Funding you earn now, next payment 03:00 UTC+0.4900%/8h= +536.5% APRpaid last 24h −0.546%
Price spread now: Injective against Gate+5.590%84s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work for this trade now. Funding pays +$147 a day on $10k at the current rate, and Injective is 5.590% dearer against Gate than usual: you sell high and buy low: +$559 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 84 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 | Gate USELESS_USDT | 0.2739 | 0.0100 | pay 0.0050% / 4h | 1h 19m | $6.9M | $8.6M | 50x |
| Short | Injective USELESS/USDC PERP | 0.2892 | 0.5000 | get 0.0625% / 1h | 19m 57s | $5K | $9K | 5.5x |
Gate USELESS_USDT
Injective USELESS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $1,029
- Price spread: +5.590% → 0.000%
- $558.96
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,572.94
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago | 6.04 bp | 50.8 bp −$51 | 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 | 0.2738 | −0.037% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2751 | +0.456% | $30K | $70K | 3x | as long as short |
| Gate USELESS_USDTlong | +0.0100% | 4h | 0.2739 | long leg | $6.9M | $8.6M | 50x | |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2736 | −0.110% | $38K | $695K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2746 | +0.259% | $38K | $215K | 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 | 0.2747 | +0.285% | $18K | $511K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2738 | −0.040% | $604K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0206% | 4h | 0.2740 | +0.029% | $9.6M | $64.4M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2743 | +0.131% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0274% | 4h | 0.2740 | +0.022% | $5.0M | $10.4M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0556% | 4h | 0.2738 | −0.029% | $5.3M | $9.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0570% | 4h | 0.2735 | −0.138% | $20K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0604% | 4h | 0.2740 | +0.029% | $10.8M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0622% | 4h | 0.2738 | −0.029% | $23.2M | $118.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0624% | 1h | 0.2738 | −0.043% | $289K | $1.1M | 5x | as long as short |
| Hyperliquid USELESS | +0.0699% | 1h | 0.2739 | +0.004% | $13.4M | $20.9M | 3x | as long as short |
| BingX USELESS-USDT | +0.0890% | 4h | 0.2739 | −0.004% | — | $5.2M | — | as long as short |
| Bybit USELESSUSDT | +0.1007% | 4h | 0.2738 | −0.018% | $26.4M | $46.5M | 13x | as long as short |
| Variational Omni USELESS | +0.1034% | 4h | 0.2753 | +0.524% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1051% | 4h | 0.2740 | +0.018% | $577K | $2.2M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1280% | 4h | 0.2753 | +0.529% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1390% | 4h | 0.2744 | +0.183% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERPshort | +0.5000% | 1h | 0.2892 | +5.590% | $5K | $9K | 5.5x |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC