Funding you earn now, next payment 05:00 UTC+0.4810%/8h= +526.7% APRpaid last 24h −0.288%
Price spread now: Injective against OKX+6.073%78s7-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 +$144 a day on $10k at the current rate, and Injective is 6.073% dearer against OKX than usual: you sell high and buy low: +$607 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 78 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 | OKX USELESS-USDT-SWAP | 0.2608 | 0.0190 | pay 0.0095% / 4h | 3h 32m | $8.8M | $63.0M | 10x |
| Short | Injective USELESS/USDC PERP | 0.2767 | 0.5000 | get 0.0625% / 1h | 32m 08s | $5K | $11K | 5.5x |
OKX USELESS-USDT-SWAP
Injective USELESS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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
- $1,010.07
- Price spread: +6.073% → 0.000%
- $607.27
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,607.32
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: OKX: 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 OKX live order book, 2 min ago | 4.01 bp | 23.8 bp −$24 | 82.9 bp −$829 | 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 USELESS | +0.0096% | 1h | 0.2609 | +0.023% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2616 | +0.300% | $28K | $18K | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2618 | +0.368% | $36K | $696K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2614 | +0.222% | $25K | $233K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2611 | +0.111% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2602 | −0.242% | $18K | $520K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2613 | +0.169% | $599K | $1.1M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0168% | 1h | 0.2612 | +0.142% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAPlong | +0.0190% | 4h | 0.2608 | long leg | $8.8M | $63.0M | 10x | |
| Bitget USELESSUSDT | +0.0210% | 4h | 0.2605 | −0.123% | $5.0M | $10.3M | 20x | as long as short |
Lighter USELESS
Pacifica USELESS
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0218% | 4h | 0.2614 | +0.199% | $4.7M | $10.7M | 12x | as long as short |
| Aster USELESSUSDT | +0.0261% | 4h | 0.2609 | +0.008% | $516K | $2.4M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0356% | 4h | 0.2618 | +0.371% | $19K | $197K | 10x | as long as short |
| Extended USELESS-USD | +0.0360% | 1h | 0.2612 | +0.137% | $112K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0360% | 4h | 0.2608 | −0.031% | $10.5M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0361% | 4h | 0.2608 | −0.017% | $21.8M | $121.9M | 50x | as long as short |
| Hyperliquid USELESS | +0.0390% | 1h | 0.2606 | −0.107% | $11.4M | $22.7M | 3x | as long as short |
| Gate USELESS_USDT | +0.0520% | 4h | 0.2610 | +0.046% | $6.5M | $8.6M | 50x | as long as short |
| Variational Omni USELESS | +0.0590% | 4h | 0.2630 | +0.812% | $1.1M | $1.8M | — | as long as short |
| BingX USELESS-USDT | +0.0822% | 4h | 0.2605 | −0.127% | — | $5.3M | — | as long as short |
| Bybit USELESSUSDT | +0.1038% | 4h | 0.2607 | −0.046% | $24.6M | $48.5M | 13x | as long as short |
| BloFin USELESS-USDT | +0.1063% | 4h | 0.2619 | +0.410% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1301% | 4h | 0.2612 | +0.157% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERPshort | +0.5000% | 1h | 0.2767 | +6.073% | $5K | $11K | 5.5x |
KuCoin USELESSUSDTM
Aster USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Hyperliquid USELESS
Gate USELESS_USDT
Variational Omni USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC