Funding you earn now, next payment 23:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.13 per $10,000 · paid last 24h +0.041%
Price spread now: ApeX Omni against Lighter−0.099%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$750.754% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 3 days (all we have)−0.167%−$17 · spread now −0.099%, 7d avg +0.044%
=Together, before fees−0.170%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.142% cheaper against Lighter than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.044%). If the spread goes back, that is −$14 on $10k: about 4.6 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter USELESS | 0.2738 | 0.0096 | pay 0.0012% / 1h | 21m 27s | $1.3M | $1.1M | 3x |
| Short | ApeX Omni USELESSUSDT | 0.2735 | 0.0198 | get 0.0025% / 1h | 21m 27s | $38K | $699K | 25x |
Lighter USELESS
ApeX Omni USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. 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
- $21.52
- Price spread: −0.099% → +0.044%
- −$14.22
- Slippage, 4 orders
- −$65.39
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$68.09
- Costs to cover
- 0.754%
- Break-even
- 29.1 days
Slippage from Lighter: live order book, 5 min ago; ApeX Omni: live order book, 62 min ago.
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 Lighter live order book, 5 min ago | 6.59 bp | 19.6 bp −$20 | 60.0 bp −$600 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 62 min ago | 10.22 bp | 18.3 bp −$18 | 105.8 bp −$1,058 | doesn't fit | doesn't fit |
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 USELESSlong | +0.0096% | 1h | 0.2738 | long leg | $1.3M | $1.1M | 3x | |
| Pacifica USELESS | +0.0100% | 1h | 0.2738 | +0.023% | $30K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2727 | −0.398% | $9.6M | $63.0M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2727 | −0.384% | $26K | $145K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2738 | +0.018% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2738 | −0.004% | $18K | $488K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2724 | −0.515% | $558K | $1.2M | 20x | as long as short |
| ApeX Omni USELESSUSDTshort | +0.0198% | 1h | 0.2735 | −0.099% | $38K | $699K | 25x | |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2734 | −0.137% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0332% | 4h | 0.2732 | −0.190% | $5.1M | $9.8M | 12x | as long as short |
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 | +0.0372% | 4h | 0.2734 | −0.146% | $6.9M | $8.0M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0492% | 4h | 0.2737 | −0.011% | $20K | $191K | 10x | as long as short |
| Binance USELESSUSDT | +0.0498% | 4h | 0.2732 | −0.209% | $23.1M | $113.6M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0500% | 4h | 0.2740 | +0.091% | $9.9M | $5.9M | 50x | as long as short |
| Extended USELESS-USD | +0.0504% | 1h | 0.2739 | +0.065% | $287K | $965K | 5x | as long as short |
| Bitget USELESSUSDT | +0.0514% | 4h | 0.2727 | −0.398% | $5.2M | $9.1M | 20x | as long as short |
| Hyperliquid USELESS | +0.0885% | 1h | 0.2730 | −0.270% | $13.3M | $20.6M | 3x | as long as short |
| Aster USELESSUSDT | +0.1136% | 4h | 0.2735 | −0.098% | $642K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1261% | 4h | 0.2740 | +0.073% | $21K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1294% | 4h | 0.2734 | −0.121% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1388% | 4h | 0.2729 | −0.329% | $27.3M | $44.6M | 13x | as long as short |
| Variational Omni USELESS | +0.1473% | 4h | 0.2741 | +0.132% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1771% | 4h | 0.2734 | −0.135% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2934 | +7.170% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
Bitget USELESSUSDT
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP