Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.006%
Price spread now: Phemex against Aevo−0.098%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.098% cheaper against Aevo than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo USELESS-PERP | 0.2622 | 0.0168 | pay 0.0021% / 1h | 26m 30s | $9K | — | 3x |
| Short | Phemex USELESSUSDT | 0.2620 | 0.0100 | get 0.0050% / 4h | 3h 26m | $602K | $1.1M | 20x |
Aevo USELESS-PERP
Phemex USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aevo. 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
- −$14.28
- Price spread: −0.098% → 0.000%
- −$9.76
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$52.04
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Phemex: live order book, 1 min ago. 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 1 min ago | 6.86 bp | 45.4 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
Aevo: 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 | 0.2617 | −0.220% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2615 | −0.277% | $28K | $18K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2613 | −0.376% | $25K | $234K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2622 | +0.002% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2614 | −0.330% | $18K | $520K | 20x | as long as short |
| Phemex USELESSUSDTshort | +0.0100% | 4h | 0.2620 | −0.098% | $602K | $1.1M | 20x | |
| Aevo USELESS-PERPlong | +0.0168% | 1h | 0.2622 | long leg | $9K | — | 3x | |
| ApeX Omni USELESSUSDT | +0.0169% | 1h | 0.2619 | −0.132% | $36K | $696K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0194% | 4h | 0.2610 | −0.483% | $5.0M | $10.3M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0197% | 4h | 0.2611 | −0.426% | $8.9M | $63.2M | 10x | as long as short |
Lighter USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
OKX USELESS-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0198% | 4h | 0.2616 | −0.239% | $4.7M | $10.7M | 12x | as long as short |
| Aster USELESSUSDT | +0.0217% | 4h | 0.2611 | −0.422% | $516K | $2.4M | 10x | as long as short |
| Gate USELESS_USDT | +0.0284% | 4h | 0.2610 | −0.467% | $6.5M | $8.6M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0342% | 4h | 0.2625 | +0.081% | $20K | $196K | 10x | as long as short |
| Binance USELESSUSDT | +0.0344% | 4h | 0.2613 | −0.368% | $21.8M | $121.7M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0350% | 4h | 0.2614 | −0.326% | $10.5M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0352% | 1h | 0.2611 | −0.421% | $112K | $1.1M | 5x | as long as short |
| Hyperliquid USELESS | +0.0403% | 1h | 0.2612 | −0.403% | $11.4M | $22.7M | 3x | as long as short |
| Variational Omni USELESS | +0.0637% | 4h | 0.2628 | +0.224% | $1.0M | $1.8M | — | as long as short |
| Bybit USELESSUSDT | +0.0778% | 4h | 0.2610 | −0.464% | $24.6M | $48.5M | 13x | as long as short |
| BingX USELESS-USDT | +0.0936% | 4h | 0.2612 | −0.380% | — | $5.3M | — | as long as short |
| BloFin USELESS-USDT | +0.1231% | 4h | 0.2621 | −0.044% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1302% | 4h | 0.2623 | +0.017% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2770 | +5.641% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Aster USELESSUSDT
Gate USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
Hyperliquid USELESS
Variational Omni USELESS
Bybit USELESSUSDT
BingX USELESS-USDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP