USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.4304%/8h= −471.3% APRnext payment −$5.38 per $10,000 · paid last 24h +1.482%

Price spread now: Extended against Injective−5.901%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 Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$129 a day on $10k at the current rate, and Extended is 5.901% cheaper against Injective than usual: you would sell low and buy high (−$590 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	0.3151	0.5000	pay 0.0625% / 1h	57m 21s	$5K	$10K	5.5x
Short	Extended USELESS-USD	0.2965	0.0696	get 0.0087% / 1h	57m 21s	$312K	$967K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −5.901%Rate

Funding earned: −$903.84
Price spread: −5.901% → 0.000%: −$590.12
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1,498.98
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Extended: live order book, 30 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 Extended live order book, 30 min ago	53.37 bp	70.2 bp −$70	doesn't fit	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	0.2966	−5.874%	$1.4M	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2969	−5.782%	$33K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2975	−5.604%	$10.6M	$66.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2972	−5.706%	$28K	$130K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2976	−5.566%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2971	−5.728%	$20K	$374K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2965	−5.921%	$589K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0146%	4h	0.2970	−5.766%	$5.5M	$9.5M	12x	as long as short
Aevo USELESS-PERP	+0.0256%	1h	0.2979	−5.452%	$11K	—	3x	as long as short
Gate USELESS_USDT	+0.0370%	4h	0.2968	−5.810%	$7.4M	$7.6M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0436%	1h	0.2967	−5.848%	$42K	$698K	25x	as long as short
Bitget USELESSUSDT	+0.0584%	4h	0.2978	−5.509%	$5.7M	$8.7M	20x	as long as short
edgeX USELESSUSDC	+0.0696%	4h	0.2971	−5.718%	$22K	$188K	10x	as long as short
Extended USELESS-USDshort	+0.0696%	1h	0.2965	−5.901%	$312K	$967K	5x
MEXC USELESS_USDT	+0.0698%	4h	0.2967	−5.836%	$21.9M	$5.7M	50x	as long as short
Binance USELESSUSDT	+0.0698%	4h	0.2978	−5.515%	$25.9M	$108.4M	50x	as long as short
Orderly PERP_USELESS_USDC	+0.1121%	4h	0.2977	−5.537%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1162%	4h	0.2965	−5.926%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1389%	4h	0.2967	−5.849%	$690K	$2.1M	10x	as long as short
BingX USELESS-USDT	+0.1402%	4h	0.2975	−5.604%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1542%	4h	0.2979	−5.452%	$30.0M	$42.5M	13x	as long as short
Hyperliquid USELESS	+0.1750%	1h	0.2975	−5.598%	$15.2M	$19.7M	3x	as long as short
BloFin USELESS-USDT	+0.2230%	4h	0.2967	−5.836%	$1.3M	$2.1M	12x	as long as short
Injective USELESS/USDC PERPlong	+0.5000%	1h	0.3151	long leg	$5K	$10K	5.5x