Funding you earn now, next payment 00:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h +0.029%
Price spread now: ApeX Omni against Gate−0.018%96s7-day average +0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as 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−$1621.623% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.018%, 7d avg +0.113%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and ApeX Omni is 0.131% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.113%). Swap the legs. The two prices were read 96 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 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment. 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 | Gate USELESS_USDT | 0.2813 | 0.0362 | pay 0.0181% / 4h | 9m 42s | $7.0M | $8.3M | 50x |
| Short | ApeX Omni USELESSUSDT | 0.2812 | 0.0102 | get 0.0013% / 1h | 9m 42s | $39K | $701K | 25x |
Gate USELESS_USDT
ApeX Omni USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Gate. 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
- −$54.63
- Price spread: −0.018% → +0.113%
- −$13.06
- Slippage, 4 orders
- −$137.33
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$230.03
- Costs to cover
- 1.623%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 4 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 Gate live order book, 4 min ago | 8.16 bp | 54.1 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 4 min ago | 8.89 bp | 16.9 bp −$17 | 106.1 bp −$1,061 | 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 | 0.2817 | +0.146% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2815 | +0.100% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2812 | −0.021% | $9.9M | $66.4M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2817 | +0.149% | $40K | $162K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2823 | +0.356% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2815 | +0.092% | $19K | $499K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2809 | −0.107% | $574K | $1.2M | 20x | as long as short |
| ApeX Omni USELESSUSDTshort | +0.0102% | 1h | 0.2812 | −0.018% | $39K | $701K | 25x | |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2817 | +0.169% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0206% | 4h | 0.2811 | −0.043% | $5.2M | $10.0M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0302% | 4h | 0.2818 | +0.203% | $5.3M | $9.4M | 20x | as long as short |
| Gate USELESS_USDTlong | +0.0362% | 4h | 0.2813 | long leg | $7.0M | $8.3M | 50x | |
| Binance USELESSUSDT | +0.0496% | 4h | 0.2814 | +0.039% | $23.7M | $116.5M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0496% | 4h | 0.2818 | +0.213% | $21K | $192K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0502% | 4h | 0.2816 | +0.139% | $10.4M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0504% | 1h | 0.2815 | +0.105% | $297K | $966K | 5x | as long as short |
| BingX USELESS-USDT | +0.0890% | 4h | 0.2819 | +0.220% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.0944% | 4h | 0.2814 | +0.039% | $27.6M | $45.8M | 13x | as long as short |
| Variational Omni USELESS | +0.1029% | 4h | 0.2823 | +0.375% | $1.2M | $1.8M | — | as long as short |
| Aster USELESSUSDT | +0.1065% | 4h | 0.2818 | +0.188% | $647K | $2.3M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1235% | 4h | 0.2825 | +0.434% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1316% | 4h | 0.2818 | +0.181% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1494% | 1h | 0.2822 | +0.352% | $14.1M | $21.1M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2971 | +5.628% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
Binance USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP