Funding you earn now, next payment 01:00 UTC−0.0376%/8h= −41.2% APRpaid last 24h −0.004%
Price spread now: Polymarket Perps against Gate+0.078%48s7-day average +0.139% · you sell dearer than you buy
Net, funding: paid 7d − costs−$148as 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−$1381.382% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 7 days−0.089%−$9 · spread now +0.078%, 7d avg +0.139%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Polymarket Perps is 0.060% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.139%). Swap the legs. The two prices were read 48 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 -0.101% in total (about -5.3% 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 | 0.2811 | 0.0476 | pay 0.0238% / 4h | 3h 44m | $7.0M | $8.3M | 50x |
| Short | Polymarket Perps USELESS-USD | 0.2813 | 0.0100 | get 0.0013% / 1h | 44m 38s | $45K | $168K | 3x |
Gate USELESS_USDT
Polymarket Perps USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$78.96
- Price spread: +0.078% → +0.139%
- −$6.03
- Slippage, 4 orders
- −$115.24
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$223.23
- Costs to cover
- 1.382%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Polymarket Perps: live order book, 27 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 | 6.58 bp | 51.4 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 27 min ago | 5.68 bp | 12.5 bp −$12 | doesn't fit | 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 | 0.2812 | +0.043% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2813 | +0.100% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2815 | +0.146% | $9.9M | $66.1M | 10x | as long as short |
| Polymarket Perps USELESS-USDshort | +0.0100% | 1h | 0.2813 | +0.078% | $45K | $168K | 3x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2816 | +0.199% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2802 | −0.292% | $18K | $504K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2809 | −0.075% | $590K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2815 | +0.169% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0204% | 4h | 0.2811 | +0.004% | $5.2M | $10.1M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0388% | 4h | 0.2815 | +0.164% | $5.4M | $9.6M | 20x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTM
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0442% | 4h | 0.2799 | −0.427% | $21K | $193K | 10x | as long as short |
| Gate USELESS_USDTlong | +0.0476% | 4h | 0.2811 | long leg | $7.0M | $8.3M | 50x | |
| Binance USELESSUSDT | +0.0479% | 4h | 0.2817 | +0.230% | $23.7M | $116.1M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0484% | 4h | 0.2814 | +0.121% | $10.6M | $5.9M | 50x | as long as short |
| Extended USELESS-USD | +0.0488% | 1h | 0.2816 | +0.180% | $300K | $1.1M | 5x | as long as short |
| ApeX Omni USELESSUSDT | +0.0926% | 1h | 0.2819 | +0.295% | $39K | $702K | 25x | as long as short |
| Aster USELESSUSDT | +0.1037% | 4h | 0.2820 | +0.334% | $648K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1125% | 4h | 0.2823 | +0.431% | $1.2M | $1.7M | — | as long as short |
| Hyperliquid USELESS | +0.1170% | 1h | 0.2818 | +0.267% | $14.1M | $21.1M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1291% | 4h | 0.2815 | +0.153% | $22K | $1.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1684% | 4h | 0.2816 | +0.171% | $27.6M | $45.9M | 13x | as long as short |
| BloFin USELESS-USDT | +0.2314% | 4h | 0.2814 | +0.128% | $1.2M | $2.0M | 12x | as long as short |
| BingX USELESS-USDT | +0.2322% | 4h | 0.2817 | +0.213% | — | $5.0M | — | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2983 | +6.137% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
Binance USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
ApeX Omni USELESSUSDT
Aster USELESSUSDT
Variational Omni USELESS
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Bybit USELESSUSDT
BloFin USELESS-USDT
BingX USELESS-USDT
Injective USELESS/USDC PERP