Funding you earn now, next payment 22:00 UTC−0.4900%/8h= −536.5% APRnext payment −$6.13 per $10,000 · paid last 24h +1.377%
Price spread now: Polymarket Perps against Injective−5.706%111s7-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 Polymarket Perps is 5.706% cheaper against Injective than usual: you would sell low and buy high (−$571 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 111 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 | 0.3151 | 0.5000 | pay 0.0625% / 1h | 57m 28s | $5K | $10K | 5.5x |
| Short | Polymarket Perps USELESS-USD | 0.2972 | 0.0100 | get 0.0013% / 1h | 57m 28s | $28K | $130K | 3x |
Injective USELESS/USDC PERP
Polymarket Perps USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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: −5.706% → 0.000%
- −$570.56
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$1,607.58
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 29 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 Polymarket Perps live order book, 29 min ago | 2.86 bp | 85.5 bp −$86 | 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 | 0.2974 | −5.639% | $10.5M | $66.4M | 10x | as long as short |
| Polymarket Perps USELESS-USDshort | +0.0100% | 1h | 0.2972 | −5.706% | $28K | $130K | 3x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2972 | −5.687% | — | $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 | +0.0150% | 4h | 0.2967 | −5.861% | $5.5M | $9.5M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0256% | 1h | 0.2972 | −5.680% | $11K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0370% | 4h | 0.2962 | −6.004% | $7.3M | $7.6M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Gate USELESS_USDTShow 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 | 0.2969 | −5.769% | $5.6M | $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-USD | +0.0696% | 1h | 0.2965 | −5.901% | $312K | $967K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0698% | 4h | 0.2969 | −5.798% | $21.9M | $5.7M | 50x | as long as short |
| Binance USELESSUSDT | +0.0698% | 4h | 0.2968 | −5.826% | $25.8M | $108.4M | 50x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1122% | 4h | 0.2972 | −5.690% | $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 | 0.2971 | −5.732% | $691K | $2.1M | 10x | as long as short |
| BingX USELESS-USDT | +0.1402% | 4h | 0.2966 | −5.874% | — | $4.9M | — | as long as short |
| Bybit USELESSUSDT | +0.1542% | 4h | 0.2968 | −5.810% | $29.9M | $42.5M | 13x | as long as short |
| Hyperliquid USELESS | +0.1656% | 1h | 0.2975 | −5.595% | $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 |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT