Funding you earn now, next payment 04:00 UTC−0.4900%/8h= −536.5% APRpaid last 24h +0.546%
Price spread now: Gate against Injective−6.366%7-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 −$147 a day on $10k at the current rate, and Gate is 6.366% cheaper against Injective than usual: you would sell low and buy high (−$637 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 | 0.2708 | 0.5000 | pay 0.0625% / 1h | 54m 57s | $5K | $11K | 5.5x |
| Short | Gate USELESS_USDT | 0.2536 | 0.0100 | get 0.0050% / 4h | 54m 57s | $6.4M | $8.6M | 50x |
Injective USELESS/USDC PERP
Gate USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$1,029
- Price spread: −6.366% → 0.000%
- −$636.59
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,680.61
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Gate: 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 Gate live order book, 3 min ago | 10.03 bp | 43.6 bp −$44 | 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 | 0.2539 | −6.259% | $1.1M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2545 | −6.019% | $11.6M | $22.6M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2550 | −5.839% | $28K | $70K | 3x | as long as short |
| Gate USELESS_USDTshort | +0.0100% | 4h | 0.2536 | −6.366% | $6.4M | $8.6M | 50x | |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2542 | −6.118% | $35K | $219K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2542 | −6.141% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2541 | −6.166% | $17K | $517K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2538 | −6.296% | $556K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0215% | 4h | 0.2541 | −6.189% | $8.8M | $62.2M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2542 | −6.152% | $9K | — | 3x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0246% | 4h | 0.2541 | −6.189% | $4.6M | $10.6M | 12x | as long as short |
| ApeX Omni USELESSUSDT | +0.0473% | 1h | 0.2549 | −5.878% | $33K | $699K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0482% | 4h | 0.2541 | −6.159% | $4.9M | $10.4M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0546% | 4h | 0.2552 | −5.781% | $19K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0550% | 4h | 0.2541 | −6.178% | $10.1M | $6.2M | 50x | as long as short |
| Binance USELESSUSDT | +0.0550% | 4h | 0.2539 | −6.239% | $21.2M | $122.7M | 50x | as long as short |
| Extended USELESS-USD | +0.0552% | 1h | 0.2543 | −6.113% | $112K | $1.2M | 5x | as long as short |
| Aster USELESSUSDT | +0.0720% | 4h | 0.2541 | −6.171% | $503K | $2.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.0764% | 4h | 0.2541 | −6.178% | — | $5.3M | — | as long as short |
| Bybit USELESSUSDT | +0.0771% | 4h | 0.2541 | −6.170% | $24.4M | $48.6M | 13x | as long as short |
| Variational Omni USELESS | +0.0899% | 4h | 0.2557 | −5.586% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1030% | 4h | 0.2544 | −6.074% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1348% | 4h | 0.2542 | −6.137% | $19K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERPlong | +0.5000% | 1h | 0.2708 | long leg | $5K | $11K | 5.5x |
KuCoin USELESSUSDTM
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC