Funding you earn now, next payment 04:00 UTC−0.4604%/8h= −504.1% APRpaid last 24h +0.522%
Price spread now: MEXC against Injective−5.291%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 −$138 a day on $10k at the current rate, and MEXC is 5.291% cheaper against Injective than usual: you would sell low and buy high (−$529 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 | 0.2769 | 0.5000 | pay 0.0625% / 1h | 2m 48s | $5K | $11K | 5.5x |
| Short | MEXC USELESS_USDT | 0.2622 | 0.0396 | get 0.0198% / 4h | 2m 48s | $10.6M | $6.2M | 50x |
Injective USELESS/USDC PERP
MEXC USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$966.84
- Price spread: −5.291% → 0.000%
- −$529.15
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$1,504.01
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago | 0.19 bp | 8.1 bp −$8 | 41.8 bp −$418 | 160.8 bp −$16.1K | 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 | 0.2616 | −5.497% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2615 | −5.549% | $28K | $53K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2624 | −5.230% | $28K | $228K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2622 | −5.306% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2621 | −5.335% | $18K | $523K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2621 | −5.328% | $591K | $1.1M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0184% | 1h | 0.2619 | −5.412% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0191% | 4h | 0.2618 | −5.432% | $8.9M | $63.7M | 10x | as long as short |
| Gate USELESS_USDT | +0.0208% | 4h | 0.2613 | −5.606% | $6.5M | $8.8M | 50x | as long as short |
| KuCoin USELESSUSDTM | +0.0226% | 4h | 0.2616 | −5.512% | $4.8M | $10.7M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
Gate USELESS_USDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0260% | 4h | 0.2618 | −5.440% | $5.0M | $10.4M | 20x | as long as short |
| Binance USELESSUSDT | +0.0390% | 4h | 0.2619 | −5.422% | $21.8M | $121.9M | 50x | as long as short |
| MEXC USELESS_USDTshort | +0.0396% | 4h | 0.2622 | −5.291% | $10.6M | $6.2M | 50x | |
| edgeX USELESSUSDC | +0.0396% | 4h | 0.2623 | −5.244% | $20K | $196K | 10x | as long as short |
| Extended USELESS-USD | +0.0400% | 1h | 0.2623 | −5.270% | $113K | $1.1M | 5x | as long as short |
| Hyperliquid USELESS | +0.0402% | 1h | 0.2624 | −5.234% | $11.5M | $22.7M | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0446% | 1h | 0.2622 | −5.295% | $33K | $693K | 25x | as long as short |
| Aster USELESSUSDT | +0.0477% | 4h | 0.2618 | −5.436% | $525K | $2.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.0490% | 4h | 0.2618 | −5.440% | — | $5.2M | — | as long as short |
| Bybit USELESSUSDT | +0.0497% | 4h | 0.2618 | −5.440% | $24.8M | $48.5M | 13x | as long as short |
| Variational Omni USELESS | +0.0639% | 4h | 0.2624 | −5.216% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0745% | 4h | 0.2620 | −5.385% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1317% | 4h | 0.2620 | −5.371% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERPlong | +0.5000% | 1h | 0.2769 | long leg | $5K | $11K | 5.5x |
Bitget USELESSUSDT
Binance USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
Hyperliquid USELESS
ApeX Omni USELESSUSDT
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC