Funding you earn now, next payment 01:00 UTC+0.4526%/8h= +495.6% APRpaid last 24h −1.022%
Price spread now: Injective against MEXC+5.407%7-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—needs both histories
Both sides work for this trade now. Funding pays +$136 a day on $10k at the current rate, and Injective is 5.407% dearer against MEXC than usual: you sell high and buy low: +$541 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USELESS_USDT | 0.2880 | 0.0474 | pay 0.0237% / 4h | 3h 16m | $10.9M | $6.0M | 50x |
| Short | Injective USELESS/USDC PERP | 0.3035 | 0.5000 | get 0.0625% / 1h | 16m 32s | $5K | $9K | 5.5x |
MEXC USELESS_USDT
Injective USELESS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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
- $950.46
- Price spread: +5.407% → 0.000%
- $540.7
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,483.14
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: MEXC: 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 MEXC live order book, 2 min ago | 0.70 bp | 18.0 bp −$18 | 51.5 bp −$515 | 164.7 bp −$16.5K | 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 USELESS | +0.0096% | 1h | 0.2878 | −0.038% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2878 | −0.052% | $32K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2880 | 0.000% | $10.1M | $67.6M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2876 | −0.118% | $50K | $173K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2879 | −0.031% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2869 | −0.358% | $19K | $510K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2870 | −0.337% | $607K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0154% | 4h | 0.2873 | −0.233% | $5.3M | $10.1M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2865 | −0.506% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0444% | 1h | 0.2856 | −0.820% | $40K | $699K | 25x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
ApeX Omni USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended USELESS-USD | +0.0472% | 1h | 0.2882 | +0.091% | $305K | $1.2M | 5x | as long as short |
| MEXC USELESS_USDTlong | +0.0474% | 4h | 0.2880 | long leg | $10.9M | $6.0M | 50x | |
| Binance USELESSUSDT | +0.0474% | 4h | 0.2880 | +0.028% | $24.3M | $116.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0475% | 4h | 0.2857 | −0.794% | $21K | $193K | 10x | as long as short |
| Bitget USELESSUSDT | +0.0544% | 4h | 0.2880 | +0.021% | $5.6M | $9.6M | 20x | as long as short |
| Bybit USELESSUSDT | +0.0661% | 4h | 0.2877 | −0.083% | $28.1M | $46.3M | 13x | as long as short |
| Gate USELESS_USDT | +0.0720% | 4h | 0.2872 | −0.281% | $7.2M | $8.4M | 50x | as long as short |
| BingX USELESS-USDT | +0.0866% | 4h | 0.2880 | +0.031% | — | $5.1M | — | as long as short |
| Variational Omni USELESS | +0.1037% | 4h | 0.2856 | −0.827% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1061% | 4h | 0.2873 | −0.229% | $660K | $2.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1125% | 1h | 0.2878 | −0.066% | $14.5M | $21.0M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1241% | 4h | 0.2874 | −0.188% | $22K | $1.4M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1274% | 4h | 0.2874 | −0.181% | $1.2M | $2.1M | 12x | as long as short |
| Injective USELESS/USDC PERPshort | +0.5000% | 1h | 0.3035 | +5.407% | $5K | $9K | 5.5x |
Extended USELESS-USD
Binance USELESSUSDT
edgeX USELESSUSDC
Bitget USELESSUSDT
Bybit USELESSUSDT
Gate USELESS_USDT
BingX USELESS-USDT
Variational Omni USELESS
Aster USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
BloFin USELESS-USDT