Funding you earn now, next payment 00:00 UTC+0.0961%/8h= +105.3% APRnext payment +$4.81 per $10,000 · paid last 24h +0.212%
Price spread now: Aster against Gate+0.226%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1361.357% of the position
Funding, last 5 days (all we have)+0.499%+$50 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.226%, 7d avg +0.085%
=Together, before fees+0.458%+ Points / potential airdropAster: Stage 5 · farm board+$46 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Aster is 0.141% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.085%.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.499% in total (about 34.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.81 per $10,000. 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 | 0.2943 | 0.0428 | pay 0.0214% / 4h | 2h 19m | $7.3M | $7.8M | 50x |
| Short | Aster USELESSUSDT | 0.2949 | 0.1389 | get 0.0695% / 4h | 2h 19m | $681K | $2.1M | 10x |
Gate USELESS_USDT
Aster USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- $201.91
- Price spread: +0.226% → +0.085%
- $14.06
- Slippage, 4 orders
- −$112.67
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $80.3
- Costs to cover
- 1.357%
- Break-even
- 4.2 days
Slippage from Gate: live order book, 4 min ago; Aster: 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 | 3.07 bp | 45.5 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 4 min ago | 5.79 bp | 15.2 bp −$15 | 124.8 bp −$1,248 | 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 | 0.2952 | +0.306% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2946 | +0.109% | $33K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2952 | +0.319% | $10.5M | $66.0M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2950 | +0.268% | $29K | $137K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2949 | +0.228% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2949 | +0.211% | $20K | $379K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2944 | +0.031% | $587K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0240% | 4h | 0.2946 | +0.116% | $5.5M | $9.6M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2951 | +0.287% | $11K | — | 3x | as long as short |
| Gate USELESS_USDTlong | +0.0428% | 4h | 0.2943 | long leg | $7.3M | $7.8M | 50x |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0437% | 1h | 0.2937 | −0.190% | $42K | $699K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0538% | 4h | 0.2951 | +0.299% | $5.6M | $8.7M | 20x | as long as short |
| Binance USELESSUSDT | +0.0661% | 4h | 0.2953 | +0.359% | $25.5M | $109.3M | 50x | as long as short |
| Extended USELESS-USD | +0.0664% | 1h | 0.2952 | +0.305% | $310K | $967K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0664% | 4h | 0.2954 | +0.370% | $10.5M | $5.9M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0668% | 4h | 0.2939 | −0.128% | $22K | $190K | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1185% | 4h | 0.2950 | +0.268% | $22K | $1.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1263% | 4h | 0.2950 | +0.265% | $29.7M | $42.6M | 13x | as long as short |
| BingX USELESS-USDT | +0.1272% | 4h | 0.2953 | +0.367% | — | $4.9M | — | as long as short |
| Variational Omni USELESS | +0.1314% | 4h | 0.2942 | −0.021% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDTshort | +0.1389% | 4h | 0.2949 | +0.226% | $681K | $2.1M | 10x | |
| Hyperliquid USELESS | +0.1611% | 1h | 0.2955 | +0.421% | $15.1M | $19.6M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1622% | 4h | 0.2953 | +0.360% | $1.3M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3113 | +5.774% | $5K | $10K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
edgeX USELESSUSDC
Orderly PERP_USELESS_USDC
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP