Funding you earn now, next payment 06:00 UTC−0.4798%/8h= −525.4% APRpaid last 24h +0.271%
Price spread now: Binance against Injective−6.312%107s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$144 a day on $10k at the current rate, and Binance is 6.312% cheaper against Injective than usual: you would sell low and buy high (−$631 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 107 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 | 0.2826 | 0.5000 | pay 0.0625% / 1h | 39m 29s | $5K | $11K | 5.5x |
| Short | Binance USELESSUSDT | 0.2648 | 0.0202 | get 0.0101% / 4h | 2h 39m | $22.1M | $122.1M | 50x |
Injective USELESS/USDC PERP
Binance USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- −$1,007.57
- Price spread: −6.312% → 0.000%
- −$631.25
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,648.84
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Binance: live order book, 3 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 Binance live order book, 3 min ago | 0.56 bp | 16.6 bp −$17 | 63.2 bp −$632 | 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 | 0.2641 | −6.539% | $1.2M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2655 | −6.058% | $11.5M | $22.8M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2644 | −6.458% | $518K | $2.3M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2643 | −6.477% | $28K | $18K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2643 | −6.475% | $25K | $246K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2658 | −5.955% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2657 | −5.973% | $18K | $519K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2657 | −5.983% | $630K | $1.1M | 20x | as long as short |
| Bitget USELESSUSDT | +0.0108% | 4h | 0.2655 | −6.043% | $5.1M | $10.4M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0120% | 4h | 0.2639 | −6.624% | $4.8M | $10.6M | 12x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Aster USELESSUSDT
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Bitget USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0136% | 1h | 0.2670 | −5.536% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0139% | 4h | 0.2654 | −6.089% | $9.0M | $64.7M | 10x | as long as short |
| Binance USELESSUSDTshort | +0.0202% | 4h | 0.2648 | −6.312% | $22.1M | $122.1M | 50x | |
| edgeX USELESSUSDC | +0.0216% | 4h | 0.2691 | −4.775% | $20K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0222% | 4h | 0.2645 | −6.422% | $10.7M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0224% | 1h | 0.2645 | −6.420% | $113K | $1.1M | 5x | as long as short |
| Bybit USELESSUSDT | +0.0345% | 4h | 0.2648 | −6.309% | $25.0M | $48.5M | 13x | as long as short |
| BingX USELESS-USDT | +0.0390% | 4h | 0.2643 | −6.465% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0513% | 4h | 0.2699 | −4.496% | $1.1M | $1.8M | — | as long as short |
| Gate USELESS_USDT | +0.0590% | 4h | 0.2636 | −6.730% | $6.6M | $8.6M | 50x | as long as short |
| BloFin USELESS-USDT | +0.0654% | 4h | 0.2694 | −4.681% | $1.1M | $2.0M | 12x | as long as short |
| ApeX Omni USELESSUSDT | +0.0844% | 1h | 0.2694 | −4.678% | $48K | $698K | 25x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1203% | 4h | 0.2667 | −5.647% | $20K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERPlong | +0.5000% | 1h | 0.2826 | long leg | $5K | $11K | 5.5x |
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Gate USELESS_USDT
BloFin USELESS-USDT
ApeX Omni USELESSUSDT
Orderly PERP_USELESS_USDC