$1.2M	$2.0M	12x	as long as short
Hyperliquid USELESS	+0.1533%	1h	0.2818	+0.086%	$14.0M	$21.0M	3x	as long as short
Injective USELESS/USDC PERPshort	+0.5000%	1h	0.2995	+6.373%	$5K	$9K	5.5x