USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.4792%/8h= −524.7% APRnext payment −$5.99 per $10,000 · paid last 24h +1.064%

Price spread now: Aevo against Injective−5.962%59s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Aevo

What this pair did over the last

the charts below follow

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 against this trade now: funding costs −$144 a day on $10k at the current rate, and Aevo is 5.962% cheaper against Injective than usual: you would sell low and buy high (−$596 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 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	Injective USELESS/USDC PERP	0.2995	0.5000	pay 0.0625% / 1h	31m 43s	$5K	$9K	5.5x
Short	Aevo USELESS-PERP	0.2816	0.0208	get 0.0026% / 1h	31m 43s	$10K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee AevobpOrdersPrice spread, now −5.962%Rate

Funding earned: −$1,006.32
Price spread: −5.962% → 0.000%: −$596.18
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1,618.52
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Aevo: 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 Injective no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Injective and Aevo: 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	0.2816	−5.984%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2817	−5.940%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2819	−5.880%	$9.9M	$66.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2822	−5.783%	$34K	$157K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2826	−5.636%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2823	−5.746%	$19K	$495K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2817	−5.950%	$570K	$1.2M	20x	as long as short
Aevo USELESS-PERPshort	+0.0208%	1h	0.2816	−5.962%	$10K	—	3x
ApeX Omni USELESSUSDT	+0.0235%	1h	0.2810	−6.174%	$39K	$701K	25x	as long as short
KuCoin USELESSUSDTM	+0.0268%	4h	0.2816	−5.984%	$5.2M	$10.0M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0332%	4h	0.2817	−5.953%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0374%	4h	0.2814	−6.034%	$7.0M	$8.3M	50x	as long as short
edgeX USELESSUSDC	+0.0506%	4h	0.2813	−6.079%	$21K	$192K	10x	as long as short
MEXC USELESS_USDT	+0.0508%	4h	0.2817	−5.933%	$10.4M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0508%	4h	0.2817	−5.945%	$23.7M	$116.0M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2816	−5.963%	$297K	$966K	5x	as long as short
BingX USELESS-USDT	+0.1028%	4h	0.2821	−5.820%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1046%	4h	0.2819	−5.860%	$27.8M	$45.7M	13x	as long as short
Aster USELESSUSDT	+0.1105%	4h	0.2812	−6.107%	$647K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1218%	4h	0.2814	−6.026%	$1.2M	$1.8M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1342%	4h	0.2822	−5.763%	$22K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.1381%	4h	0.2821	−5.817%	$1.2M	$2.0M	12x	as long as short
Hyperliquid USELESS	+0.1545%	1h	0.2821	−5.817%	$14.0M	$21.0M	3x	as long as short
Injective USELESS/USDC PERPlong	+0.5000%	1h	0.2995	long leg	$5K	$9K	5.5x