Funding you earn now, next payment 23:00 UTC+0.4654%/8h= +509.6% APRpaid last 24h −1.172%
Price spread now: Injective against Gate+8.395%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 +$140 a day on $10k at the current rate, and Injective is 8.395% dearer against Gate than usual: you sell high and buy low: +$840 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 | Gate USELESS_USDT | 0.2746 | 0.0346 | pay 0.0173% / 4h | 1h 30m | $6.9M | $8.0M | 50x |
| Short | Injective USELESS/USDC PERP | 0.2976 | 0.5000 | get 0.0625% / 1h | 30m 46s | $5K | $9K | 5.5x |
Gate USELESS_USDT
Injective USELESS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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
- $977.34
- Price spread: +8.395% → 0.000%
- $839.53
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,801.85
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago | 6.98 bp | 48.7 bp −$49 | doesn't fit | 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 | 0.2754 | +0.313% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2752 | +0.247% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2754 | +0.313% | $9.7M | $63.2M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2774 | +1.020% | $26K | $145K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2766 | +0.739% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2787 | +1.522% | $36K | $437K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2755 | +0.335% | $565K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2766 | +0.740% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0341% | 1h | 0.2789 | +1.581% | $40K | $698K | 25x | as long as short |
| Gate USELESS_USDTlong | +0.0346% | 4h | 0.2746 | long leg | $6.9M | $8.0M | 50x |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0352% | 4h | 0.2752 | +0.244% | $5.1M | $9.8M | 12x | as long as short |
| Binance USELESSUSDT | +0.0521% | 4h | 0.2755 | +0.353% | $23.3M | $112.9M | 50x | as long as short |
| Extended USELESS-USD | +0.0528% | 1h | 0.2765 | +0.698% | $291K | $965K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0528% | 4h | 0.2755 | +0.331% | $9.9M | $5.8M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0537% | 4h | 0.2798 | +1.926% | $21K | $191K | 10x | as long as short |
| Bitget USELESSUSDT | +0.0544% | 4h | 0.2757 | +0.412% | $5.3M | $9.1M | 20x | as long as short |
| Hyperliquid USELESS | +0.1074% | 1h | 0.2748 | +0.080% | $13.4M | $20.4M | 3x | as long as short |
| Aster USELESSUSDT | +0.1181% | 4h | 0.2748 | +0.099% | $636K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1252% | 4h | 0.2768 | +0.823% | $21K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1436% | 4h | 0.2746 | 0.000% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1444% | 4h | 0.2756 | +0.361% | $27.7M | $44.1M | 13x | as long as short |
| Variational Omni USELESS | +0.1528% | 4h | 0.2815 | +2.527% | $1.2M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1879% | 4h | 0.2767 | +0.779% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERPshort | +0.5000% | 1h | 0.2976 | +8.395% | $5K | $9K | 5.5x |
KuCoin USELESSUSDTM
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
edgeX USELESSUSDC
Bitget USELESSUSDT
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT