USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0260%/8h= +28.4% APRnext payment +$0.32 per $10,000 · paid last 24h +0.074%

Price spread now: Extended against ApeX Omni+0.298%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1351.348% of the position

Long on ApeX Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 3 days (all we have)−0.101%−$10 · spread now +0.298%, 7d avg −0.040%

Together, before fees+0.043%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Extended is 0.338% dearer against ApeX Omni than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.040%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.144% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 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	ApeX Omni USELESSUSDT	0.2725	0.0228	pay 0.0029% / 1h	13m 14s	$38K	$699K	25x
Short	Extended USELESS-USD	0.2733	0.0488	get 0.0061% / 1h	13m 14s	$288K	$966K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee ExtendedbpOrdersPrice spread, now +0.298%Rate

Funding earned: $54.52
Price spread: +0.298% → −0.040%: $33.81
Slippage, 4 orders: −$119.75
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$46.43
Costs to cover: 1.348%
Break-even: 13.0 days

Slippage from ApeX Omni: live order book, 5 min ago; Extended: 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 ApeX Omni live order book, 5 min ago	9.14 bp	18.7 bp −$19	107.3 bp −$1,073	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	7.80 bp	22.0 bp −$22	doesn't fit	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	0.2734	+0.334%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2735	+0.382%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2732	+0.264%	$9.5M	$63.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2732	+0.264%	$26K	$147K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2735	+0.352%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2736	+0.389%	$18K	$489K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2721	−0.158%	$558K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2735	+0.364%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDTlong	+0.0228%	1h	0.2725	long leg	$38K	$699K	25x
KuCoin USELESSUSDTM	+0.0340%	4h	0.2733	+0.305%	$5.1M	$9.9M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0350%	4h	0.2730	+0.183%	$6.8M	$8.1M	50x	as long as short
edgeX USELESSUSDC	+0.0463%	4h	0.2727	+0.080%	$20K	$192K	10x	as long as short
MEXC USELESS_USDT	+0.0476%	4h	0.2735	+0.360%	$10.0M	$5.9M	50x	as long as short
Bitget USELESSUSDT	+0.0476%	4h	0.2733	+0.279%	$5.2M	$9.1M	20x	as long as short
Binance USELESSUSDT	+0.0488%	4h	0.2733	+0.305%	$23.1M	$114.1M	50x	as long as short
Extended USELESS-USDshort	+0.0488%	1h	0.2733	+0.298%	$288K	$966K	5x
Hyperliquid USELESS	+0.0836%	1h	0.2736	+0.389%	$13.3M	$20.6M	3x	as long as short
Aster USELESSUSDT	+0.1109%	4h	0.2734	+0.347%	$641K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1288%	4h	0.2735	+0.356%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1320%	4h	0.2732	+0.253%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1365%	4h	0.2734	+0.323%	$27.4M	$44.7M	13x	as long as short
Variational Omni USELESS	+0.1492%	4h	0.2726	+0.019%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1773%	4h	0.2735	+0.371%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2894	+6.217%	$5K	$9K	5.5x	as long as short