Funding you earn now, next payment 03:00 UTC−0.3772%/8h= −413.1% APRpaid last 24h +0.759%
Price spread now: BloFin against Injective−5.660%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$113 a day on $10k at the current rate, and BloFin is 5.660% cheaper against Injective than usual: you would sell low and buy high (−$566 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 | Injective USELESS/USDC PERP | 0.2878 | 0.5000 | pay 0.0625% / 1h | 9m 32s | $5K | $9K | 5.5x |
| Short | BloFin USELESS-USDT | 0.2715 | 0.1228 | get 0.0614% / 4h | 1h 09m | $1.2M | $1.9M | 12x |
Injective USELESS/USDC PERP
BloFin USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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
- −$792.15
- Price spread: −5.660% → 0.000%
- −$565.98
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,370.15
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 3 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 Injective no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 3 min ago | 6.26 bp | 19.0 bp −$19 | 40.4 bp −$404 | doesn't fit | doesn't fit |
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 | 0.2705 | −6.018% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2706 | −5.974% | $30K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2706 | −5.972% | $6.8M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2709 | −5.886% | $39K | $217K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2713 | −5.726% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2714 | −5.708% | $18K | $513K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2708 | −5.913% | $599K | $1.1M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0219% | 1h | 0.2714 | −5.705% | $37K | $696K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2713 | −5.731% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0235% | 4h | 0.2708 | −5.924% | $9.5M | $63.7M | 10x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
ApeX Omni USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0296% | 4h | 0.2708 | −5.917% | $5.0M | $10.4M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0554% | 4h | 0.2708 | −5.920% | $5.2M | $10.0M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0591% | 4h | 0.2715 | −5.676% | $20K | $195K | 10x | as long as short |
| Extended USELESS-USD | +0.0616% | 1h | 0.2708 | −5.912% | $285K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0616% | 4h | 0.2709 | −5.865% | $10.8M | $6.1M | 50x | as long as short |
| Hyperliquid USELESS | +0.0635% | 1h | 0.2710 | −5.854% | $13.2M | $20.9M | 3x | as long as short |
| Binance USELESSUSDT | +0.0636% | 4h | 0.2708 | −5.903% | $23.0M | $118.5M | 50x | as long as short |
| BingX USELESS-USDT | +0.0888% | 4h | 0.2711 | −5.827% | — | $5.2M | — | as long as short |
| Bybit USELESSUSDT | +0.0975% | 4h | 0.2707 | −5.931% | $26.2M | $46.6M | 13x | as long as short |
| Variational Omni USELESS | +0.0982% | 4h | 0.2712 | −5.782% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1021% | 4h | 0.2706 | −5.983% | $570K | $2.4M | 10x | as long as short |
| BloFin USELESS-USDTshort | +0.1228% | 4h | 0.2715 | −5.660% | $1.2M | $1.9M | 12x | |
| Orderly PERP_USELESS_USDC | +0.1401% | 4h | 0.2714 | −5.695% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERPlong | +0.5000% | 1h | 0.2878 | long leg | $5K | $9K | 5.5x |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Hyperliquid USELESS
Binance USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC