Funding you earn now, next payment 00:00 UTC+0.4904%/8h= +537.0% APRnext payment +$6.13 per $10,000 · paid last 24h −1.033%
Price spread now: Injective against Lighter+6.003%96s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$147 a day on $10k at the current rate, and Injective is 6.003% dearer against Lighter than usual: you sell high and buy low: +$600 more if the spread goes back to zero (this spread has no 7-day history yet). 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 | Lighter USELESS | 0.2813 | 0.0096 | pay 0.0012% / 1h | 29m 28s | $1.3M | $1.1M | 3x |
| Short | Injective USELESS/USDC PERP | 0.2982 | 0.5000 | get 0.0625% / 1h | 29m 28s | $5K | $9K | 5.5x |
Lighter USELESS
Injective USELESS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $1,029.84
- Price spread: +6.003% → 0.000%
- $600.34
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,630.16
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 2 min ago; Injective: no order-book sample. 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 Lighter live order book, 2 min ago | 5.86 bp | 24.1 bp −$24 | 62.5 bp −$625 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 USELESSlong | +0.0096% | 1h | 0.2813 | long leg | $1.3M | $1.1M | 3x | |
| Pacifica USELESS | +0.0100% | 1h | 0.2818 | +0.152% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2817 | +0.110% | $9.9M | $66.4M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2815 | +0.068% | $35K | $157K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2818 | +0.181% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2817 | +0.114% | $19K | $495K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2811 | −0.085% | $569K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2815 | +0.072% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0247% | 1h | 0.2817 | +0.128% | $39K | $700K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0254% | 4h | 0.2818 | +0.156% | $5.2M | $10.0M | 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
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0330% | 4h | 0.2819 | +0.192% | $5.3M | $9.4M | 20x | as long as short |
| Gate USELESS_USDT | +0.0376% | 4h | 0.2814 | +0.018% | $7.0M | $8.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0490% | 4h | 0.2816 | +0.103% | $21K | $192K | 10x | as long as short |
| Extended USELESS-USD | +0.0504% | 1h | 0.2815 | +0.049% | $297K | $966K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0506% | 4h | 0.2818 | +0.181% | $10.4M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0509% | 4h | 0.2817 | +0.127% | $23.7M | $116.1M | 50x | as long as short |
| BingX USELESS-USDT | +0.1010% | 4h | 0.2817 | +0.142% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1011% | 4h | 0.2818 | +0.178% | $27.8M | $45.7M | 13x | as long as short |
| Aster USELESSUSDT | +0.1098% | 4h | 0.2818 | +0.164% | $648K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1185% | 4h | 0.2823 | +0.326% | $1.2M | $1.8M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1333% | 4h | 0.2820 | +0.220% | $22K | $1.4M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1360% | 4h | 0.2822 | +0.313% | $1.2M | $2.0M | 12x | as long as short |
| Hyperliquid USELESS | +0.1539% | 1h | 0.2823 | +0.327% | $14.0M | $21.0M | 3x | as long as short |
| Injective USELESS/USDC PERPshort | +0.5000% | 1h | 0.2982 | +6.003% | $5K | $9K | 5.5x |
Bitget USELESSUSDT
Gate USELESS_USDT
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Aster USELESSUSDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
BloFin USELESS-USDT
Hyperliquid USELESS