Funding you earn now, next payment 04:00 UTC+0.0931%/8h= +102.0% APRnext payment +$4.66 per $10,000 · paid last 24h +0.163%
Price spread now: Aster against Phemex+0.380%52s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2372.372% of the position
Funding, last 5 days (all we have)+0.467%+$47 on $10k
+Price spread, last 3 days (all we have)−0.422%−$42 · spread now +0.380%, 7d avg −0.043%
=Together, before fees+0.045%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Aster is 0.424% dearer against Phemex than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of −0.043%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.467% in total (about 31.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.66 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 | Phemex USELESSUSDT | 0.2814 | 0.0100 | pay 0.0050% / 4h | 3h 43m | $591K | $1.2M | 20x |
| Short | Aster USELESSUSDT | 0.2825 | 0.1031 | get 0.0516% / 4h | 3h 43m | $649K | $2.3M | 10x |
Phemex USELESSUSDT
Aster USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $195.58
- Price spread: +0.380% → −0.043%
- $42.35
- Slippage, 4 orders
- −$217.23
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $0.7
- Costs to cover
- 2.372%
- Break-even
- 7.0 days
Slippage from Phemex: live order book, 4 min ago; Aster: live order book, 5 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 Phemex live order book, 4 min ago | 42.83 bp | 92.1 bp −$92 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 7.81 bp | 19.6 bp −$20 | 132.7 bp −$1,327 | 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 USELESS | +0.0096% | 1h | 0.2823 | +0.316% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2825 | +0.380% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2828 | +0.494% | $9.9M | $66.4M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2823 | +0.330% | $46K | $169K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2814 | −0.007% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2815 | +0.032% | $18K | $504K | 20x | as long as short |
| Phemex USELESSUSDTlong | +0.0100% | 4h | 0.2814 | long leg | $591K | $1.2M | 20x | |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2831 | +0.587% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0210% | 4h | 0.2822 | +0.274% | $5.2M | $10.1M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0398% | 4h | 0.2828 | +0.512% | $5.4M | $9.6M | 20x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Aevo USELESS-PERP
KuCoin USELESSUSDTM
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0466% | 4h | 0.2817 | +0.099% | $21K | $194K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0478% | 4h | 0.2827 | +0.476% | $10.7M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0479% | 4h | 0.2828 | +0.495% | $23.8M | $116.1M | 50x | as long as short |
| Extended USELESS-USD | +0.0480% | 1h | 0.2825 | +0.389% | $297K | $1.2M | 5x | as long as short |
| Gate USELESS_USDT | +0.0506% | 4h | 0.2823 | +0.302% | $7.1M | $8.3M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0723% | 1h | 0.2810 | −0.142% | $39K | $703K | 25x | as long as short |
| Aster USELESSUSDTshort | +0.1031% | 4h | 0.2825 | +0.380% | $649K | $2.3M | 10x | |
| Variational Omni USELESS | +0.1125% | 4h | 0.2823 | +0.313% | $1.2M | $1.7M | — | as long as short |
| Hyperliquid USELESS | +0.1185% | 1h | 0.2830 | +0.569% | $14.2M | $21.1M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1292% | 4h | 0.2828 | +0.480% | $22K | $1.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1499% | 4h | 0.2829 | +0.540% | $27.8M | $45.9M | 13x | as long as short |
| BloFin USELESS-USDT | +0.2314% | 4h | 0.2814 | +0.011% | $1.2M | $2.0M | 12x | as long as short |
| BingX USELESS-USDT | +0.2322% | 4h | 0.2829 | +0.547% | — | $5.0M | — | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2983 | +6.013% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Variational Omni USELESS
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Bybit USELESSUSDT
BloFin USELESS-USDT
BingX USELESS-USDT
Injective USELESS/USDC PERP