Funding you earn now, next payment 04:00 UTC+0.0360%/8h= +39.4% APRnext payment +$0.45 per $10,000 · paid last 24h +0.116%
Price spread now: Extended against Lighter+0.096%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1481.485% of the position
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now +0.096%, 7d avg −0.018%
=Together, before fees+0.224%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.114% dearer against Lighter than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.018%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.166% in total (about 8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter USELESS | 0.2574 | 0.0096 | pay 0.0012% / 1h | 29m 02s | $1.2M | $1.2M | 3x |
| Short | Extended USELESS-USD | 0.2576 | 0.0456 | get 0.0057% / 1h | 29m 02s | $114K | $1.2M | 5x |
Lighter USELESS
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $75.6
- Price spread: +0.096% → −0.018%
- $11.42
- Slippage, 4 orders
- −$143.46
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$61.43
- Costs to cover
- 1.485%
- Break-even
- 12.7 days
Slippage from Lighter: live order book, 2 min ago; Extended: live order book, 4 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, 2 min ago | 5.06 bp | 16.6 bp −$17 | 64.5 bp −$645 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 6.80 bp | 72.3 bp −$72 | doesn't fit | 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 | 0.2574 | long leg | $1.2M | $1.2M | 3x | |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2573 | −0.023% | $11.4M | $22.9M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2573 | −0.038% | $29K | $64K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2576 | +0.109% | $33K | $223K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2577 | +0.132% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2569 | −0.167% | $17K | $521K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2576 | +0.105% | $577K | $1.0M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2572 | −0.063% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0205% | 4h | 0.2564 | −0.369% | $8.9M | $63.1M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0228% | 4h | 0.2575 | +0.039% | $4.7M | $10.7M | 12x | as long as short |
Hyperliquid USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0244% | 4h | 0.2571 | −0.093% | $6.4M | $8.7M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0348% | 4h | 0.2574 | 0.000% | $4.9M | $10.4M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0420% | 1h | 0.2558 | −0.606% | $33K | $693K | 25x | as long as short |
| Extended USELESS-USDshort | +0.0456% | 1h | 0.2576 | +0.096% | $114K | $1.2M | 5x | |
| Binance USELESSUSDT | +0.0459% | 4h | 0.2567 | −0.254% | $21.4M | $123.2M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0461% | 4h | 0.2566 | −0.276% | $19K | $197K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0464% | 4h | 0.2578 | +0.159% | $10.3M | $6.2M | 50x | as long as short |
| Aster USELESSUSDT | +0.0506% | 4h | 0.2576 | +0.112% | $510K | $2.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.0524% | 4h | 0.2564 | −0.377% | $24.5M | $48.6M | 13x | as long as short |
| BingX USELESS-USDT | +0.0532% | 4h | 0.2573 | −0.019% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0718% | 4h | 0.2564 | −0.381% | $1.0M | $1.9M | — | as long as short |
| BloFin USELESS-USDT | +0.0779% | 4h | 0.2576 | +0.093% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1323% | 4h | 0.2578 | +0.167% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2704 | +5.075% | $5K | $11K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
ApeX Omni USELESSUSDT
Binance USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Aster USELESSUSDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP