Funding you earn now, next payment 05:00 UTC−0.0129%/8h= −14.2% APRpaid last 24h −0.111%
Price spread now: OKX against Extended−0.175%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1421.421% of the position
Funding, last 7 days−0.220%−$22 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now −0.175%, 7d avg −0.022%
=Together, before fees−0.144%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.153% cheaper against Extended than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended USELESS-USD | 0.2635 | 0.0304 | pay 0.0038% / 1h | 12m 27s | $112K | $1.1M | 5x |
| Short | OKX USELESS-USDT-SWAP | 0.2630 | 0.0175 | get 0.0087% / 4h | 3h 12m | $8.9M | $63.5M | 10x |
Extended USELESS-USD
OKX USELESS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Extended. 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
- −$27.17
- Price spread: −0.175% → −0.022%
- −$15.3
- Slippage, 4 orders
- −$127.14
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$184.61
- Costs to cover
- 1.421%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; OKX: live order book, 1 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 Extended live order book, 1 min ago | 7.21 bp | 44.0 bp −$44 | 342.5 bp −$3,425 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.90 bp | 21.7 bp −$22 | 103.7 bp −$1,037 | 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 | 0.2638 | +0.125% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2640 | +0.201% | $28K | $18K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2632 | −0.095% | $25K | $237K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2636 | +0.056% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2635 | +0.007% | $18K | $519K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2638 | +0.128% | $610K | $1.1M | 20x | as long as short |
| Gate USELESS_USDT | +0.0128% | 4h | 0.2630 | −0.164% | $6.6M | $8.6M | 50x | as long as short |
| Aster USELESSUSDT | +0.0130% | 4h | 0.2628 | −0.239% | $519K | $2.4M | 10x | as long as short |
| Bitget USELESSUSDT | +0.0138% | 4h | 0.2633 | −0.077% | $5.0M | $10.3M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0160% | 1h | 0.2640 | +0.212% | $9K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Gate USELESS_USDT
Aster USELESSUSDT
Bitget USELESSUSDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX USELESS-USDT-SWAPshort | +0.0175% | 4h | 0.2630 | −0.175% | $8.9M | $63.5M | 10x | |
| KuCoin USELESSUSDTM | +0.0186% | 4h | 0.2634 | −0.020% | $4.8M | $10.7M | 12x | as long as short |
| edgeX USELESSUSDC | +0.0302% | 4h | 0.2623 | −0.442% | $19K | $197K | 10x | as long as short |
| Extended USELESS-USDlong | +0.0304% | 1h | 0.2635 | long leg | $112K | $1.1M | 5x | |
| MEXC USELESS_USDT | +0.0306% | 4h | 0.2634 | −0.023% | $10.6M | $6.1M | 50x | as long as short |
| Binance USELESSUSDT | +0.0307% | 4h | 0.2628 | −0.236% | $22.0M | $121.5M | 50x | as long as short |
| Hyperliquid USELESS | +0.0365% | 1h | 0.2632 | −0.095% | $11.5M | $22.6M | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0371% | 1h | 0.2625 | −0.365% | $36K | $695K | 25x | as long as short |
| Bybit USELESSUSDT | +0.0554% | 4h | 0.2629 | −0.209% | $24.8M | $48.4M | 13x | as long as short |
| Variational Omni USELESS | +0.0603% | 4h | 0.2623 | −0.449% | $1.0M | $1.8M | — | as long as short |
| BingX USELESS-USDT | +0.0728% | 4h | 0.2629 | −0.228% | — | $5.3M | — | as long as short |
| BloFin USELESS-USDT | +0.0867% | 4h | 0.2637 | +0.109% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1275% | 4h | 0.2630 | −0.190% | $20K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2776 | +5.382% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Hyperliquid USELESS
ApeX Omni USELESSUSDT
Bybit USELESSUSDT
Variational Omni USELESS
BingX USELESS-USDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP