Funding you earn now, next payment 23:00 UTC−0.4904%/8h= −537.0% APRnext payment −$6.13 per $10,000 · paid last 24h +1.158%
Price spread now: Lighter against Injective−6.860%96s7-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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$147 a day on $10k at the current rate, and Lighter is 6.860% cheaper against Injective than usual: you would sell low and buy high (−$686 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 96 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 | 0.3032 | 0.5000 | pay 0.0625% / 1h | 53m 44s | $5K | $9K | 5.5x |
| Short | Lighter USELESS | 0.2824 | 0.0096 | get 0.0012% / 1h | 53m 44s | $1.3M | $1.1M | 3x |
Injective USELESS/USDC PERP
Lighter USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$1,029.84
- Price spread: −6.860% → 0.000%
- −$685.99
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$1,715.85
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 2 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 Lighter live order book, 2 min ago | 6.47 bp | 29.8 bp −$30 | 94.7 bp −$947 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | −0.0024% | 1h | 0.2859 | −5.709% | $41K | $699K | 25x | as long as short |
| Lighter USELESSshort | +0.0096% | 1h | 0.2824 | −6.860% | $1.3M | $1.1M | 3x | |
| Pacifica USELESS | +0.0100% | 1h | 0.2825 | −6.822% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2820 | −6.989% | $10.0M | $63.7M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2838 | −6.392% | $28K | $140K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2830 | −6.652% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2830 | −6.665% | $20K | $392K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2811 | −7.285% | $573K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2830 | −6.675% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0286% | 4h | 0.2822 | −6.939% | $5.2M | $9.7M | 12x | as long as short |
ApeX Omni USELESSUSDT
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0294% | 4h | 0.2821 | −6.975% | $7.0M | $7.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0524% | 4h | 0.2823 | −6.896% | $5.4M | $8.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0571% | 4h | 0.2869 | −5.382% | $21K | $189K | 10x | as long as short |
| Extended USELESS-USD | +0.0584% | 1h | 0.2823 | −6.886% | $297K | $968K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0584% | 4h | 0.2824 | −6.853% | $9.9M | $5.7M | 50x | as long as short |
| Binance USELESSUSDT | +0.0586% | 4h | 0.2824 | −6.880% | $24.0M | $111.3M | 50x | as long as short |
| Hyperliquid USELESS | +0.1099% | 1h | 0.2828 | −6.721% | $14.5M | $19.8M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1227% | 4h | 0.2832 | −6.599% | $22K | $1.4M | 10x | as long as short |
| Aster USELESSUSDT | +0.1247% | 4h | 0.2827 | −6.767% | $654K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1354% | 4h | 0.2823 | −6.896% | — | $4.9M | — | as long as short |
| Bybit USELESSUSDT | +0.1432% | 4h | 0.2826 | −6.814% | $28.7M | $43.2M | 13x | as long as short |
| Variational Omni USELESS | +0.1449% | 4h | 0.2870 | −5.333% | $1.2M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1872% | 4h | 0.2856 | −5.824% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERPlong | +0.5000% | 1h | 0.3032 | long leg | $5K | $9K | 5.5x |
Gate USELESS_USDT
Bitget USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT