USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.4883%/8h= −534.7% APRnext payment −$6.10 per $10,000 · paid last 24h +1.325%

Price spread now: ApeX Omni against Injective−5.494%7-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 ApeX Omni

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 −$146 a day on $10k at the current rate, and ApeX Omni is 5.494% cheaper against Injective than usual: you would sell low and buy high (−$549 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective USELESS/USDC PERP	0.3101	0.5000	pay 0.0625% / 1h	43m 25s	$5K	$10K	5.5x
Short	ApeX Omni USELESSUSDT	0.2931	0.0117	get 0.0015% / 1h	43m 25s	$42K	$697K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −5.494%Rate

Funding earned: −$1,025.4
Price spread: −5.494% → 0.000%: −$549.43
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$1,584.85
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 45 min ago. 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 ApeX Omni live order book, 45 min ago	11.83 bp	19.8 bp −$20	99.8 bp −$998	doesn't fit	doesn't fit

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	0.2927	−5.620%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2928	−5.578%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2926	−5.656%	$10.4M	$65.5M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2929	−5.556%	$29K	$135K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2942	−5.143%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2925	−5.691%	$20K	$376K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2921	−5.807%	$580K	$1.3M	20x	as long as short
ApeX Omni USELESSUSDTshort	+0.0117%	1h	0.2931	−5.494%	$42K	$697K	25x
KuCoin USELESSUSDTM	+0.0156%	4h	0.2929	−5.568%	$5.5M	$9.6M	12x	as long as short
Aevo USELESS-PERP	+0.0256%	1h	0.2929	−5.546%	$11K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0304%	4h	0.2925	−5.675%	$7.3M	$7.7M	50x	as long as short
Bitget USELESSUSDT	+0.0556%	4h	0.2929	−5.572%	$5.6M	$8.7M	20x	as long as short
edgeX USELESSUSDC	+0.0674%	4h	0.2935	−5.359%	$22K	$190K	10x	as long as short
Binance USELESSUSDT	+0.0686%	4h	0.2929	−5.558%	$25.2M	$109.1M	50x	as long as short
MEXC USELESS_USDT	+0.0692%	4h	0.2930	−5.517%	$10.3M	$5.8M	50x	as long as short
Extended USELESS-USD	+0.0696%	1h	0.2930	−5.521%	$308K	$967K	5x	as long as short
Orderly PERP_USELESS_USDC	+0.1133%	4h	0.2930	−5.539%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1247%	4h	0.2932	−5.476%	$1.2M	$1.7M	—	as long as short
BingX USELESS-USDT	+0.1312%	4h	0.2928	−5.581%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1351%	4h	0.2929	−5.568%	$29.4M	$42.7M	13x	as long as short
Aster USELESSUSDT	+0.1356%	4h	0.2933	−5.436%	$676K	$2.1M	10x	as long as short
Hyperliquid USELESS	+0.1561%	1h	0.2934	−5.410%	$15.0M	$19.6M	3x	as long as short
BloFin USELESS-USDT	+0.1842%	4h	0.2938	−5.272%	$1.3M	$2.0M	12x	as long as short
Injective USELESS/USDC PERPlong	+0.5000%	1h	0.3101	long leg	$5K	$10K	5.5x