USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.4488%/8h= −491.4% APRnext payment −$5.61 per $10,000 · paid last 24h +1.273%

Price spread now: Extended against Injective−6.821%100s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Extended

What this pair did over the last

the charts below follow

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$135 a day on $10k at the current rate, and Extended is 6.821% cheaper against Injective than usual: you would sell low and buy high (−$682 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective USELESS/USDC PERP	0.2934	0.5000	pay 0.0625% / 1h	25m 27s	$5K	$9K	5.5x
Short	Extended USELESS-USD	0.2734	0.0512	get 0.0064% / 1h	25m 27s	$287K	$965K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Injective. 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 InjectivebpFee ExtendedbpOrdersPrice spread, now −6.821%Rate

Funding earned: −$942.48
Price spread: −6.821% → 0.000%: −$682.07
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1,629.57
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Extended: live order book, 58 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 Extended live order book, 58 min ago	66.50 bp	85.1 bp −$85	doesn't fit	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	0.2732	−6.878%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2731	−6.926%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2735	−6.783%	$9.6M	$63.0M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2735	−6.769%	$26K	$145K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2732	−6.895%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2727	−7.038%	$34K	$448K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2717	−7.386%	$557K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2731	−6.905%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0229%	1h	0.2757	−6.033%	$39K	$699K	25x	as long as short
KuCoin USELESSUSDTM	+0.0324%	4h	0.2731	−6.936%	$5.1M	$9.8M	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	+0.0370%	4h	0.2729	−6.987%	$6.8M	$8.0M	50x	as long as short
edgeX USELESSUSDC	+0.0505%	4h	0.2762	−5.858%	$21K	$190K	10x	as long as short
Binance USELESSUSDT	+0.0507%	4h	0.2736	−6.764%	$23.1M	$113.3M	50x	as long as short
MEXC USELESS_USDT	+0.0508%	4h	0.2733	−6.837%	$9.9M	$5.9M	50x	as long as short
Extended USELESS-USDshort	+0.0512%	1h	0.2734	−6.821%	$287K	$965K	5x
Bitget USELESSUSDT	+0.0530%	4h	0.2734	−6.823%	$5.3M	$9.1M	20x	as long as short
Hyperliquid USELESS	+0.0944%	1h	0.2738	−6.691%	$13.3M	$20.5M	3x	as long as short
Aster USELESSUSDT	+0.1141%	4h	0.2735	−6.766%	$633K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1253%	4h	0.2731	−6.922%	$21K	$1.4M	10x	as long as short
Bybit USELESSUSDT	+0.1354%	4h	0.2736	−6.748%	$27.3M	$44.5M	13x	as long as short
BingX USELESS-USDT	+0.1354%	4h	0.2738	−6.663%	—	$5.0M	—	as long as short
Variational Omni USELESS	+0.1515%	4h	0.2775	−5.416%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1818%	4h	0.2742	−6.554%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERPlong	+0.5000%	1h	0.2934	long leg	$5K	$9K	5.5x